Cryptocurrency analyst and trader Rekt Capital recently shared a compelling insight into Bitcoin’s price trend. He highlighted that BTC seems to be following a historical price pattern from eight years ago, during a previous bull cycle. This revelation suggests that Bitcoin could be on the verge of significant growth in the upcoming months. The 2016
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The world of cryptocurrency can be a volatile and unpredictable one, and the recent performance of Friend.tech’s $FRIEND token is a testament to that. In the last hour alone, the token has experienced a 4.3% drop in value, following a trend of red candles in the broader cryptocurrency market. This comes on the heels of
The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and
Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, along with its subsidiaries and CEO, Brian Armstrong. The class-action lawsuit, filed on May 5, makes the bold claim that the digital assets offered on Coinbase are, in fact, securities. This includes well-known tokens such as Solana, Polygon, Near Protocol, and
While Cardano (ADA) may currently be experiencing a lackluster price action, analyst Ali Martinez suggests that the cryptocurrency could be gearing up for a parabolic run. Martinez’s analysis is based on the historical trend of ADA’s price formation. The cryptocurrency saw a correction path starting from mid-March, when it reached a peak of $0.79. Since
Recently, Bitcoin has displayed remarkable resilience by bouncing back above the $60,000 mark, following a significant dip below $57,000. Renowned analyst and market expert Peter Brandt has expressed his confidence in Bitcoin’s ability to reach a six-figure value by 2025. In a blog post marking his 50th year in future markets trading, Brandt emphasized his
The crypto research platform 10x Research recently highlighted the fact that the Bitcoin Relative Strength has surged to 40%. According to their findings, whenever the relative strength index (RSI) of Bitcoin drops to 40%, the flagship cryptocurrency has historically seen potential rallies. This suggests that Bitcoin could be on the verge of another rally following
The recent surge in Bitcoin price above $62,000 has led to a shift in investors’ position and sentiment, according to on-chain analytics site Santiment. Traders on the Binance platform are reportedly moving from liquidated shorts to long positions after the price increase. While this change may signify renewed optimism in the premier cryptocurrency, Santiment has
Bitcoin’s recent price fluctuations have been nothing short of dramatic, with prices swinging wildly from a high of almost $65,000 to a low of $56,500 within a matter of days. This volatility was fueled by a mix of market speculation and external factors, such as the US Federal Reserve’s decision on interest rates. While Bitcoin
The recent dip in the price of Bitcoin below the $59,000 support level has sent shockwaves through the cryptocurrency market. Analysts are sounding alarms about the potential for a more significant decline in the absence of a pronounced market capitulation. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions, indicating a