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“# Here is how one algorithmic indicator anticipated multiple phases of FXS’ protracted rally ” Frax Share (FXS) has been one of the few altcoins to pull off a dominant price performance amid the down market of late 2021 to early 2022. In the month between Dec. 14 and Jan. 14, FXS was up 128%…
“# Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern ” Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in…
“# Analysts expect turbulent Bitcoin price until $46,500 flips to support ” Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range. Data…
“# Small cap altcoins flash bullish signals even as Bitcoin revisits $42.5K ” The cryptocurrency market faced another day of erratic price movements on Jan. 13 after Bitcoin (BTC) bulls were soundly rejected in their bid to push the price above $44,000. This led to an abrupt sell-off that has thrust the price back into…
“# Gemini acquires BITRIA to push crypto into the wealth management industry ” Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors…
“# Ascending channel pattern sets Polygon (MATIC) up for a potential 30% rally ” Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC token out of circulation. Dubbed EIP-1559, the improvement proposal originally came to light…
“# Bitcoin sells off after $44K resistance tap, eliciting scrutiny from options traders ” Bitcoin (BTC) fell more than 2% from local highs during Jan. 13 in the latest move to keep market participants guessing about what’s to come for the largest digital asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “One step at a…
“# Topped or bottomed? Traders at odds over whether Bitcoin will keep rising ” Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as…
“# Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry ” Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify…
“# Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’ ” A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000…