Bitcoin’s Recovery Signals The Start Of A Bull, But Is The Bottom Really In?
The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. […]
Related News
Amid falling crypto prices, seasoned crypto analyst, Jamie Coutts has words of reassurance for crypto supporters worldwide. And he’s backed them up with some compelling evidence. If he’s correct, here are 4 hot tokens that could soar. Signals of a Breakout Coutts took to X to share various signals suggesting that the crypto market is bottoming out and, therefore, primed for the next bull run. This month’s crypto flush resulted in the highest 365-day new low (NL) reading since mid-2024. While not a definitive bottom signal, it suggests a bottom is forming. Focus on assets....
Since Bitcoin reclaimed the $90K level on Tuesday, market sentiment has started to shift dramatically. After weeks of uncertainty and sideways movement, Bitcoin’s strong price recovery is bringing a wave of optimism back into the crypto space. Price action is signaling the potential start of a major recovery rally, with bulls gaining momentum and eyeing […]
Bitcoin (BTC) has entered a critical phase in its cycle, prompting analysts to debate whether the long-standing bull run is finally nearing its peak. With volatility tightening and historical cycle data indicating a potentially explosive breakout, market experts are closely watching the next few weeks for signals that reveal the market’s current position and future direction. Bitcoin Bull Run Cycle Nears Endgame Market analyst, ‘CRYPTOBIRD’ has warned that the Bitcoin bull run could end within 30 days. In a thread on X social media, he noted that this current cycle has now reached....
The elusive relief rally that BTC and ETH traders expected has arrived, but will the market sustain enough bullish momentum to catalyze a trend change? After creating the dubious record of nine successive red weekly closes, Bitcoin (BTC) is attempting to make amends by starting a price recovery to end the losing streak. Analysts have repeatedly said that investors should not fear a bear market because it is one of the best times to invest in fundamentally strong projects in preparation for the next bull phase. CryptoQuant CEO Ki Young Ju highlighted that unspent transaction outputs (UTXOs)....
The XRP price fell as low as $2.0238 on Monday, potentially forming a local bottom. Since then, the XRP price is up almost 6%, however, the possibility of a deeper retracement remains. Two prominent chartists—CasiTrades (@CasiTrades) and Charting Guy (@ChartingGuy)—have shared their perspectives on whether the token has found its local bottom or if further downside might still be on the table. Is The XRP Price Bottom In? According to CasiTrades’ newly published chart, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is now showing bullish divergences across multiple....