Sell Signal Flashes Crypto analyst Ali Martinez has identified a sell signal from the Tom DeMark (TD) Sequential indicator on Bitcoin’s daily chart. This indicator has a strong track record of predicting Bitcoin trends, suggesting a potential correction. Historical Accuracy Martinez notes that the TD Sequential indicator has accurately predicted Bitcoin’s price movements in the…
Corrections Are Normal Bitcoin’s recent dip after reaching an all-time high is not surprising, according to market analyst Alex Thorn. In bull markets, corrections are common. Bitcoin experienced similar drops in 2021 and 2017. Profit-Taking Likely Crypto analyst Guy Turner suggests that profit-taking contributed to the pullback. Investors may have sold their Bitcoin after its…
The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Charles Edwards, CEO of Capriole Investments, believes Bitcoin is entering a new era of momentum. Here’s what his on-chain data analysis reveals: Key Metrics Energy Value: Bitcoin’s value based on energy input is currently $70,000, suggesting it’s fairly valued for the first time in two years. SLRV Ribbons: Ratio of short-term to long-term holders indicates…
Binance, the crypto giant, has put a stop to Solana (SOL) withdrawals due to a massive spike in network activity. Solana’s Lightning Speed, Now a Bottleneck Solana, known for its super-fast transactions, is facing congestion issues. Binance has temporarily suspended withdrawals since March 4, 2024, to address the problem. DeFi Boom Fuels Traffic Surge The…
Cardano Founder’s Prediction Charles Hoskinson, the founder of Cardano, believes the altcoin season will begin when Dogecoin (DOGE) surpasses Cardano (ADA) in market cap. DOGE vs. ADA DOGE and ADA are currently neck-and-neck, ranked 8th and 9th in market cap. DOGE briefly surpassed ADA on March 5th, but ADA regained its position after Bitcoin’s correction….
Soaring Bitcoin Prices and ETF Surge Bitcoin has been on a wild ride, reaching new heights of $69,018. This surge has also boosted other cryptocurrencies like ether and Solana. One major factor behind this growth is the increasing demand for spot bitcoin exchange-traded funds (ETFs). Spot Bitcoin ETFs: A Safer Way to Invest ETFs provide…
Understanding Cryptocurrency Cryptocurrency is a digital currency secured by cryptography and based on a decentralized network called a blockchain. Unlike traditional currencies, cryptocurrencies are not controlled by governments or banks. Benefits of Accepting Cryptocurrency Lower Transaction Fees: Cryptocurrency transactions often have lower fees than credit cards or bank transfers. Global Accessibility: Cryptocurrencies allow businesses to…
Crypto expert Ali Martinez predicts a breakout for a decentralized exchange (DEX) altcoin. GMX: Bullish Pattern Forming Martinez believes GMX is forming a bullish trend reversal pattern that could lead to a 60% surge. If GMX closes above $60, it could rally towards $90. Cardano (ADA): Positive Signs Martinez also sees potential in Cardano (ADA)….
Binance, the world’s leading cryptocurrency exchange, has announced the discontinuation of its services for the Nigerian naira. This move comes after the Nigerian government detained Binance employees and threatened a hefty fine. Government Allegations The Nigerian government accused Binance of manipulating the exchange rate of the naira, causing its value to drop by 70%. The…
