Bitcoin’s Shorter-Term Pain Is Long Term Gain? Why BTC Could See Green Days
Bitcoin has seen some gains in the past 24 hours as bulls seem to be making a stronger push. However, funding rates across exchange platforms remain negative indicating a high bearish sentiment, at least, in the derivatives sector. At the time of writing, BTC trades at $32,236 with an 8.4% profit daily and a 2.7% loss in the weekly chart. QCP Capital has recorded a “roller-coaster” like price action as Bitcoin dropped from its current levels below $30,000 on the weekend only to return to its past weekly open. This period saw a rise in Bitcoin inflows to exchange platforms.....
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After a few days of tight consolidation, dogecoin price indicated further upside after breaking to the top of its range on the short-term chart. Looking at the 4-hour dogecoin price chart against bitcoin from Hitbtc shows that this pair might gain upward momentum. Dogecoin made a strong bullish candle in the recent sessions, even breaking above the longer-term moving average (green). Candlesticks closing above the long-term EMA might be an early signal of a trend reversal, but for now the shorter-term EMA is treading lower and suggesting that the downtrend could carry on. The 100 EMA has....
On-chain data shows the Bitcoin long-term holders are now holding more underwater supply than even the lowest point of the 2022 bear market. Bitcoin Long-Term Holders In Deepest Pain Since COVID Crash As highlighted by Glassnode lead research analyst CryptoVizArt in an X post, the Bitcoin long-term holders have seen a spike in loss supply […]
Dogecoin price still continues to consolidate on its shorter-term time frames but zooming out to the longer-term chart reveals a downside bias. Looking at the daily chart of DOGE/BTC from Hitbtc shows that technical indicators also support a move lower for the dogecoin cryptocurrency against bitcoin: Price has been forming lower highs, reflecting a gradual buildup in selling pressure. Dogecoin price has also formed lower lows, which means that sellers are still trying to push the pair lower. Stochastic is moving between 60 to 40, just coming off the overbought area and indicating that....
Nigel Green, CEO of one of the world’s leading financial institutions, has predicted that Ethereum will exceed Bitcoin in the long term. The CEO who has always been a crypto advocate sees the second leading cryptocurrency outpacing the pioneering crypto in the future. Green said Ethereum had already outperformed bitcoin for the year. Quoting percentages […]
The Spring has ended with Bitcoin exiting a flat, which has been there for more six months. Will that cause a continued long-term growth, or was it a false breakthrough? The long-term upward trend is continuing. After fortifying at the top limit of the long-term flat, Bitcoin’s price underwent a powerful upward impulse. Such movements usually appear when one of the development scenarios becomes unrealistic. A turn was needed around $450, in order for the long-term flat to continue. In that case, Bitcoin’s price would fall to the bottom limit of the flat, around $360-90. A turn to decline....