What April Could Mean For XRP: Past Patterns And Key Price Catalysts To Watch
XRP began April sitting above the key support level at about $1.30, yet the token remains well below where it opened the year. Historically, however, April has been one of altcoin’s strongest months, and a mix of on-chain data and a potentially decisive legislative event this month could result in a new turnaround. What Past Aprils Say About This Year’s Odds Market analyst Sam Daodu laid out the historical performance in a new report, noting that since 2014 April has produced an average return of 24.8% for XRP. On that metric, a rally of similar size from the current level near $1.34....
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Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary focus was a tight range, and a strategy that involved using some scalp breakout targets to take advantage of that range. We noted that given recent action (volatile, but only short term, and only on the smaller time frames) we would likely need to maintain this type of scalp strategy for the foreseeable future – at least until things picked up fundamentally. We haven’t really had any major fundamental catalysts as late, and this has translated to some....
There have been a few fundamental catalysts that have added strength to bitcoin this week, and these are likely to slow down over the weekend. After a solid week of gains in the bitcoin price, we are seeing some choppy action come about as we head into the weekend. This isn’t necessarily a bad thing – the opportunity to get in on some volatility means we can pick up a decent entry – but it makes things a little more complicated than the step up approach we have been using for the past few days. There have been a few fundamental catalysts that have added strength to bitcoin this week, and....
Bloomberg senior strategist Mike McGlone has renewed a stark prediction for Bitcoin (BTC), arguing that the market’s leading cryptocurrency could resume a prolonged decline that takes it back toward $10,000. Why McGlone Sees Bitcoin Heading Back To $10K In a Thursday post on social media platform X (previously Twitter), McGlone framed the $10,000 level as a long-standing reference point for Bitcoin: it was a common trading price before the 2020–21 rally and has been among the most frequently traded levels since futures began trading in 2017. McGlone’s view, which he describes....
Bitcoin (BTC) is showing strikingly bullish patterns as its price hovers around the $97,000 mark. Technical analysis points to a rare symmetry in Bitcoin’s price action, comparing the pioneer cryptocurrency to past trends and predicting a sharp move to new all-time highs. Bitcoin Price Action Mirrors Bullish Symmetry Patterns A detailed Bitcoin price analysis by […]
Here's what we are focusing on in today's bitcoin price watch, for the morning session on Wednesday. Sometimes it can be difficult to transfer what would be a traditional charting pattern in another, more commonly traded financial asset, to the bitcoin space. The ebbs and flows on the narrower timeframes are a lot more volatile based on the thin (relative) liquidity, and this creates all sorts of issues as far as target placement, completion and risk management is concerned. This doesn’t mean, however, it’s an impossible task. We’ve successfully brought both the head and shoulders pattern....