After a bloody week, the price of bitcoin is slowly recovering, following a 50% decline since recording the $69,000 ATH level in November 2021. The following analysis will discuss two possible scenarios for the future,
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After two consecutive days of losses, bitcoin and ethereum both rebounded strongly to start the weekend. Crypto markets were trading almost 5% higher on Saturday. Bitcoin The world’s largest cryptocurrency regained some upward momentum on
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Given the technical and on-chain data, a possible near-term bounce is possible. However, in an uncertain macro environment, a strong price rally seems less likely. Technical Analysis Daily timeframe: The downtrend in Bitcoin’s continues as
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Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos (ATOM) also had a double-digit decline. The biggest winners Although
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Main levels of support: 1.4 USD Key Resistance Levels: $1.8, $2 Over the past two days, MATIC recorded a 20% price increase after finding support at the $1.4 level. The key resistance at $1.8 kept
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Cryptocurrency markets were volatile on Thursday as traders appeared to react to the Federal Reserve’s decision to keep interest rates unchanged. Bitcoin and ethereum both saw price uncertainty, as markets now expect a March hike.
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The price of cosmos (ATOM) continued to decline on Thursday, while sandbox rallied following its partnership with Warner Music Group. Overall, crypto prices were trading 3% lower in today’s session, after yesterday’s FOMC announcement. The
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Key Support Level: $0.000018 Key Resistance Level: $0.000023 SHIB’s woes began in October 2021, and since then the price has been in an unbroken downtrend. Whenever there was hope for a reversal, the bears came
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Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher
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Over the past few weeks, cryptocurrency markets have plunged due to macro-level fear (risk off). In this analysis, we will take a closer look at the price of bitcoin from a technical perspective, Onchain and
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