Cryptocurrency

Bitcoin Price Predictions and Technical Analysis

Friday. August 30 at 7:00 PM

1 min. read

Bitcoin is poised to reach $87,000 by early 2025 based on a technical setup, despite being currently hindered by a crucial short-term resistance line. Analysts like Titan of Crypto and Trader Tardigrade are anticipating a potential breakout, utilizing tools such as the power law corridor and Gaussian channel to assess price trends. While long-term projections remain optimistic, Bitcoin must surpass $59,600 to establish upward momentum, as highlighted by Titan of Crypto's Ichimoku Analysis. Market analyst Elja Boom suggests a possible delay in Bitcoin's breakout until October. It is important to note that this article does not provide investment advice, emphasizing the need for readers to conduct their own research before making any financial decisions.

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Market Analysis: Slow Day for Crypto Market with Bitget Token (BGB) Setting New All-Time High

Thursday. December 26 at 7:00 AM

Today, the crypto market, including the total market cap (TOTAL) and Bitcoin, is experiencing a relatively stagnant day with minimal movement in the last 24 hours. Despite this, Bitget Token (BGB) has managed to continue its upward trend and reach a new all-time high. The total crypto market cap has seen a slight decrease of 0.31% to $3.35 trillion, indicating market stability as investors monitor for potential changes. Maintaining support above $3.28 trillion is crucial for market recovery, while surpassing $3.49 trillion could signal a bullish momentum shift. Bitcoin is currently priced at $98,964, aiming to break the $100,000 resistance level. Failure to do so may result in consolidation below this level. BGB has surged 30% to reach $6.37, showcasing strong investor confidence and potential for further growth if market conditions remain favorable.

Cryptocurrency

Shiba Inu Price Analysis: Potential Upside Amidst Market Volatility

Thursday. December 26 at 4:00 AM

Shiba Inu (SHIB) price has experienced a 10% drop in the last week, making it the second-largest meme coin after Dogecoin. Despite this decline, SHIB's Relative Strength Index (RSI) has been steadily increasing, indicating a positive shift in market sentiment and buying momentum. Whale activity has stabilized, hinting at a temporary pause in accumulation and distribution, which could result in price consolidation. With SHIB trading within a specific range, breaking a key resistance level could lead to a 29.5% increase. The RSI currently stands at 52.6, showing a significant rise from 41, suggesting improved market conditions in the short term. The number of addresses holding 1 billion SHIB has increased, signaling confidence from major investors. However, if the support level at $0.00002259 is breached, SHIB may face further downside pressure.

Cryptocurrency

Israel to Launch Bitcoin-Linked Mutual Funds

Thursday. December 26 at 2:00 AM

Israel is set to introduce six new mutual funds tied to Bitcoin's performance on December 31, marking a significant step towards integrating cryptocurrencies into investment products. Licensed by the Israel Securities Authority, these funds will allow investors to access Bitcoin through the local currency, shekel. The funds will track Bitcoin's price using various methods, including indexes and active management, with some even monitoring leading U.S. Bitcoin ETFs. Management fees are expected to range from 0.25% to 1.5% to attract investors. This move follows two years of regulatory discussions and signals Israel's growing interest in cryptocurrencies. The launch also aligns with the country's exploration of blockchain technology, including the development of a Digital Shekel. By offering Bitcoin-tracking funds, Israel is embracing institutional acceptance of cryptocurrency investments and catering to the demand for emerging digital assets in the financial market.

Cryptocurrency

Hedera (HBAR) Price Surge Signals Bullish Momentum

Thursday. December 26 at 1:00 AM

Hedera (HBAR) price has experienced a significant surge, reaching its highest levels in three years in December as it aims to reclaim its $12 billion market cap. Over the last month, HBAR has seen a remarkable 121% increase, driven by strong bullish momentum and key technical patterns such as the recent golden cross. Indicators like the ADX and Ichimoku Cloud indicate a strengthening uptrend, with buyers maintaining dominance and the potential for further growth. With HBAR's ADX currently at 29.35, the ongoing uptrend is considered robust, suggesting the possibility of continued upward movement in the short term. The Ichimoku Cloud chart also supports a bullish trend, with various signals pointing towards a positive momentum. However, a potential pullback could test support levels at $0.27 and $0.23 if the current momentum weakens. It is important to conduct personal research and seek professional advice before making any financial decisions.

Cryptocurrency