Tag: Key

Ethereum Trims Gains, $3,200 Is The Key

Aayush Jindal

Ethereum started a fresh decline from the $3,450 resistance against the US Dollar. ETH price must stay above $3,200 to start a new upward move. Ethereum started a fresh decline from the $3,480 and $3,450 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it manages to stay above the $3,200 support…

Bitcoin Breaks Key Support, Why BTC Could Extend Losses

Aayush Jindal

Bitcoin failed to stay above the $46,000 support against the US Dollar. BTC is sliding and might even test the $43,200 support zone. Bitcoin is down over 4% and there was a move below the $46,000 support. The price is trading below $45,500 and the 100 hourly simple moving average. There was a break below a key breakout pattern with support near $46,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline and test the $43,200 support zone in the near term.…

Bitcoin just regained a key price trendline after its longest absence since March 2020

William Suberg

Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth (or the opposite) is overstretched relative to its overall maturity as an asset in terms of adoption. It does so using…

US Congress agency recommends 4 key policy options for blockchain

Arijit Sarkar

Per the request of the United States Congress, the U.S. Government Accountability Office (GAO), laid out four policy options to help policymakers implement blockchain technologies while enhancing benefits and mitigating challenges. The technology assessment shared by the GAO acknowledged the potential of blockchain technology in improving a variety of financial and non-financial applications despite raising concerns about introducing new challenges while trying to resolve issues related to traditional systems: “A blockchain might both increase the speed of a title registry system and lower the cost of title insurance by making title…

Cryptocurrency vs. Stocks: Key differences explained

Cointelegraph By Gabriëlla Modderman

Both the crypto and the stock markets are volatile and subject to external influences. However, there are also differences between them. When we’re talking about cryptocurrency vs. stocks, there is a big difference in how they are traded. Cryptocurrency can be bought at a cryptocurrency exchange, whereas you can buy stocks at the stock exchange. Of course, there are differences in the exchanges and opening hours, as previously described.  Normally, the crypto market is more volatile than the stock market. However, the stock market is also subject to volatility due…

Bitcoin Moves Below 100 SMA, Why $40K Is The Key

Aayush Jindal

Bitcoin started a downside correction below $41,200 against the US Dollar. BTC must stay above the $40,000 support to start a fresh increase. Bitcoin started a downside correction below the $41,200 support zone. The price is trading below $41,400 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $41,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $40,000 support zone to remain in a positive zone. Bitcoin Price Consolidates Bitcoin price started…

Web3 will be key to the future of China’s internet, says security regulator

Prashant Jha

The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New Generation of Internet that is Approaching,” talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3. The article talked about the significance of forward-looking research and strategic infrastructure development. Yao predicted that Web3 will reconstruct the organizational form and business…

Bitcoin Price Eyes Another Key Upside Break Above $41.5K

Aayush Jindal

Bitcoin started a fresh increase above the $40,000 resistance against the US Dollar. BTC remains supported and might rally again above the $41,500 resistance. Bitcoin reclaimed the $40,000 level and might continue to rise. The price is trading above $40,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but the bulls might remain active near the $40,000 zone. Bitcoin Price Remains Elevated…

Bitcoin Breaks $40K, Key Upside Break Suggests Trend Change

Aayush Jindal

Bitcoin started a major increase above the $40,000 resistance against the US Dollar. BTC might correct lower, but downsides could be limited below $40,000. Bitcoin was able to clear the $40,000 resistance and entered a positive zone. The price is trading above $40,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $39,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but there is a key support forming near the $40,000 zone.…