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 […]
BTCUSD Is Poised to Rise Above $28,000 Following a Historical Trend The market appears primed to replicate a historical pattern characterized by significant bullish momentum, observed in November before Bitcoin halving events. Similar occurrences transpired in 2015 and 2019. Presently, on the daily chart, the market is trading slightly above the 75-period Moving Average (MA), […]
In the fast-paced world of blockchain development, daily active developers are the lifeblood of innovation and progress. These passionate individuals, dedicated to shaping the crypto ecosystem, contribute their skills and expertise to various blockchain projects. The number of daily active developers is a key indicator of a blockchain’s vitality, and in this article, we’ll explore […]
SEC’s potential Bitcoin ETF approval spurs $17.7t institutional influx hopes. Anticipating a seismic shift in Bitcoin’s trajectory, former BlackRock executive Steven Schoenfield foresees a colossal influx of $17.7 trillion from institutional investors once the Security and Exchange Commission approves spot Bitcoin ETFs. Despite skeptics, optimism persists, with insiders projecting probable approval within the next three […]
BTCUSD Struggles to Rise Beyond $28,000 Bitcoin (BTCUSD) is struggling against a formidable challenge in surmounting the $28,000 resistance threshold. Bitcoin has recently achieved a degree of liberation by breaching the longstanding descending trendline that had constrained it for an extended period. It aims to navigate multiple resistance levels to reclaim its previous pinnacle. BTC/USD […]
