Bulls snatch back control as volume spike places Bitcoin price above $18.5K
A swift recovery from Bitcoin and altcoins are signals that BTC may have bottomed at $17,650. Bitcoin's (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief that retail and institutional investors are keen to purchase every BTC dip. Although the possibility of another drop remains, three factors point toward a Bitcoin bottom at $17,650. The factors are, whale deposits hitting a peak, BTC posting a quick recovery, and trading....
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The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing trend in the XRP price chart. If this continues, then the future of XRP, at least in the short term, has become even more uncertain, with bears fighting for more control. 4 Green Daily Closes Fall to Nothing After suffering a crash along with the rest of the crypto market, the XRP price had faced a recovery that seemed to have put it right back on track to rally....
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Data suggests users on Binance responded to the Ethereum exchange-traded fund (ETF) news by aggressively longing the cryptocurrency. Ethereum Net Taker Volume On Binance Has Just Seen Its Biggest Candle Ever As explained by CryptoQuant community manager Maartunn in a post on X, the Ethereum Net Taker Volume has observed a sharp increase after rumors have surfaced that the ETH spot ETFs have a renewed chance of gaining approval. The “Net Taker Volume” here refers to an indicator that keeps track of the difference between the ETH taker buy and taker sell volumes on any given....
Last week, Litecoin price saw a spike down from around the 1.60 area down to parity (1.00), which is a new low on the year. The 1H chart shows that after the spike price essentially rebounded back to 1.60 but started drifting lower again. Litecoin (LTCUSD) 1H Chart April 13. Overall, the price action in litecoin has remained the same - bearish with low volatility. 1) The 200-, 100-, and 50-hour SMAs are sloping down and in bearish alignment, with price trading under all 3. 2) The RSI has held under 60 after tagging 30, reflecting maintenance of the bearish momentum. When there is a spike....