Bitcoin faces growing bearish pressure as 10-year U.S. Treasury yields rise, diverting investor interest. Historically, higher Treasury yields reduce the appeal of riskier assets like BTC, as they make traditional investments more rewarding. The recent yield surge has raised concerns, pushing Bitcoin prices lower.As borrowing costs climb, Bitcoin’s role as an inflation hedge loses traction, […]
The Tezos market continues to show impressive bullish strength even at a time when the crypto market isn’t doing so well. Consequently, this token has seen a price increase of 5.81%. Technically, the upside retracement at this point shows that the market has a fair upside chance in subsequent sessions. XTZ Statistics: XTZ Price: $1.302 […]
Market Analysis – December 21 USOIL has undergone a notable shift in market structure after forming a major high at the 87.60 price level. A bearish trend emerged as the price consistently created lower lows, culminating in a daily bearish break of structure. This critical shift has solidified a long-term bearish outlook, reshaping sentiment and […]
Market Analysis – December 21 Gold has maintained a strong bullish trajectory since forming a significant low in early October 2023. This uptrend has driven prices through multiple resistance levels. Notably, the price surged past the critical demand level at $2,228.10, showcasing robust bullish momentum. Gold Key Levels Demand Zones: 2228.10, 2071.70, 1806.10Supply Zones: 2464.20, […]
Sponge market’s bearish momentum vanished SPONGEUSDT Price Analysis – 23 December If the Bulls maintain their zeal, SPONGE may be able to break through the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels. SPONGE/USDT Market Key levels: Resistance levels: $0.000196, $0.000330, $0.000402 Support levels: $0.000136, $0.000081, $0.000006 SPONGEUSDT Medium-term Trend: […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: Ranging The EUR/JPY currency pair is correcting upward within its defined range. Since August 5, the Yen has remained between levels 156.00 and 166.00. Today, the Yen broke above the moving average lines and achieved a high […]
EURUSD bounces up at $1.03 EURUSD Price Analysis – 23 December If buyers can break through the resistance level at $1.06., they might be able to push the price up to the $1.07 and $1.08 barrier levels. If sellers can hold the price below the $1.05 barrier, prices may decrease below the support levels of […]
Downward phase may persist in POL market POL (ex-MATIC) Price Analysis – 23 December POL (ex-MATIC) might be able to move on to the $0.74 and $0.77 difficulty levels. If sellers can muster some strength, the market may be able to break below the $0.65 support level and expose itself to the $0.60 and $0.52 […]
Bearish pressure increases in SHIB market Shiba Inu (SHIB) Price Analysis: 23 December If buyers can push the price over the $0.000023 level, SHIB might be able to break through the resistance levels of $0.000026 and $0.000028, respectively. If sellers are successful in holding the currency, the price may drop below $0.000021 and try to […]
