BTCUSD Is Traversing the $35,000 Resistance Level BTCUSD is traversing just below the $35,000 resistance level, marking a significant juncture in its recent price trajectory. In just over two weeks, we’ve witnessed an astounding surge in the BTC market. This rally kick-started by a breakthrough from beneath the $28,000 resistance, which ultimately unleashed the bullish […]
Bitcoin surged past the $30,000 mark amidst positive market indicators and analyst insights. CredibleCrypto, a crypto analyst, observed the situation and questioned the significance of a monthly close above $32,000, considering potential resistance at higher levels like $35,000 or $37,000. Current CoinGecko data shows Bitcoin’s price at over $30,500, with a 24-hour trading volume of […]
BTCUSD Violates $28,000 and Could Rally to $30,000 Bitcoin has successfully broken through the significant resistance level of $28,000, marking a notable achievement after several attempts. This breakthrough was achieved yesterday, propelling the price to $30,000 before experiencing a corrective pullback to $28,000. Current market indicators suggest that Bitcoin may continue its upward trajectory, potentially […]
BTCUSD Pumps Further Upward Towards the $30,000 Mark BTCUSD pumps by more than 7% to reach the $30,000 significant level. The market has been displaying bullish tendencies since it jerked off the $25,000 support level. This is an emulation of previous trends that occurred in November 2015 and 2019, just before the Bitcoin halving events. […]
Market Analysis – October 17 Nasdaq (NAS100) bears look to sustain their attack following a reversal. The NAS100 market is currently witnessing a resurgence in bearish strength. This tells us that the upcoming sessions could favor further sell-side movements. The recent trade that led to the market reaching the 15332.90 significant level served as a […]
Bitcoin’s recent uptick in whale activity sparks optimism, thereby indicating a growing trend. This surge aligns with smaller investors moving up, showcasing a broadening interest in cryptocurrency. According to Glassnode data, whales sent about 21,000 BTC to exchanges within 48 hours. This coincided with a market rally that pushed Bitcoin above $26,000. Check out for […]
Market Analysis – October 14 USOil (WTI) price shows signs of resurgence as buyers take control. The US oil market has witnessed a notable shift in momentum as buyers stage a late-week rally. Just a few weeks ago, it was the bears who seemed to hold sway over the oil market. Expectations were running […]
EURCHF Market Analysis – October 12 EURCHF price continues to plummet after a swing high was established in mid-June 2022. The price has been following a bearish trend line, indicating a downward trajectory. EURCHF Key Levels Demand Levels: 0.95200, 0.94000, 0.93200 Supply Levels: 0.96800, 0.98400, 1.00600 EURCHF Long-Term Trend: Bearish Following the creation of a […]
Transforming Challenges into Opportunities: Bitcoin Miners and Renewable Energy Bitcoin mining has long been criticized for its significant electricity consumption and carbon footprint due to the energy-intensive proof-of-work (PoW) method it employs. However, a recent study conducted by researchers Juan Ignacio Ibañez and Alexander Freier presents an intriguing outlook on this matter. Their findings suggest […]
