Bitcoin Hits Record Levels Above $41K; Massive Corrections Ahead?
Bitcoin looked to end its first official week on a strong note as its price claimed another record high this Friday. The benchmark cryptocurrency soared above $41,000 for the first time since its inception, hitting an all-time peak of $41,499 before correcting lower. Its gains appeared shortly after the European equities reported profits in early […]
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Bitcoin has become too expensive to purchase following its wild run-up above $37,500 this Thursday. But the cryptocurrency still provides attractive buying opportunities with lower risk profiles. Investment consultants at TradingShot provided a fractal-based outlook of Bitcoin’s previous parabolic move in 2017 and the price corrections that appeared during the period. They spotted buying patterns around certain technical support levels—provided by a group of moving average waves—that sent prices to new highs after each retest. […]
The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors.
Solana (SOL) has seen a massive 35% weekly surge to a new year-high of $220, closing last week above levels not since in nearly three years. As the cryptocurrency soars and whales accumulate, some market watchers suggested SOL is poised to fly to new levels soon. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs Solana Hits Three-Year High Price Solana has been one of the best-performing altcoins this bull run, seeing a massive surge in the past year. The cryptocurrency recently flipped Binance Coin (BNB) as the fourth-largest crypto by market....
Twitter interprets today’s massive price action, as bitcoin smashes through $15,000, its highest price since 2017’s record-breaking run.
Ethereum (ETH) reached levels it last tested in January 2018 as a less volatile Bitcoin kept creating upside opportunities in the $105 billion altcoin market. The second-largest cryptocurrency (by market cap) surged by roughly 10 percent on Monday to hit an intraday peak level of $1,391.82. Its rally appeared in absence of any concrete catalysts, prompting observers to call the move entirely speculative. Meanwhile, some also noted that the coin merely benefited from a lack […]