One closely watched analyst believes Bitcoin (BTC) may be on the way to creating a pattern that could reignite the cryptocurrency king’s bullish momentum. Last week, when Bitcoin was trading below $40,000, anonymous analyst Cheds said: said The 322,600 followers on social media platform With BTC’s recent bounce, Cheds updated his outlook, saying Bitcoin could print an inverse head and shoulders pattern (I-HNS) with $40,500 acting as a new support level or right shoulder. “BTC Find out if we are in retreat or a breakthrough. You’ll probably see I-HNS (inverted head and shoulders).” source: Ched/X The inverted head and shoulders…
Author: Crypto Flexs
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Farmers care about their crops an optimistic outlook The fields are on fire. tl;dr Medalla follows smoothlyClient diversity is essentialeth1+eth2 (step 1.5, aka merge) End-to-end demoTesting and auditing will continue as Phase 0 launch approaches. Medalla looking good (after having a good time) A quiet testnet is a suspicious testnet. If you’ve been following Medalla at all over the past few weeks, you’ll be familiar with the major five-day event that occurred on Friday, August 14th. Check out Prism’s products autopsy For more details on the technology and timeline, see Ben’s recent blog post: (One)(2)) for high level analysis. The…
Bitcoin price is recovering above the $42,000 resistance level. For BTC to begin an increase towards the $45,000 resistance, it would need to clear $42,800 and $43,500. Bitcoin price is rising above the $42,000 resistance zone. The price is trading above $41,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline forming with support near $41,500. Clearing the $42,800 and $43,500 resistance levels could start a steady rise for the pair. Bitcoin Price Is Aiming Higher Bitcoin price has formed a support base above the $40,000 support…
In recent years, the cryptocurrency market has seen significant growth and has become an increasingly popular investment option for both individuals and institutions. With the rise of Bitcoin, Ethereum, and other digital currencies, many investors are now looking for the next big thing in the cryptocurrency world. One of the coins gaining attention is RazorCoin, a digital currency with unique features and potential for widespread adoption. What is RazorCoin? RazorCoin is a cryptocurrency created with the goal of providing a secure and efficient payment system for transactions of all sizes. The coin is built on blockchain technology, ensuring all transactions…
Cardano continued its recovery, up 2% at press time. ADA remained below the neutral line of RSI. Cardano (ADA) has shown notable gains in recent days, signaling a continued recovery. AMBCrypto’s analysis of ADA’s daily timeframe chart shows an upward trend for three consecutive days. Cardano Begins Recovery This is a recovery from a previous downtrend that began around January 13th, when the price was around $0.58. As of press time, ADA is trading at around $0.49, up more than 2%. The total increase over the past three days is now over 6%. Source: Trading View Despite the commendable recovery,…
September 22nd How did Bitfinex drive Lightning adoption? Post time: 12:13h At Bitfinex Lightning Maria Lobusova Pioneers in Reckless Lightning Adoption As one of the leading cryptocurrency exchanges, Bitfinex has long been at the forefront of technological innovation within the digital asset ecosystem. One of the exchange’s most important contributions is its early and strong support for the Lightning Network, a second-layer solution designed to accelerate Bitcoin transactions by creating off-chain payment channels. Bitfinex’s pioneering role in this space has not only raised its profile in the industry, but has also been instrumental in paving the way for broader Lightning…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Cryptocurrency markets fell following the approval of the spot Bitcoin ETF. However, many investors took advantage of the decline to buy more Ethereum (ETH) and Shiba Inu (SHIB). Pullix (PLX) is also gaining investor attention, raising over $4.6 million in an ongoing presale. Whales Double Down on Ethereum Ethereum has fallen recently. While some investors were selling ETH, whales were taking advantage of the low price to buy more ETH. According to Spot On Chain, one whale purchased $46…
The Hong Kong branch of Harvest Fund Management, a major Chinese asset manager, reportedly submitted an application for a spot Bitcoin exchange-traded fund (ETF) to local financial regulators last Friday. get ready The first batch of spot cryptocurrency ETFs will be launched soon.tencent news reported Today, Harvest submitted its spot Bitcoin ETF application to the Securities and Futures Commission, hoping to launch the city’s first ETF after the Lunar New Year holiday, which falls on February 10 this year.Harvest and SFC did not immediately respond to The Block’s request for comment.Earlier this month, Livio Weng, COO of Hong Kong cryptocurrency…
In the broader cryptocurrency world, there are currently many blockchains designed specifically for gaming, but Ronin is one of the first to launch.Gaming blockchains are typically built to offer lower transaction fees and a larger number of potential transactions, making them cheaper and more scalable than blockchains such as: Bitcoin And Ethereum. Some game chains are also private. This means that developers must receive approval from the blockchain creator to participate in the ecosystem.Ronin is one such example. At least for now, the company says it plans to open Ronin around 2024 to build out more studios. In the meantime,…
Polkadot (DOT) is trending upwards above the $6.80 resistance level against the US dollar. Removing the $7.28 resistance level could give the price some bullish momentum. DOT is trading in positive territory with $6.00 support against the US dollar. The price is trading near the $7.00 area and the 100 simple moving average (4-hours). On the 4-hours chart of the DOT/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $6.50. If the bears are unable to defend the $7.28 resistance zone, the pair may continue to rise. Polkadot price restart increases DOT…