After a bullish Wednesday for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 2.28% to $49,937.0. A mixed morning saw Bitcoin fall to an early morning intraday low $48,631.0 before making a move. Steering clear of the first major support level at $47,229, Bitcoin rallied to a late morning intraday high $50,350.0. Bitcoin broke through the first major resistance level at $49,778 to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero has traded within the confines of a descending channel for over a week now. A broader market rally seems to have been the missing catalyst in the XMR market as the price attempted to break north of its upper trendline. However, a few conditions have to be met first before a blowout can be expected. At the time of writing, XMR was trading at $306.16, up… Source link

Cryptocurrencies have been finding it hard to resume the bullish trend in the last couple of weeks, after the strong bullish momentum that engulfed the crypto market from the end of July until mid-August. Litecoin climbed around $85 to just above $190, but since then, it has been trading sideways within a range. We had a long-term buy signal which we opened near the bottom, above $105, and booked profit as the price surged higher. Although, besides trading the trend, we can also trade ranges… Source link

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Bitcoin broached the $50,000 level once again as the wider cryptocurrency market continued its rally. The largest cryptocurrency rose as high as $50,362 on Thursday, having briefly surpassed $50,000 on Aug. 23 as well — a level it hadn’t hit since mid-May. Ether, the second-largest crypto, rose as much as 3% to $3,843, continuing a strong run after its London upgrade early last month.  Source link

Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sparks a fresh bear bloodbath Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23. After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the… Source link

Ethereum Ethereum surged by 11.64% on Wednesday. Following a 6.23% rally on Tuesday, Ethereum ended the day at $3,829.39. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,384.24 before making a move. Steering clear of the 23.6% FIB of $3,369 and the first major support level at $3,252, Ethereum rallied to a late intraday high $3,843.12. Ethereum broke through the first major resistance level at $3,548 and the second major resistance level at $3,665 to end the day at… Source link

Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Cointelegraph contributor and market analyst Michaël van de Poppe recently said that Ether’s (ETH) break above $3,500 could be a leading indicator for Bitcoin’s next bull run, and now that Ether trades at $3,700, traders… Source link

Popular analyst Will Clemente believes that Bitcoin could trend higher in the coming months as on-chain data flash bullish signals. The prominent on-chain strategist tells his 209,100 followers that he’s closely watching Bitcoin’s illiquid supply relevant strength indicator (RSI). The indicator follows the momentum of Bitcoin accumulation by running the 365-day stochastic RSI over the 30-day net change of BTC illiquid supply.   “This wave of Bitcoin supply shock has the most… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading higher by 3.7% at $48,800. Ethereum is trading higher by 7.5% at $3,700. Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The… Source link