Support Team

Sellers are now lying in wait above $49,000 as bulls avoid another tumble toward support at $43,000. Market Update Bitcoin (BTC) tentatively reclaimed $47,000 on Wednesday in a move that analysts believe should open up the path to $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls escape another retest of lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being [...]

Steady development and strong fundamentals suggest that DOT's rally toward a new all-time high is in the making. Altcoin Watch The recent 256% Polkadot (DOT) recovery over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin's $39 billion market capitalization has outperformed the Ether (ETH) by 66% over [...]

RGT, CRV and SNX saw double-digit rallies after new governance proposals and migrations to layer-2 platforms. Market Update Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains.Top 6 coins [...]

Whales keep a $50,000 moonshot at bay so far, but seasoned hodlers are already in control of more of the BTC supply than at any time since October 2020. Market Update Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHodlers vs. whales in the battle for $50,000 [...]

Bearish sellers seem to be trying to stop a rising tide as overall buy and hodl demand takes precedent this week. Markets News Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms.In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR).Bitcoin bears [...]

Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. Market Analysis The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and [...]

The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure. Altcoin Watch A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern.Dubbed as the "ascending broadening wedge," the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, [...]

It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large. Market Update Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin threatens loss of $44,000 “demand zone”Data from Cointelegraph Markets Pro and TradingView [...]

BTC spot price action looks gloomy on Monday, but as traders, analysts and more note, there are practically no reasons to be bearish on Bitcoin. Markets News Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What's next?Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased [...]

While Bitcoin price is fighting to hold above the 200-day SMA, ALGO, ATOM, XTZ, and EGLD continue to march higher. Price Analysis Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average, which is considered as an important level by institutional investors attempting to decide whether the asset is bullish or bearish.Along with this, crypto investors [...]

The bullish setup emerges as traders raise their upside bets in smart contract protocols that rival Ethereum. Altcoin Watch Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12.Dubbed as "Bull Flag," the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, Bull Flags [...]

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekUkraine passes legislation to recognize and regulate cryptoThe Ukrainian parliament adopted the draft law “On Virtual Assets” Wednesday, which legally recognizes crypto [...]

Ethereum competitors and layer-one projects are capitalizing on the network’s untenable gas fees by launching mining and developer incentives that are also boosting token prices. Market Analysis In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the [...]