Bitcoin Short-Term Balances Surge – Relief Rally Or Something Bigger?
Bitcoin is trading slightly above $95,000 as the new week kicks off with rising expectations. After months of volatility and uncertainty, BTC has started to show signs of strength, breaking above the critical $90K mark — a major pivot zone for market sentiment. Bulls are now in short-term control, fueling hopes for a larger recovery […]
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Ethereum has continued seeing lackluster price action while Bitcoin rallies past its critical short-term resistance The crypto is on the cusp of flipping its $390 resistance, however, which could give it freedom to rally significantly higher in the short-term One trader is now noting that a surge up towards $432 could be in the cards if ETH can break above its short-term resistance level This would be a significant rally that potentially puts a firm […]
LINK, the native token of Chainlink, is beginning to recover after seeing a major drop against Bitcoin. The price of LINK, the native cryptocurrency of Chainlink, has increased by 10% in the past three days with the recovery coming despite a “death cross” on the LINK/BTC chart.Josh Olszewicz, a cryptocurrency trader and technical analyst, said the LINK/BTC chart encountered its first death cross since 2018.What is the death cross and why is LINK seeing a relief rally?In technical analysis, the term death cross is a candle chart formation that occurs typically before a large selloff. It....
Ethereum‘s performance in the ongoing bull cycle is being considered sluggish compared to other past bull market cycles, where the second largest crypto asset witnessed significant growth within the timeframe. Nonetheless, ETH appears to be regaining upward momentum, showing the potential for a short-term rebound. An Impending Short-Term Surge For Ethereum Rebound hopes for Ethereum […]
If you’re following the headlines, then it’s not tricky to see that even European leaders think Europe is on the brink of collapse! Greece will receive the short-term debt relief from the Eurozone creditors it desperately need to stay afloat after a meeting of 19 European finance ministers in Brussels on Monday. But, how far will the relief stretch? The ministers offered to help the cash-poor Greek government, though not each European nation, nor the IMF, was on board. Greece’s repayments, nevertheless, will be restructured to take place over a longer period of time and an interest rate....
The price of Bitcoin has surpassed $23,000, and analysts predict where BTC is headed next after a significant rally. Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.There are compelling arguments for both short-term bull and bear cases. Traders who are highly optimistic in the near term state that the surge past $20,000 has confirmed a new bull trend. With no....