Bitcoin Revisits $13.5K After Posting Best Month Since April
After October's double-digit price gain, bitcoin may be looking at a short-term pullback.
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Dogecoin posting over 14,000% gains in a year could be a sign of the rise of retail investors in the crypto market, but will the price go up even further? Dogecoin (DOGE) has been the talk of the crypto town in the month of April. On the first day of the month, it was trading in its usual $0.05 range. On April Fools’ day, Tesla CEO Elon Musk tweeted about the coin yet again. His tweet read, “SpaceX is going to put a literal Dogecoin on the literal moon” — SpaceX being the aerospace company that Musk also founded. Although the tweet was intended as a joke, it set the Shiba Inu-themed meme....
Reddit seems to be working on building an NFT marketplace platform. A job posting made to look for new team members shows they envision and focus on creating “the largest creator economy on the internet”. Reddit made a job posting for a Senior Backend Engineer to build an NFT platform of their own. They are […]
Bitcoin’s decline in the last week of April has been felt around the market but altcoins have taken the biggest hit of all. More specifically, Small Cap altcoins have been on the receiving end of this decline. Even as the end of the month draws to a close, these altcoins have yet to get a reprieve from this decline. However, the month of May could prove to be better for these small market cap coins given that recoveries tend to come after the worst declines. Small Cap Altcoins Take The Heat All of the indexes have had a bad month in April but the Small Cap Index has suffered the most of....
Bitcoin's last six monthly candles have closed green, tying its previous record streak for bullish monthly candles. Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.BTC/USD since 2012, 1m candles:....
With Bitcoin’s relative-strength indicator slumping to levels not seen since the March 2020’s Black Thursday crash, Raoul Pal asserts BTC is overdue for a bounce. Investment strategist Raoul Pal has identified that Bitcoin’s fortnightly relative-strength indicator, or RSI, recently fell to levels not seen since the “Black Thursday” crash of March 2020. The Global Macro Investor and Real Vision Group CEO also noted Bitcoin’s weekly RSI has crashed to levels comparable to that of the corrections produced during “the first part of the 2017 bull run, before Bitcoin hit hyperspace.”The....