The year 2021 was marked by several major breakthroughs for cryptocurrencies. For one, new crypto applications like non-fungible tokens (NFTs) gained ground, with sales of these digital assets setting new records at major auction houses. Secondly, Bitcoin made strides towards mainstream acceptance, with major websites like Expedia and Microsoft accepting the coin as a means of exchange. Third, in September, El Salvador became the first country in the world to accept bitcoin as legal… Source link

On Sunday, December 19, a dormant address that received 235 bitcoin in 2013 was activated after more than nine years of sitting idle. Bitcoin’s price has dropped lower after reaching its all-time high on November 10, and throughout December, records show a great number of so-called ‘sleeping bitcoins’ have activated during this period. Dormant Addresses Wake up After Years of Slumber The day that bitcoin (BTC) tapped an all-time price high at $69K per unit on November 10, a… Source link

Bitcoin (BTC) prepared a showdown with a key moving average (MA) price trend on Dec. 19 with time running out for a strong 2021 close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “I vote we bounce and stay bull” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at $47,000 Sunday, still firmly in an established range. That price is currently the location of Bitcoin’s one-year MA trendline, an important historical line in the sand that has enabled… Source link

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This is the tech analysis for Bitcoin (BTC). We will be looking at movements from the day prior and today’s support, resistance, pivot levels, and Fibonacci’s. Additionally, we will look at the broader market moves on the day prior and any key market drivers. Please see the end of the article for a full video tech analysis including a look at the EMAs. Bitcoin’s Day Prior Moves Bitcoin, BTC to USD, rose by 1.54% on Saturday. Partially reversing a 3.10% slide from Friday, Bitcoin ended… Source link

Since hitting an all-time high at $4,870 on Nov. 10, Ether (ETH) price has been posting lower lows over the past 50 days. If this downtrend continues, the lower trendline support suggests that the altcoin will bottom at $3,600. Still, derivatives data is signaling that pro traders are not concerned about the seemingly bearish market structure. Ether/USD price on FTX. Source: TradingView Notice how the price peaks are getting lower on the 12-hour time frame as mounting regulatory concerns drive… Source link

While the top altcoin was up by nearly 4.4% in 24 hours, Litecoin and Stellar marked similar daily gains on their charts at press time.  Avalanche continued its rally after seemingly leading the recovery phase. Avalanche (AVAX) TradingView, AVAX/USDT AVAX became one of the few cryptos that witnessed a soaring week. The crypto registered a staggering 42.1% seven-day ROI. Although it invalidated its long-term bullish trendline (since July), it bounced back the 61.8% golden Fibonacci

Bullish traders that drank the “Bitcoin to $100,000 by year-end” Kool-Aid are now coming to terms with the fact that there may be no Santa Claus rally to wrap up 2021. At the moment, the pipe dream has morphed into simple hopes that the top cryptocurrency can at least finish the year above $50,000.  Data from Cointelegraph Markets Pro and TradingView shows that the bounce in price seen in BTC following remarks from Federal Reserve Chair Jerome Powell has pretty much evaporated and over the… Source link

What happened Following a day of sell-offs on Friday, the cryptocurrency market is posting some recovery momentum on Saturday. As of 10 a.m. ET, Bitcoin (CRYPTO:BTC) was up roughly 3.3% from the stock market’s closing bell on Friday. Meanwhile, Ethereum (CRYPTO:ETH) and Dogecoin‘s (CRYPTO:DOGE) tokens were up roughly 6.4% and 6%, respectively, over the same period. Crypto prices began soaring in October and continued to gain ground until momentum… Source link

A technical sell signal is about to appear on the Bitcoin (BTC) daily chart. On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In this case, Bitcoin’s 20-day exponential moving average (20-day EMA) will close below its 200-day exponential moving average (200-day EMA). The indicator may end up alerting traders and investors about a potential selloff in the coming sessions, given its… Source link