Technical Analysis

The recent election of Donald Trump has had multifaceted implications for financial markets, particularly for cryptocurrencies. Following Trump’s victory, Ethereum (ETH) soared over 8%, encouraging investors and stoking a renewed sense of optimism. While the price increase is noteworthy, it is essential to recognize that ETH still hovers beneath a pivotal resistance level. Since early
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On November 6, Bitcoin achieved a remarkable milestone, soaring beyond previous records to reach an all-time high (ATH) of $75,000. Such a significant surge is notable for market enthusiasts, sparking discussions around potential future movements for the leading cryptocurrency. Analyst Tony Severino has emerged as a central voice in these discussions, suggesting that Bitcoin may
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Ethereum, a prominent player in the cryptocurrency market, is currently trading at around $2,500, reflecting a substantial 9% decline from its recent peak of $2,820. This downturn can be attributed to Ethereum’s inability to maintain momentum following its failure to establish a new higher high. Despite this pullback, investor interest is seemingly reignited as the
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The Bitcoin market has witnessed a notable rebound this October, finishing the month with a substantial 10% price increase. This upward momentum has sparked interest among investors and analysts alike, particularly given the occurrence of two consecutive monthly green candles—an indicator often associated with bullish trends. Market analyst TradingShot has delineated the implications of this
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The cryptocurrency market has often been a rollercoaster ride, often leaving investors torn between exuberance and trepidation. Recent forecasts suggest that Bitcoin, the flagbearer of the crypto realm, could potentially experience a seismic shift in its valuation following a monumental rally. While some analysts, like Gert van Lagen, predict a price surge to an audacious
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As the cryptocurrency landscape undergoes a dynamic transformation, market participants are keenly observing the movements of leading assets, particularly Bitcoin and Cardano (ADA). With Bitcoin nearing its historical peaks and the impending U.S. elections adding a layer of speculation, the stage is being set for potential explosive growth. Investors are eyeing Cardano closely, noting the
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