Bitcoin’s Retrace Could Inject Fuel into the Altcoin Market, Igniting a Rally
Bitcoin is currently in the process of retracing following a rejection at highs of $14,100 that were set this past week. Although bulls had found stability around $13,800 following the rally to these highs, they have not been able to guard against massive inflows of selling pressure that has come about throughout the past few […]
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Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will […]
Crypto stocks in the United States witnessed a notable uptick in pre-market trading as Bitcoin surged to its highest level since May 2022. BTC crossed the $36,000 mark for the first time in approximately 18 months on Thursday, igniting a bullish wave that extended to publicly-traded companies with significant exposure to the crypto market, including […]
All the way up until around mid-2020, Chainlink was the hottest crypto token around. But once Bitcoin broke above $10,000 months ago, the altcoin’s uptrend against the top cryptocurrency was broken. Following a full 50% retrace of the rally against BTC, Chainlink is now “ready to continue,” according to one crypto analyst. Here’s what that […]
Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial level as support. Some analysts believe the cryptocurrency is preparing for a massive rally in the coming months. Related Reading: SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds ADA Holds Key Support Zone Following Thursday’s market rally, Cardano has seen its price retrace 4% in the last 24 hours, failing to reclaim the range high for the second time over the past week. The altcoin has been trading between $0.72-$0.96 since July, hitting a local....
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.