Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst. Critical Intersection Of Macro Support As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve. BTC macro support curve | Source: TheCryptoCactus The above chart showcases how Bitcoin…
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Bitcoin price has been fluctuating highly in the last week. Amidst news of bitcoin whales stocking up on bitcoin, the price jumped up past $34,000. Briefly breaking $35,000 yesterday afternoon before coming down to continue trading n the $34,000 range again. But the past 24 hours have seen the coin take a good dip in…
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Presently in a National Park, Mount Olympus, was at one time home to some of the most powerful Greek gods. According to ancient Greek legend, the mountain Olympus was built after the younger gods defeated the titans in the battle for control of the world. The peaked mountain, according to experts, was created to hide…
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The Russian prosecutor general allegedly reports that cryptocurrencies are being utilized for bribing. As a result, Russia introduced cryptocurrencies into its legal system and as a taxable value in 2020. The country has also banned its public officials from possessing crypto with effect from this year. Russia is now assembling legislation to ensure that law-enforcement…
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Ethereum started a fresh decline after it failed to surpass $2,400 against the US Dollar. ETH price could decline further if it fails to stay above the $2,250 support. Ethereum is slowly moving lower below the $2,300 support zone. The price is now trading below the $2,280 support and the 100 hourly simple moving average.…
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Bitcoin price failed again to clear the $35,000 resistance against the US Dollar. BTC started a fresh decline below $34,000 and it remains at a risk of more downsides. Bitcoin started a fresh decline after it failed to settle above the $35,000 resistance zone. The price is now trading below the $33,500 support and the…
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Crypto-linked card spending is on the rise. Visa shared this week that consumer spending with Visa-based crypto credit cards has exceeded $1B this year, through just the first six months of the year. Increasing Adoption Through Accessibility Visa also shared this week that it plans on partnering with 50 different cryptocurrency platforms to allow ease…
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Anthony Scaramucci has again reiterated his stand on why he thinks bitcoin will still hit the $100,000 price target he had earlier set. Scaramucci had put forth this forecast when he was on Yahoo! Finance earlier in the year. The founder explained that bitcoin could easily be trading at $100,000 in 12 months. Anthony Scaramucci…
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Bitcoin shows negative exchange netflows on CryptoQuant charts recently, an indicator that a bull run might be coming soon. Negative Exchange Netflows Bitcoin exchange netflow is an indicator that highlights whether more BTC is moving into exchanges than out. A more technical definition of the term is that it’s the difference of the exchange inflows…
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Bitcoin price is still trading in the mid-$30,000 price range for what has been more than 50 days now. Only a few weak attempts to push prices lower have been made, and bulls were able to defend each time. Bulls have been even weaker, however, putting all their energy and buying power into support and…
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