Bitcoin formed a bearish engulfing candle immediately after its $100,000 retest, which opened the door for a potential correction below $90,000. Bitcoin price sold off again on Jan. 8, forming a bearish engulfing candle on the daily chart. This particular daily drawdown was BTC’s second steepest fall in 19 weeks. Bitcoin 1-day chart. Source:TradingView With…
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XRP should attain a 260% gain or a $6.40 price target after a breakout, but a delay may affect the chart pattern’s outcome, says Peter Brandt. XRP price is attempting to close a daily candle above its descending resistance trendline, which previously capped the altcoin’s price action. XRP 1-day chart. Source: Cointelegraph/TradingView Successive breaks above…
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Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts say. Bitcoin has likely passed the worst of its downward pressure in the short term as the cryptocurrency has seen a steep decline in sellers on exchanges, according to crypto…
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Fidelity Digital Assets research analyst Matt Hogan said not making any Bitcoin allocation could become more of a risk to nations than making one. Countries who are expected to add Bitcoin into national strategic reserves over 2025 will kick off significant growth in the crypto market, Fidelity Digital Assets says in its latest research paper.…
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Dogecoin jumps 21% as whales accumulate over 1 billion DOGE, with analysts predicting it could hit $1 in 2025. Dogecoin has jumped 21% over the past week, outperforming major memecoins like Shiba Inu, Pepe and Bonk. At the time of publication, DOGE traded at $0.38. Shiba Inu, Pepe and Bonk were up 7%, 10% and 14%,…
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The savvy trader made an over 1,500-fold return on investment despite the broader crypto market slump. A trader generated over $3.2 million in profit despite a slump in the broader crypto markets, which are still recovering from a lack of liquidity during the holiday season. The unidentified trader turned an initial investment of $2,137 into…
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AI models have envisioned some eye-watering crypto prices for 2025. With artificial intelligence emerging as a transformative force in finance, a number of investors have begun to recognize the potential of this technology in shaping their portfolios. In fact, a recent survey revealed that 54% of all investment managers have already implemented AI within their investment research, while…
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History shows a rise in stock market indexes will be accompanied by increasing Bitcoin and crypto market prices, albeit in a more volatile manner. Two-thirds of Americans expect the stock market to rise in 2025 but roughly the same portion of people expect it to be accompanied by more political conflict within the US and…
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Bitcoin is struggling to preserve monthly support, but below the surface, BTC price metrics are giving bulls cause for confidence. Bitcoin counts down to the end of 2024 trading in a crucial area for its latest bull run. Bitcoin price volatility is “brewing” in short timeframes, according to analysis, as monthly support comes into view. Jobless…
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With every calendar flip comes fresh opportunities. Here are six resolutions every crypto enthusiast should consider for the coming year. From mainstream adoption to the election of a pro-crypto administration in the US, the past year has solidified crypto’s place as a transformative force within the global economy. The turning of the new year is…
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