Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside. As Cointelegraph reported, long-term holders are now in… Source link

Ethereum blockchain’s native asset Ether (ETH) faces the prospect of exploding towards $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “Cup and Handle.” In detail, a Cup and Handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a… Source link

Noam Galai/Getty Images AMC expects to add ether, litecoin, and bitcoin cash as payment for movie tickets and concessions by the end of 2021, CEO Adam Aron said Wednesday. In August, Aron said the theater chain will have the tech in place to accept bitcoin later this year. AMC’s share price is up more than 2,000% so far in 2021, largely driven by the meme-stock frenzy. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. AMC CEO Adam Aron said on Wednesday… Source link

After a bullish Wednesday for Bitcoin and the broader market, it’s been a mixed morning. At the time of writing, Bitcoin, BTC to USD, was down by 0.40% to $47,942.1. A mixed start to the day saw Bitcoin fall to an early morning low $47,375.0 before making a move. Steering clear of the first major support level at $47,093, Bitcoin rose to a mid-morning high $48,530.0. Falling short of the first major resistance level at $48,813, however, Bitcoin eased back to sub-$48,000 levels. The Rest of the… Source link

Bitcoin Stays Strong Bitcoin managed to get above the resistance at $48,000 and continues to move towards the psychologically important $50,000 level. Meanwhile, Ethereum climbed above the resistance at $3,600 and is trying to gain additional upside momentum. Smaller cryptocurrencies like Dogecoin or XRP failed to develop material momentum, and it looks that traders interest is concentrated in Bitcoin and Ethereum today. Bitcoin Dominance, which measures the market capitalization of Bitcoin as… Source link

Ethereum Ethereum rallied by 5.22% on Wednesday. Following a 4.58% gain on Tuesday, Ethereum ended the day at $3,615.65. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,359.96 before making a move. While steering clear of the first major support level at $3,325, Ethereum fell through the 23.6% FIB of $3,369. Finding late morning support, however, Ethereum rallied to a late intraday high $3,621.15. Ethereum broke through the first major resistance level at $3,493 and… Source link

Getty Images Once a cumbersome, niche currency touted in the internet’s dark corners by… Source link

What happened Leading cryptocurrencies are climbing again after some volatile trading early in the week. Bitcoin (CRYPTO:BTC), Ethereum‘s (CRYPTO:ETH) Ether token, and Dogecoin (CRYPTO:DOGE) were up roughly 3.1%, 6%, and 3.8%, respectively, as of 4:15 p.m. EDT on Wednesday. Top cryptocurrencies fell on Monday as House Democrats announced new tax proposals that could mean higher taxes for high-frequency crypto traders. Comments from SEC Chair Gary… Source link

Bitcoin held above the $46,000 support level on Wednesday as bullish sentiment improves. The cryptocurrency was up about 3% over the past 24 hours, compared with a 5% gain in ether, the world’s second-largest cryptocurrency by market value, over the same period. Source link