Analyst Benjamin Cowen predicts a potential significant correction for Bitcoin (BTC). Retesting Resistance Levels Cowen notes that BTC historically retests previous resistance levels as support before rising further. However, he points out that BTC did not retest $30,000 as support during its recent climb above $60,000. This could indicate a potential 50% drop in value….
Dogecoin Analyst Altcoin Sherpa predicts substantial profits for Dogecoin (DOGE) during the next bull market. While not a groundbreaking investment strategy, DOGE offers high chances of multiplying your investment. Sherpa advises buying now and holding until a significant price surge occurs. Solana Sherpa expresses mixed feelings about Solana (SOL). Its recent performance has been underwhelming,…
Quant analyst PlanB predicts that Bitcoin has entered the bull market phase, characterized by intense price surges and volatility. Phases of Bitcoin’s Market Cycle PlanB outlines four phases of Bitcoin’s market cycle: Accumulation: Steady growth with gradual price increases Bull Market: Extreme price pumps and “face-melting FOMO” Distribution: Price peaks and gradual decline Bear Market:…
Bitcoin has been on a roll lately, reaching $64,000 on Sunday. Now, analysts are looking at a key level that could determine its next direction. Support and Resistance Analyst Ali Martinez has identified a “substantial support area” between $61,100 and $61,800. If Bitcoin can hold above this level, Martinez expects it to rise towards $65,900….
Bitcoin is hovering around $60,000, close to breaking its all-time high. This would be a significant milestone, as Bitcoin typically sets new records only after its halving events. The Halving’s Impact The halving reduces the number of new Bitcoins entering circulation, making the supply more scarce. This can lead to higher prices, especially when demand…
Project Expansion and Collaborations Shiba Inu’s lead developer, Shytoshi Kusama, has announced plans to showcase the project’s capabilities. Kusama revealed that the team has made new connections and will be holding a “full-day meeting” to discuss potential collaborations. This suggests that Shiba Inu may be exploring partnerships to enhance investor value. Limited Funding and Upcoming…
Upgrade Proposal The Terra Classic community has proposed a major upgrade to revitalize the network. The upgrade will introduce: IBC-Hooks and Package Forward Middleware (PFM) for improved dApp integration End-to-End (E2E) and Interchain Testing Suite for enhanced testing Security bug fixes to protect the network Community Support The community has recently approved several proposals aimed…
Enhanced Powers for Law Enforcement The UK is cracking down on cryptocurrency crimes with new powers for law enforcement agencies. Under the Economic Crime and Corporate Transparency Act 2023, authorities can now: Freeze digital assets suspected of criminal activity, even without a conviction Seize crypto assets from exchanges and wallets Destroy seized assets in extreme…
Rumors Swirl Over the weekend, rumors spread like wildfire that Qatar had invested a hefty sum in Bitcoin. The buzz started after Anthony Scaramucci, founder of Skybridge Capital, hinted at Qatar’s involvement on Twitter. Origin of the Speculation The rumors took root in September 2023 when Qatar’s Emir, Tamim Bin Hamad, visited El Salvador, a…
A renowned trader has identified a bullish signal for Dogecoin (DOGE) using a momentum indicator. The analyst, known as Bluntz, shared his findings with his followers on social media. Dogecoin’s Bullish Reversal Bluntz analyzed the Dogecoin versus Bitcoin pair (DOGE/BTC) and observed a strong bullish reversal signal on the weekly chart. He noted that this…
