Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in
Read More
Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average in focus for July closeData from Cryptox Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30.The pair had benefitted from macro tailwinds
Read More
On-chain data shows the Bitcoin puell multiple has started to leave the “buy” zone, a sign that the crypto may be heading towards bullish momentum. Bitcoin Puell Multiple Has Gone Up In Value During Recent Days As pointed out by an analyst in a CryptoQuant post, the BTC puell multiple is currently
Read More
“Now that we have clear digital asset definitions established, a milestone that many governments have still failed to achieve, we can move forward. The zone can quickly pass thorough and comprehensive frameworks for the regulation of DAOs, stablecoins and other facets of the Web3 space that are currently poorly defined
Read More
Ethereum dived towards $1,000 before it found support against the US Dollar. ETH is now correcting higher and facing a key hurdle near USD 1,125. Ethereum extended decline towards $1,000 before it found support. The price is now trading above $1,080 and the 100 hourly simple moving average. There was a break above
Read More
Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewS&P 500 sees second best week of 2022Data from Cryptox Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended
Read More
Ethereum's native token Ether (ETH) entered its "oversold" territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it.
Read More
The crypto market is retesting critical support areas as the U.S. Consumer Price Index (CPI) print surpasses expectations. The metric is used to measure inflation in the U.S. dollar, and it recorded an 8.6% increase year-over-year (YoY), the highest since 1981. Related Reading | TA: Bitcoin Bears Keep Pushing, Why BTC Could
Read More
The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. For example, the 14-day relative strength index (RSI) returned above the 50 neutral mark Monday after reaching extreme oversold levels on May 9. Source
Read More
Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost "overbought."Monero price RSI meets rising wedgeDownside risks have been mounting due to XMR's relative strength index (RSI), which almost hit 70 this May 23, indicating that
Read More