Bitcoin

Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Bitcoin miners witnessed some respite as Glassnode confirmed miners' balance touched a 4-year high. First and foremost, BTC market recovery might have supported the same. Nevertheless, can August ensure relief considering the previous relationship between cryptocurrency and miners? Fixing the Past Miner capitulation is the primary indicator to reveal the relationship's status. Miner capitulations appear when a substantial percentage of miners shut their operations for an extended time. Blockware, a crypto mining company, revealed its recent Intelligence Newsletter on July 29, confirming the same. The hash ribbon index shows the ongoing miner capitulation event started on June 7. Meanwhile, it…
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Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Monero can be one of the lucrative cryptos for investors interested in riding recovery waves following the crypto crash of May. The alternative token recorded an impressive jump as most assets struggled to rebound. Furthermore, XMR maintains an attractive stance for this week, as some upticks allowed it to retrain the latest gains. Monero surged nearly 75% from the May 12 local low. The remarkable upside move seems to have seen hindrance at 0.236 FIB line, peaking near $208. The resistance led to a brief correction as the previous week ended. Fortunately, bulls stepped up during the past weekend, triggering…
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Shiba Inu (SHIB): Tips for Holders to Sail Through Crypto Winter

Shiba Inu (SHIB): Tips for Holders to Sail Through Crypto Winter

For now, the crypto market struggles to overcome persistent bearishness. Though the space appears scary, faith and patience might be essential. Meanwhile, Shiba Inu holders out to go with the HOLDLing law. Also, they should trust in the prevailing market situations to maximize profits. The DOGE competitor has lost many weak hands as the redistribution event flourished. While publishing this content, about 75% of Shiba Inu holders remained in losses with cryptocurrency winter dominating. Moreover, several partnerships have failed to push the alt higher on its price chart. Shiba Inu traded near $0.00001073 at this publication, relatively flat within the…
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Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos price trends reveal bullish trends. XTZ has resistance at $2.5. The support level stands at $1.81. Tezos price reveals bullishness as the alternative token climes towards $2.09 following a slight consolidation around the $1.80 value area. Bulls stepped up to catalyze upside actions after XTZ broke past an ascending triangle setup. Meanwhile, Tezos dipped into a consolidation period after rising towards $2.49, trading within an ascending triangle setup as bears and bulls battled for market dominance. Bulls saw victory as they drove XTZ to $2.09, eyeing the target at $2.49. Breaking beyond this area would see Tezos exploring $3…
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Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin (BTC) Explores sub-$29K Despite NASDAQ Rally

Bitcoin reversed on Monday as regulatory reforms dented market sentiment. The declines emerged even as NASDAQ 100 recorded a rally. Bitcoin stretched the previous week's 3.30% drop with yesterday's 3.93% drop, ending the day near $29,076. The bearish reaction emerged regardless of NASDAQ 100 gaining 1.59%, with crypto space anxiety amidst possible regulatory landscape shift. BTC indicators display red as the token stayed under50-dayEMA. Bitcoin lost 3.39% yesterday to reverse Sunday's 2.9% increase, ending the day near $29,076. Meanwhile, NASDAQ 100 recovered from its red to end the day in a positive region. BTC dip buyers could not offer support…
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Bitcoin (BTC) Records Massive Bullish Divergence, Moving Above $30K

Bitcoin (BTC) Records Massive Bullish Divergence, Moving Above $30K

After hovering beneath $30,000 for most of the week, Bitcoin noted a steady bullish divergence during Sunday's late sessions. While publishing this content, BTC traded at $30,167.58, gaining 2.89% within the last 24 hours. Maintaining beyond the crucial hurdle of $30K is critical for near-term upticks. Renowned cryptocurrency analyst Lark Davis stated that BTC presented a massive bullish divergence, a case never seen in the past year. Can that mean a colossal upside rally in the making? Davis added that there's hope following dominant bearishness regardless of the pessimistic readings from the global macro formation. It remains fascinating to see…
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Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin (DOGE) Still Faces Rejection Beneath $0.1 – Price Analysis

Dogecoin's price reveals stagnations near the $0.08 level. The meme coin has hovered near $0.1 since the 11 May colossal fall. Dogecoin's 24hr trading volume declined by 32%. Dogecoin price exhibits bearish signals today, maintaining similar trends seen over the previous three days. The meme coin has stagnated near the $0.08 level. While publishing this content, Dogecoin traded at a day high at $0.08647, gaining 2.48% within the past 24 hours. Nevertheless, Dogecoin has failed to trigger sustained upswings since the 11 May massive crash. The current price action reveals stagnation conditions, and the meme coin might drop before uptrends.…
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Cryptos to Watch This Week: BTC, XRP, SOL

Cryptos to Watch This Week: BTC, XRP, SOL

Bitcoin's drop to $25.8K and the Terra ecosystem fallout triggered crashes in the marketplace as most tokens witnessed double-digit losses. Bitcoin price tried to regain levels beyond $30,000. The global crypto market capitalization hovers beneath $1.3 trillion. Some of the cryptos to watch this week are BTC, XRP, and SOL. The broad crypto marketplace witnessed bearish waves over the past week as Bitcoin lost near 30% within ten days to hit $25K, levels last seen in late 2020. The Bitcoin-driven plummets and fallouts in Terra's UST and LUNA saw the cumulative market cap crash to $1.28 trillion at this publication.…
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Should You Continue Shorting IOTA in The Upcoming Days?

Should You Continue Shorting IOTA in The Upcoming Days?

The past couple of months had IOTA's action backing a bearish thesis. An extended downside wave since September 2021 peaks showed a bull cycle end. Meanwhile, the current dominant bears saw the alternative coin plummeting towards a multi-month baseline near $0.389. Considering the liquidity range, IOTA needed to overcome the 23.6% obstacle to reignite any massive bull run chances. While publishing this content, IOTA traded near $0.4372, surging 1.81% within the past day. IOTA Daily Timeframe IOTA witnessed a significant breakdown from its long-term downward channel's upper trend-line. After barely hovering beyond the 20 Exponential Moving Average and 50 Exponential…
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Tron, Decentraland, ApeCoin Price Analysis – May 10, 2022

Tron, Decentraland, ApeCoin Price Analysis – May 10, 2022

The cryptocurrency market saw a massive sell-off within the past couple of days as Bitcoin as stock indices recorded heavy losses. TRON was among the few tokens that recorded upswings over the previous week, but it declined below critical support. Decentraland and ApeCoin might present shorting or selling opportunities in the coming hours. Tron (TRX) According to the 1hr chart, Tron maintained upside actions over the previous day but could not rise beyond the resistance level at $0.089. While writing this content, the past 72 hours also witnessed the A/D indicator starting to decline even with bulls attempting to catalyze…
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Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

The ongoing bearish sentiment in the crypto world sees the renowned dog token Shiba Inu crashing towards its 7-month lows on Monday. The previous 24 hours saw Shiba Inu losing 8.9% towards the $0.00001723 (Coinmarketcap data). The canine-themed crypto maintained downtrends over the past week, losing nearly 19% within seven days. That had SHIB exploring value areas last witnessed in October 2021. For now, Shiba Inu ranks 15th in the cryptocurrency list by value, its market capitalization standing briefly beyond $9.5 billion. The latest slump in the Dogecoin competitor emerged despite the recent efforts by the community to keep the…
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Cosmos (ATOM) Appear to Rally; What to Consider Before Buying In

Cosmos (ATOM) Appear to Rally; What to Consider Before Buying In

Though cryptocurrency investors might concentrate on the top 10 tokens by market cap, drastic changes unfolding in somewhat smaller but significant projects are could impressive to ignore. Cosmos (ATOM), ranking 25th by market capitalization (during this publication), is among the small projects worth your consideration. While writing this content, ATOM changed hands near $18.57, following a 5.57% increase within the previous day. Nevertheless, the alternative token stayed 14.63% down over the past seven days. For now, the alt appears on a recovery road. Detailed ATOM Outlook Though Cosmos volumes remained far lower from upticks registered even after January 2022 and…
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Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

As things stand, crypto enthusiasts nowadays are only interested in opportunities to join the bandwagon. That has had the 'buying the dip' narrative trending each time BTC plunged within the past two months. The same case appears to develop this time, with Bitcoin and other alt tripping the market capitalization, triggering a 5.66% slump that erased about $103 billion from the cryptocurrency marketplace. Buying LTC Dip? Surprisingly, most demand comes from Twitter, which has had its share of turmoil since Elon Musk purchased the social media site for $44 billion. Nevertheless, can this demand support Litecoin to record some upside…
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Dogecoin, Chainlink, Litecoin Price Analysis – April 27, 2022

Dogecoin, Chainlink, Litecoin Price Analysis – April 27, 2022

The past few days saw BTC snapping to $40.6K from $38.2K before plunging towards the $38K mark again. Such volatility had the alt market weaving on the charts. For instance, Dogecoin experienced a sharp uptick following several days of range accumulations. Chainlink and Litecoin extended their downside trends. Dogecoin (DOGE) Dogecoin pumped towards $0.171 from $0.122, and analysts used the move print Fibonacci retracement areas. Meanwhile, DOGE slipped below the supply zone at $0.14 over the past day. That came as the broad market displayed a bloodbath. Nevertheless, DOGE secures some support around the $0.134 barrier. Momentum indicators displayed bearishness,…
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Bitcoin (BTC) Overpowers Obstacles; Why It Might Regain Strength

Bitcoin (BTC) Overpowers Obstacles; Why It Might Regain Strength

Bitcoin stretched its downward move but steadied beyond the barrier of $38K. For now, the bellwether crypto traded beyond $40K and 100-hr SMA. Kraken data shows a break past a crucial trend-line with $39,550 resistance on BTC/USD 1hr chart. Bitcoin targets further highs past the resistance at $40.5K and $40,950. Bitcoin experienced extended drops and touched the $38.2K mark. However, the crypto kick-started a colossal recovery wave, surging past the resistance at $40K. Bitcoin Sees a Swift Recovery Bitcoin stayed inside a bearish territory following the decline under $39.2K support. The leading cryptocurrency extended the plunge beneath the $38.5K mark,…
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Here’s Why ApeCoin (APE) Can Surge 20% Soon

Here’s Why ApeCoin (APE) Can Surge 20% Soon

ApeCoin (APE) presents an interesting technical picture as crypto nears a critical obstacle. A swift move past this barrier may trigger uptrends for the alt, an upside that will likely print a base before rallying towards ATHs. APE Price Prepared for Recovery? ApeCoin's price saw massive drops since the alt touched the $17.46 record high on March 18. Though the first hype dwindled, the token cauterized near $10.60. APE surged towards the $15 level (after creating a swing low), printing a local high on March 28. However, the barriers between $10.68 and $15 have held the ApeCoin price hostage since…
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Bitcoin (BTC) Recovers Latest Losses; Why $41.5K Could Stop Upsurges

Bitcoin (BTC) Recovers Latest Losses; Why $41.5K Could Stop Upsurges

Bitcoin stretched downsides beneath $39,250 and $39K before securing support. For now, BTC trades beyond $40K and 100-hour Simple Moving Average. Bitcoin's 1hr chart shows a break past a crucial bearish trend line with the resistance of $40,220. The crypto should overpower the resistance of $41.5K for extended upside actions. BTC extended its leg-down beneath the $39,000 mark. The leading crypto secured a foothold around the $38,550 zone and launched a massive recovery wave. BTC Price Still Encounters Obstacles Bitcoin dropped under the $40K mark after following a bearish road. The dominant crypto even plunged to new weekly lows as…
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MATIC, NEAR, Avalanche, Dogecoin Price Analysis – April 7

MATIC, NEAR, Avalanche, Dogecoin Price Analysis – April 7

The crypto market sustained a massive plummet over the past 24 hours as Bitcoin lost about 5%. Alts such as Dogecoin and MATIC hovered around stable support floors before BTC, and the broad crypto market accelerated downward in the latest hours. That had them plummeting further to explore levels that remained substantial on higher time-frames. Can these assets push higher? Polygon (MATIC) The past 24hrs saw Polygon falling into a demand zone on higher time-frames (12hr and daily). Previously, the alt traded inside the $1.56 - $1.74 range but selling momentum appears lucrative for bears to keep the range lows.…
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Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive

Bitcoin Drops $45K Following Hawkish Fed; Buying Activity Still Positive Bitcoin (BTC) plunged to $45K support on Wednesday morning. That's despite on-chain data showing positive buying activity. The crypto exhibits weakness, changing hands near $44,767.71 at this publication, reflecting a 4.21% 24-hour decline. BTC declines emerged amid a global crash following hawkish comments by the US Fed Reserve. Lael Brainard, Fed Governor, hinted at central bank balance sheet trimming in May as he stated that curbing inflation remained paramount. That triggered sell-offs within the market as traders worried a restrictive atmosphere might lead to economic downturns. The tech-heavy NASDAQ lost…
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Polkadot (DOT) Price and Possibilities of 70% Upsurge

Polkadot (DOT) Price and Possibilities of 70% Upsurge

DOT price appears prepared for new upswings after the alt flipped a critical resistance zone at $22.50 into the support floor. Enthusiasts can expect a 33% upsurge towards $30.48 soon. A daily candle close under $20.17 will cancel Polkadot's bullish case. Polkadot price exhibits surging signals following the latest reaction that flipped a long-standing hurdle into a foothold. This development will likely propel the alternative token higher, exploring the nearest resistance level. DOT to Capitalize on Bullish Effort Polkadot attempted to surpass the resistance barrier at $22.50 for seven days without success on each trial. Moreover, the obstacle means pain…
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