Bitcoin price has experienced a significant decline following the rising tensions between Israel and Iran. The cryptocurrency dropped to a low of $60,500 before attempting a recovery wave. Despite this recovery attempt, Bitcoin is still trading below $65,500 and the 100 hourly Simple Moving Average. A key rising channel has been identified with resistance at
Analysis
Solana (SOL) has recently experienced a significant decline in price, dropping to as low as $110. However, there are indications that the price is now starting to correct its losses and is facing resistance near the $160 mark. Upon closer examination of the 4-hour chart of the SOL/USD pair, it is evident that there is
The cryptocurrency market is currently experiencing a bearish trend, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all being affected. Specifically looking at AVAX, the price is currently on a strong bearish move below the 100-day Moving Average (MA), indicating a downward trend that may persist for some time before any potential
Presently, Ethereum is consolidating above the crucial support level of $3,450. The price has managed to stay above $3,500 and is also above the 100-hourly Simple Moving Average. However, a new bearish trend line seems to be forming with resistance at $3,550 on the hourly chart of ETH/USD. Despite attempting an increase above the $3,550
XRP has recently seen a significant number of liquidations within a 24-hour period, causing a stir in the XRP community. Data from Coinglass reveals that a total of $1.32 million has been liquidated from the XRP market, with the majority of these liquidations coming from long positions amounting to $1.04 million. This influx of liquidations
BNB price is currently attempting a fresh increase from the $575 zone, displaying a gain of over 5%. The bulls are showing signs of strength as they aim for a move above $620. This positive movement comes after the price found support near the $575 zone, leading to an upward trend. The price is now
Bitcoin’s price recently failed to settle above the $72,000 resistance level. The cryptocurrency corrected gains and is now moving lower towards the $67,500 support zone. The price struggled to clear the $72,000 and $72,500 resistance levels, trading below $70,000 and the 100 hourly Simple Moving Average. There was a break below a major bullish trend
Bitcoin’s price has been making significant moves in the market recently, with the digital currency surpassing key resistance levels like $71,200. This upward momentum has investors and traders watching closely as BTC shows positive signs of further gains. One of the key indicators of Bitcoin’s potential for an extended rally is the formation of a
When looking at the price predictions provided by crypto expert Ash Crypto for Bitcoin (BTC), it is evident that the range of $100,000 to $250,000 by 2025 is in line with other industry analysts, such as Anthony Scaramucci. However, there are conflicting opinions within the crypto community, with some experts suggesting that Bitcoin could reach
Brad Garlinghouse, the Chief Executive Officer of Ripple, has made a bold forecast regarding the future of the cryptocurrency industry. In a recent interview with CNBC, Garlinghouse shocked the audience by predicting a massive shift in the market. He envisions the total market capitalization of cryptocurrencies reaching $5 trillion by the end of 2024. Ambitious
