Cryptocurrency Analysis and News Portal
If history is a guide, the path of least resistance appears to be on the higher side. That said, litecoin and the broader crypto market remain vulnerable to adverse macroeconomic developments like liquidity tightening and the state of the global economy. Source
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The BTI indicator, which measures the directional momentum and strength in bitcoin's price, flipped from bullish to neutral on Thursday. The indicator consistently signaled an uptrend since Jan. 13, barring the brief red flash (downtrend signal) in mid-March and the neutral reading on April 24. Source
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You might not have heard of the reserve risk multiple, but right now, it's signaling a continued bitcoin price rally in months ahead. Source
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"We are excited to offer the Bitcoin Trend Indicator, which has been rigorously researched and constructed," Andy Baehr, CFA, managing director at CryptoX Indices, said in a press release. "We designed the BTI to help identify trends in the price of bitcoin, assisting asset managers to create new dynamic products,
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Banking sector stress strengthens the case for Fed pause next week. Likely beneficiaries from the financial stress are gold and bitcoin, one observer said. Source
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Bitcoin Mining: A Positive or Negative Indicator for the Future of Crypto? Source
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Bitcoin has seen little to no action in its first two days of 2023; the cryptocurrency is bound for a spike in volatility, but in which direction? After experiencing months of downside pressure, there seems to be no room for further losses. As of this writing, Bitcoin trades at $16,700
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"History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500]," Delphi's strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. "Over the past five years, all major price reversals in BTC have preceded those in
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MATIC price is currently undergoing a correction. Over the last 24 hours, the coin has lost more than 4% of its market value. Signs on the chart currently suggest that MATIC is going to remain in the correction territory for some time. All the gains that Polygon (MATIC) secured in the
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The downfall of FTX has also left its mark on the Ethereum (ETH) price. Over the last 30 days, Ether has recorded a drop of around 20%. At press time, the price was at $1,171, just above the crucial support level of $1,100. In the short term, the ETH price has found
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