Per Bernstein, the new crypto cycle is still not fully appreciated, with a number of positive factors lining up. These include macro catalysts, a new bitcoin mining cycle, the continued successful upgrades of the Ethereum blockchain, and the success of Ethereum scaling ecosystems such as Arbitrum. Author: Will Canny Source link
While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin (BTC), Ether (ETH) and altcoin prices. The period of sparse volatility in the crypto market appears to be ending with a breakout on the upside. The increase has been particularly striking in some altcoins such as Lido (LIDO), Solana (SOL), and Cardano (ADA). The primary factors promoting the spike in these coins are the upcoming Ethereum Shanghai update…
STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the “bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of it to the upside. That is precisely because traditional analysts consider strong run-ups, followed…
A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after…
Suarez, who spoke at the bull’s unveiling, is working to turn Miami into a hub of modern finance – the “capital of capital,” he often says. He has drawn paychecks in bitcoin, offers tax incentives for crypto, fintech and investment firms to relocate and even christened the city’s own cryptocurrency, Miami Coin. Author: Daniel Kuhn Source link
Lastly, while the past is not indicative of the future, understanding the past can help us anticipate what might happen. Looking back, we know that it sometimes snows in April on the bitcoin market. But usually bitcoin performs well in April, with an average gain of about 17% over the month. So, who knows, maybe we’ll close the book on the bear market in the next 27 days. But maybe not. Author: George Kaloudis Source link
Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000. In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022. Coming against an ongoing macroclimate of considerable uncertainty, strength in Bitcoin is naturally being taken with a pinch of salt this month. The reaction is understandable given that previous attempts to break out of its multi-month trading range have all ended in failure. Despite volatile…
A sharp upside retracement in the Avalanche (AVAX) market this week has raised its possibilities to rise by another 100% in Q2. Avalanche chart painting a ‘bull flag’ The bullish outlook primarily appears in the wake of AVAX’s multi-month bull flag setup, which formed after a strong price move higher to over $150, an all-time high in the Avalanche market. In detail, the setup is a downward sloping channel, denoted by two parallel trendlines against the previous trend, with volumes declining to underscore a weakening downtrend. AVAX/USD weekly price chart featuring ‘bull…
Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind. Author: Omkar Godbole, Parikshit Mishra Source link
According to Huobi co-founder Jun Du, Bitcoin is unlikely to experience a strong bull run until 2025. His analysis is based on certain crypto specialists’ assumption that the coin’s current run is coming to an end. Surprisingly, Du has always aligned with Bitcoin’s bull run history. The asset’s value reached as high as $69,000 during the 2020 bull run, which ended months before the mining reward was reduced from 12.5 BTC to 6.25 BTC. Bitcoin Bull Run: 2025 However, Bitcoin has lost more than 40% from its previous peak. To…