As an experienced analyst, I have seen my fair share of market volatility in the cryptocurrency space, and the recent selling off of Bitcoin has piqued my interest. While it’s true that the world’s most valuable coin dropped over 5% on the last day of trading and continues to spiral lower, breaking below the psychological … Read more
As an experienced financial analyst, I’ve seen my fair share of market volatility and trend reversals. The recent decline in Ethereum price below the $3,000 support level is a concerning sign for investors. Ethereum‘s price continued to trend downward, falling beneath the $3,250 mark. It even plunged below the $3,000 support level and approached the … Read more
As a seasoned financial analyst with extensive experience in the cryptocurrency market, I’ve closely monitored Bitcoin’s recent price action. The failure of Bitcoin to recover above the $61,500 resistance zone is a concerning sign, especially after such a significant rally. As a crypto investor, I’ve observed that Bitcoin‘s price attempt to rebound fell short at … Read more
As a researcher with experience in analyzing cryptocurrency markets, I find the recent decline in Bitcoin traders’ sentiment, as indicated by the Fear & Greed Index, to be of great interest. The index’s value of 44 suggests that fear is currently prevalent in the market, which is a change from the neutral sentiment we saw … Read more
As a researcher with a background in cryptocurrency analysis and a particular interest in XRP, I find the recent bullish predictions for the native token of the XRP Ledger (XRPL) intriguing. The identified key indicators pointing to a substantial rally for XRP, as shared by crypto analyst Tylie Eric, align with my own observations and … Read more
As a researcher with a background in the crypto industry, I cannot help but be intrigued by the back-and-forth between Charles Hoskinson and Ben Armstrong regarding the labels of “dead coins” for Cardano (ADA) and Polkadot (DOT). While it’s important to note that opinions in the crypto space are subjective, I believe Hoskinson’s perspective carries … Read more
As a researcher with experience in the crypto market, I believe that the recent price drop in Bitcoin is due to a combination of factors, including political uncertainties in the US and the ongoing sell-off of seized BTC by governments. The potential withdrawal of President Biden from the reelection bid and the emergence of a … Read more
As a seasoned crypto investor with a few years of experience under my belt, I’ve witnessed Bitcoin’s (BTC) price fluctuations firsthand. The recent ninth test of the $60,000 support level by Bitcoin piqued my interest, as it could potentially signal a shift in the cryptocurrency’s trajectory. Bitcoin has undergone its ninth attempt to hold the … Read more
As a researcher with a background in cryptocurrency analysis, I’ve closely monitored the recent fluctuations in the digital asset market. The attention given to Cardano (ADA) and Bitcoin (BTC) is not surprising, as both coins have shown potential for significant price movements. As a crypto investor, I’ve noticed that analysts have been particularly intrigued by … Read more
As an experienced on-chain analyst, I believe that the recent Bitcoin crash below the $58,000 level was potentially caused by large profit-taking from long-term holders (LTHs). The spike in the LTH SOPR, which indicates that these investors were selling coins with significant profits, coincided with the price decline. Today, Bitcoin experienced a significant drop in … Read more