Potential Island Reversal Leaves Bitcoin Bulls Stranded
Months ago when Bitcoin price made it through $13,000 top analysts said “the train has left the station,” and they were right. Or maybe a rocketship would have been a better analogy. The cryptocurrency took off and has yet to refuel, until now. With momentum waning, bears have staged an “island reversal” that could push […]
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Ethereum is trading at a critical juncture as broader market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market cap is attempting to solidify a bottom. Currently, ETH remains stuck in a tight range between $1,750 and $1,850—a zone that could soon determine its next major move. Bulls are in control of the short-term price action, but a breakout above resistance is essential to confirm a true trend reversal. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Daan shared a....
According to reports, there’s a 32 million square-foot island located in Vanuatu that’s in the midst of being constructed into a crypto-centric residential community by the island’s owners: Satoshi Island Holdings Limited. So far, more than 50,000 individuals have applied to live on Satoshi Island, and land rights will be minted in the form of non-fungible token (NFT) assets. After Construction Completes, Satoshi Island Aims to Be the ‘Crypto Capital of the World’ There’s an island located in Vanuatu, between Australia and Fiji, that’s....
Bitcoin price is back now at the mid $30,000 range after a quick plunge below $30,000 support this week. The short lived dip below support finally resulted in a worthwhile bounce, leaving behind a reversal signal that in the past has had god-like results. If crypto bulls can hold at current prices by the time the […]
Bitcoin price is now up $6,000 from yesterday’s low in a flash. A long wick below support is now left behind, forming a Japanese candlestick formation called a dragonfly doji. With a large follow through by crypto bulls already, a daily close above $36,000 could leave a reversal pattern behind on the charts. But to […]
Jersey Island is welcoming to Bitcoin. Jersey, an autonomous island of the UK, is a well established "tax haven" and besides tourism the island's economy is driven by financial services. This has lead to an increasingly affluent people on the cutting edge of financial and technological innovation. Naturally the island wants to secure its future in the emerging world of digital currency. A local campaign group, bit.coin.je, has recently been set up to pursue Bitcoin understanding and adoption on the island. The group is an alliance of Jersey-based businesses and entrepreneurs who foresee....