Tags : Breakout

Bitcoin

Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing

Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling pressure over the last few trading sessions as it attempts to close above $60,000. The […]Read More

Bitcoin

App maker Meitu buys another 175 BTC, pushing Bitcoin closer

Institutional and retail demand for cryptocurrencies is at an all-time high. Tesla’s bold move to allocate some of its wealth into Bitcoin seems to have encouraged other firms to diversify into digital assets.  One of the many firms that want to avoid “the risks of missing out on the potential for Bitcoin becoming the global […]Read More

Bitcoin

Ethereum Hits $2K For the First Time Since February; Breakout

Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world’s second-largest cryptocurrency market. The ETH/USD exchange rate surged to $2,007 during the Asia-Pacific trading session Friday. The pair’s move uphill coincided with a drop in the Bitcoin Dominance Index — a metric that […]Read More

Bitcoin

Cardano (ADA) Set to Hit $1.50 on Classic Triangle Breakout

Key Cardano Takeaways Cardano’s ADA, now the third-largest cryptocurrency by market capitalization, maintains its top rankings as it sustains its uptrend three days in a row. The ADA/USD exchange rate’s uptrend comes as a breakout-move of its previous Descending Triangle range. That raises the pair’s potential to hit $1.50 in the coming sessions. Ethereum’s top […]Read More

Bitcoin

Calls for Bitcoin Breakout Above $50,000 Grow; 3 Reasons Why

A recent runup in the Bitcoin market has prompted many analysts to see BTC/USD pair closing above $50,000 in the coming daily sessions. The market strategists see the pair doing extensively well despite the sell-off that crashed its prices by more than 21 percent last week—its worst weekly performance since March 2020. This renewed optimism […]Read More

Bitcoin

Bitcoin (BTC/USD) Signals Falling Wedge Breakout to Retest $58,000

Bitcoin opened this week in positive territories, looking to recapture its record high levels after crashing to its three-week lows in the previous session. The benchmark cryptocurrency was up 4.70 percent ahead of the London morning bell, hitting an intraday high shy of $47,500 after bouncing off its 200-4H simple moving average wave. Its sharp […]Read More

Bitcoin

Elon Musk Adds “Bitcoin” to Twitter Bio as BTC Posts

Elon Musk has long teased his interest in Bitcoin, but his advocacy for the cryptocurrency was solidified today when he added #Bitcoin to his Twitter bio This change coincided with a massive green candle seen by BTC that sent it rocketing up to highs of nearly $39,000 this morning It remains unclear as to whether […]Read More

Litecoin

On-chain network activity shows Litecoin (LTC) is preparing for a

Activity on the Litecoin network is seeing a resurgence amidst a broader bull run in the crypto markets, on-chain data metrics show. The fundamental sentiment is similarly growing, especially as the date for a MimbleWimble implementation draws closer. Franklyn Richards, the founder of the Litecoin Foundation, said in a tweet that Litecoin’s network activity is […]Read More