Cryptocurrencies / Page 14

Technical Analysis – ETHUSD pulls back aggressively from 11-month peak

Posted on April 20, 2023 at 9:59 am GMT

ETHUSD (Ethereum) had been trending higher since the beginning of the year, peaking at a fresh 11-month high of 2,142 after the successful completion of the Shanghai update. However, the digital coin experienced a significant downside correction in the past couple of sessions after reaching extremely overbought conditions. The momentum indicators currently suggest that the recent advance was indeed overstretched as both the RSI and the stochastic oscillator are coming down from their overbought territories. However, they remain above their 50-neutral marks, [..]

Bitcoin and Ethereum claim important levels as crypto rally resumes – Cryptocurrency News

Posted on April 14, 2023 at 10:35 am GMT

Undoubtedly, cryptocurrencies have had a vibrant start to the year, outperforming against all major asset classes and revisiting multi-month highs. Besides the improving macroeconomic backdrop, digital coins also benefited from the banking crisis, while fundamental improvements within the sector acted as an additional tailwind. However, as systemic and regulatory woes continue to rattle the sector, investors should not rule out a potential downside correction. Cryptos extend their Q1 outperformance During this week, Bitcoin and crypto markets in general have realised significant gains, [..]

Technical Analysis – ETHUSD posts fresh 9-month high after Shanghai upgrade

Posted on April 13, 2023 at 9:30 am GMT

ETHUSD (Ethereum) has been stuck in an uptrend since the beginning of the year, generating a fresh nine-month high of 1,995 in today’s session following the successful completion of the long-awaited Shanghai upgrade. Now the focus turns to whether the pair can extend its 2023 rally and reclaim the 2,000 psychological mark. The momentum indicators currently suggest that bullish forces are intensifying. Specifically, the RSI is attempting to cross above the 70-overbought territory, while the stochastic oscillators are ascending within [..]

Bitcoin consolidates ahead of crucial data reports – Cryptocurrency News

Posted on April 7, 2023 at 11:45 am GMT

After a tremendous rally since the beginning of the year, Bitcoin and major cryptocurrencies have entered a consolidation phase, with traders awaiting fresh insights regarding the Fed’s interest rate path and the broader health of the US economy. Meanwhile, investor attention is also shifting towards Ethereum’s notable update next week, which could help the digital coin unlock more value. Are cryptos building a strong base ahead of the next bull market or will the 2023 rally fizzle out? Bitcoin silent during holiday [..]

Technical Analysis – BTCUSD extends sideways move around 28,000

Posted on April 6, 2023 at 1:51 pm GMT

BTCUSD experienced a remarkable surge in 2023, storming to a fresh nine-month high of 29,187 in mid-March. However, the king of cryptocurrencies has repeatedly failed to advance higher, with the price trading within a tight range for the past 20 days. The momentum indicators are currently reflecting a cautiously positive near-term tone. Specifically, the RSI is ticking downwards above its 50-neutral mark, while the stochastic oscillator has flatlined in the positive zone after failing to complete a bullish cross. Should buying [..]

Bitcoin ends stellar Q1 on soft note as regulatory grip tightens – Cryptocurrency News

Posted on March 31, 2023 at 11:37 am GMT

Bitcoin is set to post its best quarterly performance since the first quarter of 2021, partially recovering from a bruising year in which crypto prices got crashed under the boot of global monetary tightening and high interest rates. The latest rally could be attributed to the turmoil in the financial sector, a softer dollar and increasing speculations of a Fed pivot. Nevertheless, the industry continues to suffer from systemic failures and frauds, which currently seem to have put a ceiling [..]

Technical Analysis – XRPUSD jumps to fresh 10-month high

Posted on March 30, 2023 at 7:20 am GMT

XRPUSD (Ripple) exploded higher in the short term, posting a fresh 10-month high of 0.5844 before paring some gains. Moreover, the ascending 50-day simple moving average (SMA) is positively closing the gap with the 200-day SMA, where a potential golden cross may rejuvenate the advance. The momentum indicators currently suggest that the recent rally is overstretched as both the RSI and the MACD histogram are coming down from their overbought territories. Should the pullback resume, the price could encounter initial support at the November resistance territory of [..]

Bitcoin erases post-Fed slump but regulatory pressures mount – Cryptocurrency News

Posted on March 24, 2023 at 12:59 pm GMT

Bitcoin and crypto markets in general had a volatile but bullish week as the crucial Fed meeting on Wednesday provided investors with a renewed outlook on the monetary tightening path and broader economic conditions. Even though the turmoil in the banking sector seems to be subsiding and regulators continue to tighten their grip on cryptocurrencies, the digital asset sector remains more than resilient. Is this the beginning of a new bull market? Mixed signals from Fed During the past week, [..]

Technical Analysis – ETHUSD consolidates after advance pauses

Posted on March 23, 2023 at 2:54 pm GMT

ETHUSD (Ethereum) has been in a steady uptrend since the beginning of the year, generating a fresh six-month high of 1,846 in mid-March. However, the digital asset experienced a minor pullback after reaching overbought conditions, with the price trading within a range for the past few daily sessions. The momentum indicators currently suggest that the bullish forces are subsiding. Specifically, MACD histogram has crossed below its red signal line but remains in the positive region, while the stochastic oscillator posted a [..]

Bitcoin posts 9-month high amid turmoil in banking sector – Cryptocurrency News

Posted on March 17, 2023 at 12:52 pm GMT

Bitcoin and most major cryptocurrencies are set for their best weekly performance in 2023, piercing through key price zones amid a constantly changing macroeconomic backdrop, which currently seems to be favoring digital assets. The king of cryptocurrencies posted a fresh nine-month high on Friday and it is up more than 50% year-to-date despite the recurring failures of crypto-related firms and increasing regulatory oversight. Is this the beginning of a new bull market? Bitcoin gains as banking system trembles Bitcoin prices [..]

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