A Bold Wager on Bitcoin’s Future Bitcoin’s well-known proponent and Blockstream’s CEO, Adam Back, has made a daring prediction on Bitcoin’s future. He is betting one million Satoshis that Bitcoin will surpass the $100,000 mark before the 2024 halving event. Back’s wager emerged during an exchange on social media platform X, where he accepted a […]
Market Analysis – August 8 EURCHF has displayed a strong inclination to rise as it launches from the in-demand level of 0.9550. The breakout from a downward-sloping triangle resulted in a bearish displacement, leading the price to purge to the support level of 0.9550. EURCHF Key Levels: Demand Levels: 0.9550, 0.9370, 0.9300 Supply Levels: 0.9650, […]
Bulls are gathering momentum SPONGEUSDT Price Analysis – 07 August More buyers came in with more pressure by the formation of bullish candles and the price id rallying to the north, in case the bulls increase their pressure the price will rise above the resistance level of $0.000136. Key Levels: Supply level: $0.000136, $0.000196, $0.000330 […]
Market Analysis – August 8 NZDUSD has broken the bullish trendline on the daily chart, signifying a significant development in the market dynamics. The price has consistently declined since the failed breakout above 0.6370, indicating a shift in the overall sentiment. NZDUSD Key Levels Demand Zones: 0.6060, 0.6030, 0.5980 Supply Zones: 0.6220, 0.6270, 0.6300 NZDUSD […]
Sellers’ momentum increases in EURUSD market EURUSD Price Analysis – 08 August In case sellers are successful in breaking through the $1.09 support level, the price could fall much lower toward the $1.08 and $1.07 barrier levels. If buyers are able to keep the price above the $1.10 resistance level, the price may rise in […]
Bears’ momentum may fail at $0.64 level Polygon (MATICUSD) Price Analysis – 07 August Polygon must first get through the $0.70 resistance level before attempting to cross the $0.76 and $0.82 resistance levels. The market may move past the $0.64 support level and be exposed to the $0.56 and $0.49 levels if sellers are successful […]
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Further decrease of SHIB price envisaged Shiba Inu (SHIB) Price Analysis: 06 August In case buyers keep up their enthusiasm, price may break through the $0.00000985 resistance level and test the $0.0000104 and $0.00001134 levels. If bears are successful in holding the $0.00000985 level, the price of the cryptocurrency may decline below $0.00000920 and reach […]
Market Analysis – August 4th US Oil (WTI) buyers aim for a breakout above the 83.440 key zone. The buyers are focused on achieving a breakout above the significant zone at 83.440. Their determination to push for a breakthrough remains strong. While there has been progress in price, an additional effort is required to surpass […]
Market Analysis – Augustus 3rd Gold (XAUUSD) faces a potential decline below the 1938.000 market strength as bullish momentum weakens. The yellow metal had been on a bullish trajectory after a period of bearish sentiment from March to July. During this time, the market dropped from the key level of 2051.270 to the price zone […]
