Bitcoin Price Analysis: BTC poised to retest $10,500 before the growth resumed
As we reported in our previous analysis, the TD Sequential indicator created a sell signal, which is now confirmed by the ninth bar and a developing bearish harami pattern. This candlestick formation consists of a long bullish candle followed by the second candle in the body of the first one. Once confirmed, this pattern will increase the probability of Bitcoin's downside reversal with the first target at $10,700 (the middle line of the daily Bollinger Band), and $10,500, the barrier that served as a strong resistance during the first and the second weeks of September. Read more ...
Ethereum Price Analysis: ETH fundamentals imply that something big is brewing
ETH/USD has been one of the best-performing coins out of the top-10 on Thursday. The second-largest digital asset price has gained nearly 4% since the beginning of the day and 4.5% since this time on Wednesday. At the time of writing, ETH/USD is hovering around $380. The coin is moving within a short-term bullish trend amid high volatility. Read more ...
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Band Protocol Price Prediction: BAND unstoppable breakdown eyes $5 for support
Band Protocol users become accustomed to declines since its listing on Coinbase. The token embraced an impressive rally following the listing, which saw it almost close in on the critical resistance at $18. However, after forming a double top pattern as previously discussed, the token started to trim the gains that had been accrued. Meanwhile, BAND has dived 60% since the listing on Coinbase and is doddering at $6.91 at writing. Read more ...
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VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC
Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Ethereum Classic price sets for a rally following retest of key support
ETC edges higher by 2.3% and trades around $22.60 at the time of writing on Friday after testing a key support area the day before. On-chain data showing increased account growth suggests a bullish move ahead. Ethereum Classic price faced rejection by the daily resistance level of $25.13 earlier this week.
Celebrity meme coins lose their shine
Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June. In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.
Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit
Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation.
Bitcoin: Will BTC manage to recover from recent market turmoil?
Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.