Bitcoin’s remarkable rally has the cryptocurrency community buzzing as it nears the previous all-time high (ATH) of approximately $68,900. A technical analysis of the daily and weekly charts reveals a sustained upward trend that invites optimism for continued bullish momentum. The daily chart showcases Bitcoin’s substantial break above both the 50-day Simple Moving Average (SMA) Read More…
Weekly Chart Analysis: Price has formed a large rounding bottom pattern and parabolic curve, typically considered a bullish reversal signal. The price was approaching the all-time high (ATH) resistance zone, near $69,435, before swiftly pulling back after greyscale started dumping on the market. We should monitor this level closely; a decisive weekly close above the Read More…
As we step into the first quarter of 2024, Bitcoin will be on the forefront of investing news as we await the bitcoin ETF. The price for BTC futures has seen a significant 162% YTD return. With the halving coming shortly, what do we expect for BTC? Here’s a technical breakdown of the current market Read More…
News BlackRock has taken major steps toward launching a Bitcoin spot ETF, including listing the ticker symbol “IBTC” on the DTCC platform. The SEC has until January 2024 to approve or reject BlackRock’s ETF application. If approved, the ETF would significantly increase accessibility to Bitcoin investing for mainstream investors without dealing with crypto exchanges. This Read More…
Cryptocurrencies are slowly taking over the world. These popular payment systems have become a global phenomenon that compels more and more people to try and get their hands on even just a few digital coins. More cryptocurrency startups keep popping up, providing people with cryptocurrency-based services as an alternative to traditional banking. But what is Read More…
