Impressive Rally Puts Bitcoin Above $24,000, But Is $28,000 Still Possible?
Bitcoin has rallied once more above $24,000. This impressive rally follows an intense week where the FOMC’s announcement has basically shown that the United States is now in a recession. Investors had flocked to the bitcoin off the back of the news, causing the digital asset to surge immensely during this time. As the digital asset has beat one important technical level, it remains to see if it can beat another. Accumulation Triggers Rally There are a lot of factors that usually trigger a rally, such as the one that has sent the price of bitcoin soaring high. One of those has been a....
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Binance Coin is now the fourth-largest cryptocurrency by market capitalization with the price approaching the $200 mark. Binance Coin (BNB) has seen its second major rally in February, culminating in a new all-time high of $195 after the token price added over $80 in the last 24-hour trading period.Thursday’s 42% rally now means BNB is up more than four-fold in February alone with year-to-date gains above 413%.BNB/BTC Price Chart. Source: TradingViewThe current price rally has taken BNB to the fourth spot on the crypto market capitalization rankings according to CoinMarketCap. However,....
XRP has surged past the $1.62 level, placing it less than 5% away from the crucial $2 mark. This impressive rally has seen the price gain over 50% since last Tuesday, capturing the attention of both investors and analysts. The bullish momentum suggests the price could continue its upward trajectory, fueled by growing optimism and […]
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 […]
Solana (SOL) has been making waves in the cryptocurrency market with an impressive price performance since the beginning of 2023. The digital currency has recorded a staggering 195% increase in its value during this period, leaving traders and investors eager to know whether this rally can be sustained in the months to come. From its humble beginnings at $9.97, the price of SOL has rapidly ascended to nearly $30 in the span of just 10 months. At the time of writing, SOL is valued at $30.72 at CoinGecko, boasting impressive 24-hour gains of 3.6% and an astonishing seven-day rally of 38.9%.....
Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the […]