Bitcoin Eyes $96K Resistance As STH Take Profits – Can Demand Hold Up?
Bitcoin is currently trading above $93,000, showing strength after weeks of volatility and consolidation. The latest breakout suggests bulls are gaining control, with momentum leaning toward a continued push higher. However, macroeconomic uncertainty continues to cloud market sentiment, with analysts split on what’s next. Some believe this marks the beginning of a recovery phase, while […]
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Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe. Kusama (KSM) price aims to break above 50 EMA in the 4H timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Aave (AAVE)....
Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support. Avax Weekly Chart Analysis The weekly chart for Avax shows a downtrend reversal to a low of $16.3, where buyers were more willing to step into the market. The chart shows the price of Avax needs to break and....
Bitcoin price is moving inside a symmetrical triangle consolidation pattern and is on track towards testing the resistance. The 100 SMA is below the longer-term 200 SMA, confirming that the path of least resistance is to the downside and that the triangle resistance near $450 is likely to hold. In addition, the 200 SMA lines up with the top of the triangle as a dynamic resistance level. For now, price is encountering some resistance at the 100 SMA and if this holds, another test of the support could take place. Stronger selling momentum might even trigger a downside breakout. Stochastic....
Since yesterday’s price analysis article Bitcoin has broken through 4th resistance but has retraced to test that arc’s support again. As I type these words that support is still holding. Truth be told, for reasons I have repeated a few times in the past several days, my cautious expectation is that the support will hold. The next targets are the top of the square at $790, and the 5th arc at $850. The blue dotted line represents a cycle of 90 degrees of earth spin. You may note that there are 2 such cycles since the May low to the next line on 11/14/2016. 180 degrees (1/2 a year) will have....
While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with PMs accounting for roughly 86.7% of the Royal Mint’s revenue. Royal Mint Prints Record Profits During Last 12 Months Precious metals demand has skyrocketed, according to the recent annual profits accrued by the Royal Mint over the last 12 months. The official coinage supplier of the United....