XRP Price Breaks Above ‘Magic Line’ With Bullish Continuation Toward $3
The XRP price is breaking down once again after a week of upward movement triggered by Bitcoin’s price above $90,000. This move has solidified support for the digital asset above $2, which continues to serve as a launch point for possible price increases. However, this is not the only bullish development that has come out […]
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Bitcoin price continues to struggle to regain any type of bullish momentum, and keeps grinding at repeatedly tested support. In the past, when this happens, the support ultimately breaks down and a cascade of liquidations begin. However, there’s a bullish signal brewing that is thus far the best hope for further continuation to the upside. […]
Since January 31, Bitcoin (BTC) has experienced a significant correction, with the leading cryptocurrency plummeting as much as 27.52%. Currently valued around $79,000, Bitcoin’s price is precariously balanced above a crucial support level dubbed as “the magic line,” which is set at $74,000, pivotal in determining the market’s trajectory—bullish or bearish. A Historical Buffer Against Bear Markets In a recent social media post on X (formerly Twitter), market expert Doctor Profit emphasized that “the magic line” placed at $74,000 in his analysis is not just a number....
Bitcoin price continued to rise yesterday scoring a high of $244. The pattern of the new bullish wave has been established as we explained during our yesterday's "intraday tips" article. By analyzing the 1 day Bitfinex (BTC/USD) charts and plotting the RSI and the 20 day EMA accordingly (look at the below chart), we can conclude the following: The current bullish trend can be viewed as a continuation of the bullish wave that started on the 15th of January, if we consider that the first bullish rally had been halted by a price correction wave that triggered sideways movements for a few....
The XRP price has been one of the best altcoin performers over the last few months, going from below $0.6 to over $2.8 in this time period. Nevertheless, like the rest of the crypto market, the altcoin recently succumbed to bearish pressure, pushing it back toward $2. Despite this, the XRP price has continued to show strength, and recent developments on the altcoin’s chart show that the bullish momentum is far from over. XRP Price Shows Bullish Continuation So far, the XRP price has been ranging in a tight channel as bulls have maintained a tight hold on the $2 support. A crypto analyst on....
Blocks are the data structures Bitcoin uses to permanently record data. This is common knowledge known by the initiated and in previous articles we've covered information related to these data structures. The block chain, isn't really a chain at all. Well, logically there is a chain but it might not be what you first expect. This article breaks down the structure of a block and provides insight to the moving parts "under the hood." Hopefully, by the end, some of the underlying technology is to understand. Also read: Bitcoin Transactions for Mere Mortals. Bitcoin for Mere Mortals: Block....