[ad_1] A trader known for calling crypto bottoms thinks Bitcoin’s (BTC) run toward $100,000 and beyond has started. Bybit’s top Master Trader Bluntz tells his 265,800 followers on the social media platform X that Bitcoin is in the midst of a five-wave surge en route to new all-time highs. The analyst uses Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally where waves one, three and five are upside moves and waves two and four are corrective periods. Says Bluntz, “The [last] BTC weekly is an absolute monster and has been up only from…
Author: dfrancis36
[ad_1] Bitcoin price extended gains above the $68,000 resistance level. BTC bulls seem to be in action, and they might aim for a move toward the $70,000 level. Bitcoin started a fresh increase above the $66,500 resistance zone. The price is trading above $66,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains and trade above the $68,800 resistance zone. Bitcoin Price Climbs Further Higher Bitcoin price remained well-supported above the $65,500 and…
[ad_1] On Sunday evening, US President Joseph Biden announced his not-so-surprising exit from the 2024 Presidential race, saying it was in “the best interest of [his] party and the country.” He also endorsed Vice President Kamala Harris’s bid to run against the popular former US President Donald Trump, the Republican candidate.Although Harris is a known political face—she ran with Biden for the Vice President post in 2020 and won—it is still being determined how the markets will react in the coming weeks. Notably, it is not confirmed whether Harris would represent Democrats in the race against Republican Trump. However, Biden’s…
[ad_1] In a move that has ignited fervent discussion across the Bitcoin community, Tesla CEO Elon Musk updated his profile picture on X (formerly Twitter) to feature the notable “laser eyes,” a meme symbolizing bullish sentiment towards BTC. This change occurred just days before the Bitcoin 2024 conference scheduled in Nashville from July 25-27, where prominent figures, including US presidential candidate Donald Trump, are slated to speak. The anticipation around the conference intensified after rumors surfaced last week, suggesting that Trump might endorse BTC as a potential reserve asset should he be elected in the upcoming November presidential elections. Dennis…
[ad_1] XRP price started a fresh increase from the $0.540 zone. The price is now rising and eyeing an upside break above the $0.600 resistance zone. XRP price started a fresh increase above the $0.580 zone. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $0.5880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gain bullish momentum if it clears the $0.60 resistance zone. XRP Price Eyes More Upsides XRP price remained stable above the $0.540 level and…
[ad_1] Solana started a fresh increase above the $175 zone. SOL price is showing signs of strength and might climb further above the $185 resistance. SOL price started a decent upward move above the $175 resistance against the US Dollar. The price is now trading above $175 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $176 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could aim for more upsides if it clears the $185 resistance level. Solana Price Eyes More Upsides Above $185 Solana price…
[ad_1] Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is moving higher above the $3,500 zone. The price is trading above $3,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $3,565 resistance zone. Ethereum Price Reclaims $3,500 Ethereum price remained in a bullish zone above the $3,350 resistance zone. ETH extended…
[ad_1] A trading bot altcoin is rallying after abruptly gaining support from the world’s largest crypto exchange platform by volume. In a new announcement, Binance says that it added support for Banana Gun (BANANA), a trading bot platform that operates across multiple blockchains, including Solana (SOL), Ethereum (ETH) as well as layer-2 protocols Base and Blast (BLAST). Binance says it attached a seed tag to BANANA, which indicates that the token has higher volatility and risks than other crypto assets listed on its platform. The crypto exchange also notes that Banana Gun will be the first project ever listed on…
[ad_1] Recently, there has been a lot of talk about Bitcoin (BTC). One well-known crypto expert, Andrew Kang, even said that Bitcoin might become a national asset. The cryptocurrency community is buzzing about this interesting idea, with people talking about how it might affect the whole world and setting crazy price goals for the crypto. From Speculation To Advocacy A lot of people are arguing about Andrew Kang’s latest research. In a highly shared post, Kang said that some leaders are talking more and more about adding Bitcoin to the treasury funds. Even though these talks are still just a…
[ad_1] Ordinals are a relatively novel innovation within the crypto space, but ORDI, the cryptocurrency with the Ordinals namesake, is within the grasp of the bears. According to the latest market data provided by CoinCodex, the token is down nearly 5% within the last 24 hours despite Bitcoin making an 11% gain within the past week. Related Reading Up And Down The Rabbit Hole Even though the market seems bullish for Bitcoin and the market as a whole, Ordinals seem to go against the grain. Analysts are hopeful that ORDI is on the path to a potential bullish breakthrough, however,…