ALSO: Graphics chip manufacturer Nvidia's powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company's sales because of their usefulness in artificial intelligence technology.
Source AsiaBitcoincontinuesDebtHoldingLawmakersLimitMoverNegotiationsPatternProgress Read More
Ether (ETH) also remained in its two-week range, changing hands at $1,850, up roughly 1.6% over 24 hours. Most other major cryptos were in positive territory, albeit not by much, with APT and SOL, the native tokens of the Solana and Aptos smart contracts platforms, recently rising 3.8% and 2.1%, 27.2KBitcoinBTCClimbsContinueDebtHoldingInvestorsLimitPatternPriceRemainsVigil Read More
"High timeframe trend metrics remain firmly bullish, a near-term [bearish] reversal chart pattern has emerged. Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs," Valkyrie's analysts, led by chief investment officer Steven McClurg, AheadBitcoinBTCChalksdataInvestmentsJobsPatternShouldersU.SValkyrie Read More
Some analysts recently weighed in on Bitcoin price prediction as the prominent token appears set to embark on another rally.
Bitcoin (BTC) price prediction sees some analysts argue that the leading digital currency could hit $100,000. As it stands, BTC has found support at the $24,000 threshold after climbing from AnalystBumpCryptoHitPatternPriceReversalRun Read More
"If judges turn more favorable, then there is the chance that GBTC Trust shares can be converted into an ETF. In that case, the discount in GBTC shares relative to the fund's net asset value could be quickly arbitraged away, and that's why GBTC shares are rallying now," Markus Thielen, AnalystBitcoinBullishChartFormGrayscalePatternSharesTechnicalTrust Read More
The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event.
Source Bitcoin039sCallCautionCrossDeathPatternWeekly Read More
In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said.
Source bearishBitcoinCapitalElliottPatternQCPRallyStuckWave Read More
Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern.What is an ascending triangle pattern?As the name indicates, an ascending triangle on a chart forms when the price consolidates between a rising trendline support and a horizontal trendline resistance.The AscendingPatternTradeTriangle Read More
Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650.
Ethereum is showing positive signs above the $1,620 and $1,600 levels.
The price is now trading above $1,600 and the 100 hourly simple moving average.
There is a key bullish flag BullishContinuationEthereumFormsPatternPriceRally Read More
In the wake of FTX’s collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust bearishBinanceCoinFormsFundamentalsPatternStrong Read More