Markets

BTC’s weekly close above the 21-week and 200-day moving averages flashed the largest technical buy signal since April 2020, marking a major step forward for potential bull market continuation. Although this is a very bullish signal for BTC, it is important to see follow-through higher in the weeks ahead to validate it. Chart by TradingViewThere has been a bearish divergence forming on the 4-hour and daily BTC chart for over a week, signaling near-term caution on the...

Tron price started a fresh increase above the $0.0800 resistance against the US Dollar. TRX price is now trading near $0.0850 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0815 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher as long as it is above the $0.0810 and $0.0800 support levels. TRON price is trading in a positive zone above $0.0800 against the US Dollar, similar...

The world’s leading cryptocurrency exchange has appointed Greg Monahan – a former US Treasury Criminal Investigator. Monahan will serve as Binance’s new Global Money Laundering Reporting Officer. The company announced its latest hiring in its attempts to comply with global watchdogs in a press release shared with CryptoPotato. It explained that Monahan has a 30-year of experience in credit government service, with a large part being as a US Treasury Criminal Investigator. He...

Bitcoin price failed to clear the $48,000 resistance against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $43,750 and $42,500 support levels in the near term. Bitcoin price is losing pace above $45,000 against the US Dollar. BTC...

ETH/USD – Ether Bearish Divergence Continues At $3300 Key Support Levels: $3150, $3035, $3000.Key Resistance Levels: $3350, $3400, $3540. Ethereum saw some positive price developments toward the end of last week as it surged above the previous $3150 resistance on Friday. It continued to climb as high as $3330 over the weekend but could not break above it. Yesterday, ETH dipped as low as $3100 but quickly rebounded to heads back toward $3300 when the candle closed....

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After a weekend with wild swings and liquidations, BTC bulls managed to push the price higher, making the first weekly close above the 21-week and 200-day moving average. Technical analysts consider this a major buy signal, as it has led to significant rallies for bitcoin. Chart by TradingViewThe last time this occurred was April 2020, right after the March COVID-19 crash that sent all risk assets plummeting. After reclaiming the 21-week and 200-day moving average, BTC...

Stellar lumen price started a decent increase above the $0.3000 resistance against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3700 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.4000 and $0.4050 resistance levels. Stellar lumen price is showing positive signs above $0.3500 against the US Dollar, similar...

Ripple price gained traction and it rallied above $1.00 against the US dollar. The price is now trading well above the $1.10 resistance and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $1.32 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $1.10 support zone. Ripple price is trading in a positive zone above $1.10 against the US...

At the time of writing, bitcoin – the world’s number one digital currency by market cap – has taken a small dive. Over the past couple of days, the currency has been trading in the $45,000 – $46,000 range, and many thought the asset was making its way clear to $50K. However, it looks like once again bitcoin moved a little too quickly for its own good. The asset has since fallen back a bit into the low $44,000 range, and many analysts are hoping BTC can take a breather....