Price Action on the 4-Hour Chart ADA has plummeted over 30% from its peak of $0.8107. It’s currently trading around $0.4604, down 0.65% in the past 24 hours. The price has failed to cross above the trendline, pushing it further down. It’s also trading below the 100-day moving average, indicating a sustained decline. The RSI…
User Privacy in Bitcoin Samson Mow, CEO of Jan3, recently discussed the importance of user privacy in Bitcoin. He highlighted Satoshi Nakamoto’s original vision for a system that doesn’t rely on trusted third parties like banks. Bitcoin uses anonymous private keys to protect user identities while keeping transactions publicly recorded on the blockchain. Balancing Transparency…
JPMorgan Chase and Bank of America The two largest banks in the US, JPMorgan Chase and Bank of America, have reported significant losses due to unpaid debt. JPMorgan Chase Net charge-offs (unrecoverable debt) reached $2 billion in the first quarter of 2023. This is double the amount of unpaid debt compared to the same period…
A prominent crypto analyst, Benjamin Cowen, warns that altcoins are about to experience a sharp decline against Bitcoin (BTC). Altcoins Losing Ground Cowen’s analysis of the TOTAL3 chart, which tracks the market capitalization of all altcoins excluding Ethereum (ETH) and stablecoins, shows a bearish trend against Bitcoin. This suggests that altcoins may face a significant…
A crypto analyst, Altcoin Sherpa, predicts a significant rally for Solana (SOL) later this year. He believes SOL could reach $500 or more, a potential increase of 267% from its current price. Key Fibonacci Levels for SOL Altcoin Sherpa identifies key Fibonacci levels at $138 and $116 as potential areas for a retest. At the…
Cryptocurrency analyst Bluntz has identified NEAR Protocol (NEAR) as a standout performer in the current market. NEAR’s Market Dominance Bluntz believes NEAR has outperformed its competitors and is poised to make significant gains. He notes that the altcoin has continued to reach new highs while others have stalled. Target Price and Elliott Wave Analysis Based…
AI Predicts a Surge Cryptocurrency enthusiasts are buzzing about a deep learning model’s prediction that Bitcoin (BTC) will skyrocket to $77,000 within the next month. However, experts caution investors to be skeptical. Bitcoin’s Current State Bitcoin has been stuck around $64,000 for the past week, leaving investors uncertain about its next move. AI’s Optimistic Outlook…
Bitcoin has been on a downward slide after failing to break above key resistance levels. Indicators Suggest Bearish Trend 4-Hour Moving Average: Bitcoin is trading below its 100-day moving average, indicating a downtrend. 4-Hour RSI Indicator: The RSI is below 50%, suggesting a bearish trend. 4-Hour MACD Indicator: The MACD histograms are below zero, further…
Bull Flag Formation A bull flag pattern has emerged on Bitcoin’s chart, indicating a potential reversal and upward trend. Denis Baca, from Zivoe Finance, believes this pattern suggests Bitcoin could rise to $100,000 once volume increases. Potential Dip Before Surge Baca notes that Bitcoin may dip below $60,000 before making a significant move upward. This…
Bitcoin’s Stalled Rally Despite the recent halving event, Bitcoin’s price has remained stuck in a narrow range. Investors are growing impatient and calling for a sell-off. Increased Sell Calls on Social Media According to Santiment, social media posts about selling Bitcoin have spiked. This indicates a shift in sentiment, with bearish calls outweighing bullish ones….
