All articles tagged with #cryptocurrency analysis
Originally Published 5 months ago — by AMBCrypto
Ethereum's recent price increase above $3,860 is supported by bullish technical signals and positive institutional inflows, despite a slight decline in holder accumulation ratio and high profit-taking, suggesting potential for further growth in the coming months.
Originally Published 1 year ago — by Benzinga
Leading cryptocurrencies like Bitcoin and Ethereum saw reduced activity on Thanksgiving, with Bitcoin hovering around $95,000 and Ethereum dipping to the $3,500 range. Trading volumes decreased, and the dominance of these major cryptocurrencies fell as altcoins gained market share. Analysts suggest a potential shift from Bitcoin to altcoin season, with the altseason index nearing a critical threshold. Despite the quiet market, some altcoins like Algorand and The Sandbox saw significant gains. The global cryptocurrency market cap slightly contracted, while stock futures remained relatively stable.
Originally Published 1 year ago — by AMBCrypto News
After a period of accumulation, altcoins like XRP and Polkadot are showing bullish signs, with XRP having an advantage due to high buying pressure and positive sentiment, while Polkadot faces bearish sentiment and a declining long/short ratio. The recent price upticks for both tokens indicate the potential for leading the altcoin rally, but the unpredictable nature of the crypto market leaves the outcome uncertain.
Originally Published 1 year ago — by Coinpedia Fintech News
Analyst Cheeky Crypto explores Bitcoin's historical patterns and potential future scenarios, noting distinct bear markets leading up to halving events but also bullish indicators signaling potential upward momentum. Previous halving events in 2012, 2016, and 2020 have shown varying price actions, with Bitcoin historically experiencing substantial growth in the weeks and months following. Anticipation surrounds the upcoming fourth halving event in April 2024, with potential price targets estimated between $98,000 and $173,000. Despite uncertainties, Bitcoin is currently trading above $48,000, aiming for a rally to reach a record high of $50,000, driven by excitement over a new exchange-traded fund (ETF) and the upcoming halving.