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Bitcoin Price Next Leg Lower Underway And At Risk for Key Reasons

[Aug 10, 2023 9:42 PM] Bitcoin price is moving lower from the $30,200 zone. BTC is signaling a fresh decline and there is a risk of a drop toward the $28,500 support. Bitcoin is struggling to remain in a positive zone above $29,200. The price is trading below $29,500 and…

PEPE Coin Makes Minor Gains With 3.5% Spike – Sign Of Recovery?

[Aug 10, 2023 8:05 AM] PEPE has emerged as a symbol of resilience in the face of uncertainty in the broader meme coin market. A timely intervention by a deep-pocketed investor, an anonymous whale, has breathed new life into the frog-themed token, giving it a shot in the…

Bitcoin Price Trims Gains But Resistance Turned Support Intact

[Aug 9, 2023 10:41 PM] Bitcoin price started a downside correction from $30,200. BTC is now trading near the previous breakout resistance at $29,400. Bitcoin is correcting gains and trading below the $29,800 level. The price is trading above $29,400 and the 100 hourly…

Cardano False Breakdown: Could It Set The Stage For A 26% Climb?

[Aug 9, 2023 4:00 PM] The recent drop in the price of Cardano (ADA) has raised concerns among investors as it breached the combined support of $0.3 and a crucial support trendline. However, a closer analysis of the daily chart reveals a twist that might offer a glimmer…

Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

[Aug 9, 2023 6:00 AM] Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising…

Why Is Bitcoin And Crypto Surging Today?

[Aug 9, 2023 12:15 AM] In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at…

Bitcoin Miners Show Accumulation Again, Bullish Sign?

[Aug 8, 2023 9:00 AM] On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price. Bitcoin Miner Reserve Has Been Trending Up Recently As pointed out by an analyst in a CryptoQuant post…

Terra Luna Token Burn Proposal Greenlit – Could $1 Be Hittable?

[Aug 8, 2023 7:40 AM] Terra Luna has seen the successful approval of community proposals 11658 and 11660, authorizing the retrieval and subsequent incineration of a total of 800 million USTC. The prevailing sentiment within the community leans towards directing these…

Is Bitcoin Mispriced? Lessons From Past Volatility Slumps

[Aug 8, 2023 1:20 AM] Since its inception, Bitcoin has (almost) always been the poster child for volatility. Yet, the Bitcoin price is hardly moving in any direction at the moment. But the latest data suggests a surprising twist in the tale. As per a recent report by…

Why Low Volatility Bitcoin Could Last A Lot Longer

[Aug 7, 2023 4:26 PM] Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action…