Bitcoin has shown a notable recovery, approaching $42,000, with a cryptocurrency analyst (a leading analyst) predicting a forthcoming rise to $49,000. The leading cryptocurrency, Bitcoin (BTC), has staged a robust recovery following recent significant price drops. Its value is on the verge of reaching $42,000 once more, bouncing back from dipping below $39,000 earlier this […]
BTCUSD Poised to Spring Up from Support Level BTCUSD is poised to initiate an upward movement following its recent touch-down at the lower border of the parallel channel. Despite this setback, the overall market trend remains bullish, with the decline occurring after unsuccessful attempts to push the price beyond the upper border of the parallel […]
In a recent warning issued by financial firm Cantor Fitzgerald, the impending Bitcoin halving event, slated for April 2024, has sent shockwaves through the Bitcoin mining community. The halving, a deliberate reduction in the reward for mining a block of bitcoin from 6.25 to 3.125 bitcoins, aims to curtail the supply of bitcoin and enhance […]
Bitcoin, the world’s leading cryptocurrency, has recovered from a sharp dip to $38,500 triggered by the wear-off of the effect of the introduction of the first U.S. spot bitcoin ETFs two weeks ago. According to a JPMorgan research report, profit-taking by investors who had previously acquired shares of the Grayscale Bitcoin Trust (GBTC) at a […]
BTCUSD Bulges Under Bear Pressure Bitcoin (BTCUSD) bulges under the pressure exerted by sellers in the current market scenario. Despite its notable upward trajectory within a parallel channel, the coin predominantly skirts along the lower line due to persistent bearish influence, despite the overall price increase. BTCUSD Key Levels Supply Levels: $47,000, $50,000 Demand Levels: […]
Lucky Block Market Expectation: January 22 The Lucky Block market expectation is for the price to keep sliding upward using a trendline thereby increasing the pressure against the $0.0000470 level to bulge. LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart) Key Levels: Supply Zones: $0.0000880, $0.0001100, $0.0000600 Demand Zones: $0.0000470, $0.0000360, $0.0000260 The Lucky Block market can […]
Bitcoin, the world’s leading cryptocurrency, has witnessed a sharp decline, plunging below the $39,000 mark. This abrupt fall has triggered a flurry of sell-offs among short-term holders, who, faced with losses, are exiting the market in significant numbers. According to insights from Bitfinex, a prominent cryptocurrency exchange, the heightened sensitivity of short-term holders to market […]
BTCUSD Encounters a Setback, Causing a Drop Below $42,000 BTCUSD encounters a challenge as the price drops below the middle line of its channel. This comes despite a predominantly bullish trend throughout last month into this month. This poses a kind of threat to the ongoing bullish momentum. The market has exhibited a bullish nature […]
Bitcoin, the powerhouse of the cryptocurrency world, boasts a staggering market capitalization nearing $1 trillion, and spot Bitcoin ETFs could take it even higher. As a decentralized digital currency, Bitcoin operates autonomously, free from the clutches of central authorities. However, for investors looking to ride the Bitcoin wave without the hassle of direct ownership, the […]
