Cryptocurrency Analysis and News Portal
Overall, upside momentum is improving with seasonal strength in the fourth quarter. A confirmed breakout (two consecutive daily closes) above the all-time high would yield a measured move projection toward $86,000. On the other hand, an immediate price pullback could be limited around the $53,000 support level. Source
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Bitcoin (BTC) continues to rise near $56,000, although the rally appears to be exhausted given overbought signals on the charts. The cryptocurrency is up about 14% over the past week and faces resistance between $58,000 and $60,000.The relative strength index (RSI) on the four-hour chart is declining from an overbought
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Bitcoin (BTC) has entered an initial resistance zone near $52,000 and could face a short-term pullback toward $48,000-$52,000 support. The cryptocurrency appears overbought on intraday charts after a nearly 20% increase over the past week.The last time BTC approached the $52,000 level was on Sept. 6, which preceded a sharp
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Bitcoin (BTC) is trading lower after sellers responded to resistance near $45,000. The cryptocurrency is down about 4% over the past 24 hours to $41,909 as upside momentum slows. Support is nearby at $40,000, which could stabilize the pullback.The 100-period moving average on the four-hour chart continues to cap upside
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Ripple found is facing a major resistance near $0.5000 against the US Dollar. XRP price must stay above $0.4450 to avoid another downside break in the near term. Ripple is facing an uphill task near the $0.4950 and $0.500 resistance levels against the US dollar. The price is now consolidating above $0.4500
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Bitcoin price started a downside correction from the $52,750 all-time high against the US Dollar. BTC is now approaching a couple of important supports near $50,500. Bitcoin topped near the $52,750 level and started a downside correction. The price is still well above $50,000 and the 100 hourly simple moving average. There is
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Litecoin price declined heavily below $150, but it found support near $115 against the US Dollar. LTC is currently rising, but it is likely to face a strong resistance near $150. Litecoin started a strong decline below the $165 and $150 support levels against the US Dollar. The price is rising from
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Ripple is struggling to settle above $0.5000 and slowly declining against the US Dollar. XRP price must stay
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As Tesla’s stock price soared, the EV maker has become more valuable than major traditional carmakers. Daimler was an early investor in Tesla but sold its nearly 10% stake six years ago. Toyota is another early Tesla backer that has seen its market cap dwarfed by the Elon Musk-led firm. Tesla (NASDAQ:TSLA) becoming
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The cryptocurrency known for its wild volatility, Bitcoin, has been trading sideways for several months in a tightening trading range. Historical volatility is approaching zero, for less than the tenth time in the asset’s decade long history. In the past, this low of volatility proceeds a major move and trend change.
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