The Monero (XMR) price is expected to break out from its current pattern as long as it stays above the $135.3 support area. Zcash (ZEC) is also trading inside a descending parallel channel, but its outlook is more bearish due to it trading below the $53 resistance area. XMR Price Bounce Hints at Breakout XMR has been decreasing inside a descending parallel channel since reaching a high of $174.2 on Aug. 16. The downward movement has twice (green icons) led to lows near the 0.5 Fib… Source link

Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingView Investors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bulls to keep the… Source link

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on?  Let’s take a look at three data points that predict a spike in Bitcoin volatility. Muted volatility and seller exhaustion According to Glassnode research, the… Source link

Ethereum price’s early week rebound stalls at $1,340. Justin Bons, the founder of Cyber Capital, reckons that no ETH transaction has been stopped or censored since the Merge. A break below the 50-day SMA on the eight-hour could drag ETH price closer to validating a falling triangle breakout. Ethereum supply in loss rises to 52 million, hinting at a bullish price move. Ethereum price seems relatively unchanged on Tuesday after bulls propelled it to $1,340 on… Source link

Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among… Source link

Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among… Source link

As we near the end of 2022, the current offerings in the cryptocurrency marketplace are as complex and varied as they have ever been. Myriad options have flooded an already crowded market. Whatever your priorities are for a currency, analyzing the unlimited potential futures of coins can be like trying to read hieroglyphs: complicated, specialized, and open to interpretation. In this article, we’ll lay the facts surrounding three cryptocurrencies that have made a splash recently, from… Source link

Following the implementation of the Merge update and the spike in network activity, Ethereum’s price has decreased by more than 98%. Under the PoW mechanism, in the same period, more than $500 million worth of ETH would have been on the market. Since implementation of the major update, only 6,500 ETH has been issued on the network. At the current price level, it is worth around $8.5 million. Such a low inflow to an asset with almost $10 billion in volume technically makes fresh selling… Source link

Bitcoin was trading at its highest level in the past five days on Tuesday, as prices rose past a key resistance point. Ethereum also rallied to a similar milestone earlier in today’s session, as cryptocurrency markets continue to move away from recent bearish sentiment. As of writing, the global market cap is trading 0.38% higher. Bitcoin Bitcoin moved to its highest point in five days on Tuesday, as bearish sentiment began to gradually fade. BTC/USD hit an intraday high of… Source link

If the price rises by 10% to $11,000, the profit of $1,000 will be paid in BTC valued at the current market price ($11,000). In other words, the trader will earn a profit of 0.09 BTC or 9% on one BTC. On the contrary, if the market drops by 10% to $9,000, the trader will lose $1,000, amounting to a loss of 0.11 BTC or 11% on one BTC. Source link