Bitcoin made a 1.53% recovery throughout the last week.  The $33,120 level offers the immediate support zone while the $36,415 level represents the next major resistance zone. Ethereum made a 17.04% recovery during the past week.  Bitcoin BTCUSD had improved...
China has made all cryptocurrency activities illegal in the country. The crypto market experienced signficant plunges yesterday following these news. The $40,000 zone is the level of immediate importance for all BTC traders. Everyone should be watching it. On...
Cointelegraph highlighted that on the 28th of this month, roughly 57K bitcoins were purchased from the major exchanges. In addition to owning roughly 105k BTC, MicroStrategy hinted that the company was planning on increasing its digital asset investments. ...
BTC has formed a double tops on the 1hr chart, which could signify a short-term retracement.   BTCUSD formed a double tops pattern on the 30min chart yesterday. Usually, this pattern represents an upside momentum exhaustion. This could be an...
According to Solana’s official website, Solana can process roughly 50,000 transactions per second. This is tremendously fast compared to Bitcoin’s average 7 TPS and Ethereum’s average 25 TPS. Additionally, the network has an estimated transaction fee...
An overview. After recovering by roughly 55% in the previous 2 weeks, Ethereum made a 0.06 retracement on 3rd August. Within the past 2 months, Ethereum has tested the $1730 support zone twice. This shows that the level seems to have...
According to JPMorgan, institutional investor’s need to hedge against inflation is the cause of Bitcoin’s ongoing uptrend. Bitcoin is being considered by various institutional investors as an alternative hedge to gold. Trading at $53,878 at the time...
A double-tops pattern is a price action pattern formed when price fails to break through a previous high during an uptrend. If someone is holding a buy position while such a pattern is forming, it could be...
Technical analysts are predicting a breakout following the ongoing Bitcoin's price consolidation. Both Bitcoin and Ethereum could exhibit further bearish momentum before any major shifts to the upside.     Bitcoin Since Bitcoin lost roughly 50% of its gains in mid-May,...
Bitcoin Price has already hit the $29k key resistance level. Last week, I pointed out that the $29k area was supposed to offer support and prevent BTC from dropping lower. For those who do not understand what support levels means,...

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