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CATEGORY: rebound


Apr 07, 2025 12:10

Chainlink (LINK) Targets Rebound To $19 But Only If This Key Support Holds

Despite a widespread weekly gain in the crypto market, Chainlink (LINK) remains under significant bearish pressure printing losses across multiple time frames. Since hitting a local price peak of $29.28 in December, the altcoin has slipped into a downtrend losing over 56% since then. Amid this negative performance, top crypto analyst Ali Martinez postulates LINK could soon experience some short-term price gain. Related Reading: Massive Chainlink Demand Wall At $6.26 As 90K Investors Buy 376M LINK LINK Recovery Depends On Critical Trendline Support  In a recent post on X, Martinez shares a positive technical outlook on LINK hinting the altcoin is likely to experience an upswing. This price forecast is based on a crucial ascending trendline that has acted as price support since mid-2023, ensuring a consistent formation of higher lows and higher highs. Based on the trading chart by Martinez, Chainlink is currently heading for a retest with the identified trendline near the 0.5 Fibonacci retracement level at $12.00. If LINK bulls can induce a sufficient surge in demand at this level, the following price bounce could ignite a bullish reversal. Looking at historical price patterns, such a price rally could drive Chainlinks price to around $19, which represents the next resistance zone. In the presence of robust buying pressure, the altcoin could even rise as high as $30 suggesting a potential 147% price increase on current market prices. On the other hand, a failure to stay above $12.00 would cause an initial price decline to around $10.00, with the potential to trade as low as $5.00. Related Reading: Bitcoin Taker Buy Volume Witnesses Notable Spike Is BTC Price Next? Chainlink Integrated Into PayPals Ecosystem In other news, prominent American payment platform PayPal Holdings has announced the inclusion of Chainlink in its crypto offerings. In a statement released on April 4, PayPal stated that users will now be able to buy, hold, send, and receive Chainlink and Solana (SOL) on both their PayPal and Venmo wallets. This development marks a significant step in the mainstream integration of LINK which is crucial to driving token demand in the future. In addition to both tokens, PayPal also offers users access to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). At press time, LINK continues to trade at $12.91 reflecting a 0.62% decline in the past 24 hours. On larger time frames, the token maintains a bearish form with losses of 5.03% and 21.81% in the past seven and thirty days respectively. According to data from Coincodex, investor sentiments in the LINK market remain highly bearish with a Fear & Greed Index of 26 signaling near-extreme fear. However, the analysts at this firm foresee a price rebound similar to Martinez’s with a forecast of $15.32 in five days and $17.46 in a month.  Featured image from Virtune, chart from Tradingview

Apr 06, 2025 05:55

Crypto Business: Leaving the Shadow of FTX Collapse, Worst Quarter Hopes for Rebound

The cryptocurrency industry has experienced its most challenging quarter since the collapse of the FTX exchange. Market volatility, regulatory crackdowns, and concerns about security have all contributed to the struggles facing crypto businesses. Despite the setbacks, there are still opportunities for growth and innovation in the industry. Companies that can adapt to changing market conditions [...]

The post Crypto Business: Leaving the Shadow of FTX Collapse, Worst Quarter Hopes for Rebound appeared first on Crypto Breaking News.

Apr 05, 2024 08:20

Polygon Observes Buy Signal: Analyst Suggests MATIC Rebound To This Level

An analyst has explained how a buy signal forming in the price of Polygon (MATIC) could lead to the asset rebounding towards these price targets. Polygon Is Showing A TD Sequential Buy Signal Right Now In a new post on X, analyst Ali has discussed about the a Tom Demark (TD) Sequential signal forming in [...]

The post Polygon Observes Buy Signal: Analyst Suggests MATIC Rebound To This Level appeared first on Crypto Breaking News.

Apr 04, 2025 06:05

Bitcoin Plunges by 8%, US Markets Lose $2 Trillion Will Traders See an Overbought Rebound?

Bitcoin experienced an 8% decrease in value, leading to a $2 trillion loss in the US markets. Traders are now wondering if an oversold bounce can be expected amidst the current market conditions. The sudden drop in Bitcoin’s price has had a ripple effect on the overall financial markets in the United States. This significant [...]

The post Bitcoin Plunges by 8%, US Markets Lose $2 Trillion – Will Traders See an Overbought Rebound? appeared first on Crypto Breaking News.

Apr 21, 2024 12:05

Analyst Predicts Cardano (ADA) To Rally By 75% As MVRV Ratio Plummets

In recent weeks, ADA, the native token of the Cardano network. has drawn much speculation due to a rather turbulent price performance resulting in a decline of 18.77% in the past month. This negative price movement is similar to the majority of the cryptocurrency market following unprecedented massive dips in the price of Bitcoin.  However, despite ADAs troubles, popular crypto analyst Ali Martinez is backing the coin to pull off a remarkable rebound. Interestingly, Martinezs prediction comes as the digital asset attempts to find its feet, gaining by 9.92% in the last day, according to data from CoinMarketCap. Related Reading: Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches Ultimate Support Test ADA Tipped To Hit $0.80, Record Yearly High In a post on X on April 19, Ali Martinez shared that ADA may soon record an impressive price surge. Martinez predicted the tenth largest cryptocurrency could soon record a 75% gain due to its MVRV Ratio being lower than -22%. For context, the Market Value to Realized Value (MVRV) ratio is a metric used in crypto technical analysis to assess the valuation of a digital asset relative to its realized value. It is basically used to know if a token is overvalued or undervalued based on its market price compared to the average cost basis of its holders.   An MVRV ratio of -22% indicates that the market value of ADA  is significantly less than its realized value. However, Ali Martinez notes the last time the coin was this undervalued was in June 2023, after which it rose by 75% in the next month.  Based on such historical price data, the crypto analyst predicts ADA could replicate a similar performance over the next few weeks, attaining a market price of $0.80, which would represent its highest value in the last year. At the time of writing, ADA trades at $0.46, with a 2.43% gain in the last hour. In a similar fashion, the tokens daily volume is up by 43.07% and $595.30 million. Related Reading: Cardano (ADA) Prints Undeniable Bull Run Signal: Crypto Analyst Cardano Launches New Era Of Decentralized Governance  In other news, the Cardano network is set to commence a new era in decentralized governance, according to an announcement by the CEO of the Cardano Foundation, Frederick Gregaard. In an X post on April 18, Gregaard stated the full constitution for this change in government is on the horizon, with an interim constitution now going into effect. According to the Cardano Foundation boss, the interim constitution emphasizes core network values such as transparency, openness, and responsible decision-making. It aims to grant each ADA holder an influence in determining the future of the Cardano ecosystem via an inclusive government in which all stakeholders are privileged to certain rights and responsibilities as listed in the constitution.  ADA trading at $0.4778 on the daily chart | Source: ADAUSDT chart on Tradingview.com Featured image from Forbes, chart from Tradingview

Apr 18, 2025 05:50

4 Ways Crypto Prices Could Rebound in Q2 After the Most Challenging Quarter

The first quarter of the year saw a reversal in cryptocurrency performance compared to the second quarter, according to Bitwise. The company highlighted four key factors influencing this shift. In the volatile world of cryptocurrency, Q1 brought unexpected twists as digital assets experienced a different trajectory compared to Q2. Bitwise, a prominent player in the [...]

The post 4 Ways Crypto Prices Could Rebound in Q2 After the Most Challenging Quarter appeared first on Crypto Breaking News.

Apr 16, 2024 12:05

Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales during the recent drop, but had still managed to remain above the level. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the cost basis (that is, the acquisition price) of the average investor in the Bitcoin market. Related Reading: PEPE Preparing For A 54% Move? Analyst Thinks So When the spot price of the cryptocurrency is trading above this level, it means that the investors as a whole are in a state of unrealized profits right now. On the other hand, it being under implies the overall market is carrying losses. In the context of the current discussion, the Realized Price of the entire Bitcoin market isn’t of interest, but that of only a part of it: the short-term holder (STH) whales. The STHs refer to the BTC investors who bought their coins within the past 155 days, while the whales are categorized as entities holding greater than 1,000 BTC. As such, the STH whales would refer to the large investors who bought during the last five months. Naturally, the Realized Price of this group would indicate the average whale buying price over the past five months (and this price would obviously have to be one the cryptocurrency had traded at on some occasion inside this timeframe). Now, here is a chart that shows the trend in the Bitcoin Realized Price for the STH whales over the last decade: The value of the metric appears to have shot up in recent months | Source: CryptoQuant From the graph, it’s visible that the Realized Price of the STH whales has rapidly climbed alongside the sharp rally Bitcoin has gone through this year. This makes sense, as the STHs represent the new hands coming into the market, who would have to buy at higher prices as the asset’s surge would continue. Not only that, but the STHs who age past the 155 days mark (that is, those who bought at the relatively low prices) exit out of the cohort, thus raising the average even further. The group that these matured investors advance to is known as the long-term holder (LTH) cohort. In the same chart, the quant has also attached the data for the Realized Price of the LTH whales as well. It would appear that these veteran whales have their cost basis at just $21,500, meaning that these investors would be getting some big rewards for their patience. In contrast, the STH whales have their Realized Price at $60,700. Related Reading: Dogecoin Usurped: These Memecoins Overtake DOGE In Active Trader Count During Bitcoin’s recent drawdown, the asset had come close to retesting this mark. Such retests have historically lead to reactions in the market and during bull runs, this reaction has often appeared in the form of buying. This may be why the cryptocurrency found its rebound near the $60,700 level. BTC Price With its latest rebound, Bitcoin has so far managed to recover back towards the $66,500 level. Looks like the price of the coin has made some recovery from its recent drop | Source: BTCUSD on TradingView Featured image from Thomas Kelley on Unsplash.com, CryptoQuant.com, chart from TradingView.com

Mar 07, 2025 05:55

Reasons Behind Bitcoin Price Rebound Breakdown Before Reaching Key Level

After showing signs of recovery, the Bitcoin price rally faltered just before reaching a critical level. Let’s explore the reasons behind this unexpected breakdown in the market. Bitcoin, the leading cryptocurrency, experienced a brief resurgence in value before encountering a significant resistance level. This sharp reversal puzzled many investors who were hopeful for a sustained [...]

The post Reasons Behind Bitcoin Price Rebound Breakdown Before Reaching Key Level appeared first on Crypto Breaking News.

Mar 05, 2025 05:50

Bitcoins Price Holds Steady at $83K While Investors Monitor S&P 500 Rebound

Bitcoin Price Holds Steady around $83k as Investors Monitor S&P 500 Bounce Back The price of Bitcoin has shown resilience, maintaining stability around $83,000 as investors closely watch the recovery of the S&P 500. This steady performance indicates a possible correlation between the two markets as the S&P 500 starts to bounce back from recent [...]

The post Bitcoin’s Price Holds Steady at $83K While Investors Monitor S&P 500 Rebound appeared first on Crypto Breaking News.

Mar 05, 2025 05:50

Bitcoin inches closer to $80,000 as USD rebounds from 12-week low

Bitcoin is edging closer to the $80,000 mark as the US dollar hits a 12-week low. The popular cryptocurrency has been steadily climbing in value, fueled by a weak dollar and increased investor interest. This surge in Bitcoin’s price is a clear indication of the growing acceptance and adoption of digital currencies in the mainstream [...]

The post Bitcoin inches closer to $80,000 as USD rebounds from 12-week low appeared first on Crypto Breaking News.

Apr 01, 2025 05:50

Bitcoin Whales Boost Accumulation Amid Bullish Trend Resembling 2020, Following $81K Price Rebound

Bitcoin whales have once again started accumulating the cryptocurrency, a trend that bears a striking resemblance to the bullish activity witnessed in 2020. This accumulation comes on the heels of Bitcoin’s price bouncing off the $81,000 level, sparking renewed interest among large holders. The data shows that whales, defined as entities holding at least 1,000 [...]

The post Bitcoin Whales Boost Accumulation Amid Bullish Trend Resembling 2020, Following $81K Price Rebound appeared first on Crypto Breaking News.

Mar 31, 2025 12:05

Bitcoin Breaks Falling Wedge Is $110,000 The Next Stop?

A popular market analyst with X username Satoshi Flipper has predicted that Bitcoin could experience a full market rebound after breaking out from a falling wedge pattern. The premier cryptocurrency rose to above $88,000 in this past trading week before experiencing a sudden crash on Friday driven by macroeconomic pressures. Related Reading: Bitcoin CME Gap Close About To Happen With Push Toward $83,000 What Happens Next? Bitcoins Falling Wedge Breakout Sparks Rally Hopes  In a recent X post, Satoshi Flipper reports that Bitcoin has broken out of a falling wedge formation on its daily chart, hinting at a potential price uptrend. For context, the falling wedge, as seen in the chart below, consists of two converging downward-sloping lines due to the consistent formation of lower highs and lower lows. It is a classical bullish reversal pattern with a price breakout being considered a strong buy signal.   Following the price surge in the past week, Bitcoin decisively breached the upper boundary of the falling wedge showing intentions of a price rally. However, market bulls faced strong resistance at the $88,000 price region before the US announcement of new international tariffs induced a significant price loss. Albeit, Bitcoin continues to trade on the edge of the wedges upper boundary between $82,000 – $84,000 suggesting the recent decline might be a simple retest. According to Satoshi Flipper, if a price reversal occurred, BTC could surge as high as $110,000 representing a potential 32.53% gain on current market prices. Concerning this postulated price rally, the major resistance zones would lie at $88,000, $98,000, and $105,000. However, if BTC loses its current support floor, prices would likely slide to $78,000. Related Reading: XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 BTC Exchange Fees Rise By 77% In other news, on-chain analytics firm IntoTheBlock reports the Bitcoin network recorded $4.2 million in network fees over the past week. This development marks a change from the decline seen in recent weeks and represents a staggering 76.7% gain in values from the immediate previous week. Meanwhile, IntoTheBlock also notes a net outflow of $300 million from the exchange, indicating a bullish market sentiment as investors preferred to move their holdings to private wallets, likely in anticipation of a price gain. These net flows, combined with an increase in network fees, signal a healthy market demand for Bitcoin. At press time, the premier cryptocurrency continues to trade at $83,390 following a 0.47% decline in the past day and 0.92% in the past seven.  With a market cap of $1.66 trillion, BTC remains the largest cryptocurrency in the world. Featured image from BBC, chart from Tradingview

Mar 19, 2024 12:05

Bitcoin Sentiment Cools Off, Price Rebound Soon?

The Bitcoin Fear & Greed Index shows that the sentiment around the asset has cooled off a bit recently, something that could pave the way for a rebound. Bitcoin Fear & Greed Index Has Gone Through Some Decline Recently The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among the investors in the Bitcoin and wider cryptocurrency market To determine the trader mentality, the index takes into consideration for these five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. Related Reading: Bitcoin FOMO: Over 533,330 Addresses Bought Above $70,180 The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. A score of 46 or less implies the presence of fear among the investors, while that of 54 and above suggests greed in the market. The territory between these two (47 to 53) naturally corresponds to the neutral mentality. Besides these three sentiments, there are also two extreme sentiments called “extreme greed” and “extreme fear.” The extreme greed occurs at values above 75, while the extreme fear takes place below 25. Historically, these two sentiments have been quite relevant for BTC’s trajectory. Tops have generally tended to form when the investors have held the former sentiment, while bottoms have been probable to happen when the market has been in the latter region. At present, the traders are holding a mentality of extreme greed, as the latest data of the Bitcoin Fear & Greed Index shows. Looks like the value of the metric is 77 at the moment | Source: Alternative As is visible, the indicator’s value is 77 right now, meaning that while it’s indeed inside extreme greed, it’s only so just. This is a fresh change from how it has been recently, as the chart below displays. The value of the indicator appears to have been going down recently | Source: Alternative From the graph, it’s visible that the Bitcoin Fear & Greed Index has mostly stayed deep inside the extreme greed region recently. On the 14th of this month, the indicator hit the 88 mark, and alongside this high, the BTC price registered its current all-time high of about $73,800. Since this peak, though, the asset has plunged, and it appears that alongside it, so has the sentiment among the traders. As mentioned earlier, tops have been more likely to occur when the market has shared a mentality of extreme greed and this probability has generally only gone up the more extreme levels the metric has hit. This could perhaps explain why the recent top occurred when it did. Another top this month, the one that took place on the 5th, also coincided with high values in the Fear & Greed Index (a peak of 90 this time). Related Reading: Bitcoin To $53,200? Why History Says Its Possible Shortly after this earlier peak and the plummet in the cryptocurrency that had followed, the asset found its bottom as the metric briefly exited the extreme greed region. As the Bitcoin Fear & Greed Index is once again looking to dip outside this territory, it’s possible that a bottom may be near for the price this time as well. It now remains to be seen if the sentiment would cool down enough in the coming days so as to leave the extreme region behind, at least temporarily. BTC Price Bitcoin had plunged towards $64,500 during the weekend, but it seems the coin has made some recovery in the past day as it’s now back at $68,000. The price of the coin seems to have gone through some volatility recently | Source: BTCUSD on TradingView Featured image from Yiit Ali Atasoy on Unsplash.com, Alternative.me, chart from TradingView.com

Jul 25, 2023 04:50

Will Bitcoin Rebound? This Metric May Be The One To Watch

The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin. Generally, investors make use of these fiat-tied tokens whenever they want to escape the volatility associated with other assets in the market, like BTC. Such investors, however, are likely to buy back into the volatile cryptocurrencies, as holders who are truly exiting the space do so through fiat. When these investors feel that the prices are right to jump back into the other coins, they simply exchange their stablecoins for them. Naturally, this shift can act as buying pressure for the market they are moving into, and thus, provide a bullish boost to the asset’s price. To check whether there is any significant conversion of stables happening into Bitcoin and others right now, Santiment has looked at the data for the supply of the relatively large stablecoin investor groups. More specifically, the combined holdings of the dolphins and sharks are of interest here. These holders generally hold between 10,000 and 100,000 BTC on their balances. Now, here is a chart that shows how the supply of these investor cohorts has changed for USDT and USDC over the last few months: Looks like the two metrics haven't shown much movement in recent days | Source: Santiment on Twitter As displayed in the above graph, the dolphins and sharks of the two largest stablecoins in the sector have seen their combined supply move mostly sideways during the last few weeks. Related Reading: Bitcoin Sharks Continue Accumulation, But Whales Stagnate This means that these decently-sized investors haven’t been taking part in any sort of net conversions recently, whether it be swapping Bitcoin into stables, or exchanging their stables for other assets. Interestingly, this sideways trend has continued during the last few days, despite the plunge to the low $29,000 levels that the cryptocurrency has observed in this period. “Currently, one of our key considerations revolves around whether this behavioral pattern will continue in the incoming 24 hours, especially in the wake of today’s fallen prices,” explains the analytics firm. “Will these users perceive this change as an opportunity to ‘buy the dip’? Or will they opt to ‘abandon ship’ amidst growing market uncertainty?” Naturally, if the supply of these large stablecoin holders starts to slip down in the near future, it can be a sign that these investors are buying Bitcoin while its price is at a discount. Related Reading: Bitcoin Plunge To $29,200 Sends 5.9% Of Supply Into Loss Though, on the other hand, an increase instead would obviously be a worrying signal, as it may mean that the dolphins and sharks are starting to give up on BTC for now and exiting from it. Bitcoin Price At the time of writing, Bitcoin is trading around $29,200, down 3% in the last week. The value of the asset seems to have been moving sideways since the plummet | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, Santiment.net

Jul 22, 2023 10:30

Ethereum Targets $2,000 Bounce: Santiment Predicts August Rally Amid ‘Eerily Quiet’ Market

Nestled in the second position of the cryptocurrency market cap hierarchy, ethereum (ETH) currently trades below the $1,900 per unit mark. However, the industry experts at Santiment predict a bullish upturn, indicating that the digital asset might claw its way back to the $2,000 territory in the coming month. In Santiment’s view, ethereum is reveling [...]

The post Ethereum Targets $2,000 Bounce: Santiment Predicts August Rally Amid ‘Eerily Quiet’ Market appeared first on Crypto Breaking News.

Feb 16, 2023 02:50

Avalanche price rebounds even as DEX and NFT volume retreats

Avalanche’s (AVAX/USD) DEX volume is struggling even as DeFi protocols stage a comeback in 2023. These trends point to significant challenges in the ecosystem as it attempts to take market share from the likes of Ethereum, BNB Chain, Polygon, and Arbitrum. Avalanche DEX volume retreats Avalanche is one of the top Ethereum-killers in the industry. ...

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<p>The post Avalanche price rebounds even as DEX and NFT volume retreats first appeared on CCNC.</p>

Jan 29, 2022 10:05

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout – Market Updates Bitcoin News

Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped […]

Jan 25, 2022 07:10

Bitcoin Price Crash and Rebound – Should you Buy Cryptos Today?

The Bitcoin roller coaster, it's back on the road. Yesterday Monday saw the entire stock and crypto market hurtle downhill at a speed rarely seen. Bitcoin was 20% lower on a weekly basis. The DAX also fell by 3% and the Dow by 4%. Almost none of the values ??remained green. Then around noon the turnaround. Stocks and cryptocurrencies shot up, markets closed slightly higher. How does the roller coaster continue? And most importantly, should you Buy Cryptos today?

Geopolitics Affecting Cryptos - Ukraine, Inflation and Interest rates

The political risks surrounding the Ukraine-Russia conflict weigh heavily on the markets. A war right on Europe's doorstep could cause markets to plummet further. In addition to the political risks, there are concerns about a turnaround in interest rates and drastic intervention by the FED to combat inflation. This is around 7% in the USA. Another risk that primarily affects tech stocks.

Why does Bitcoin correlate with Tech?

Tech stocks generally stutter on interest rates and inflation worries. So far so known. But why don't values ??like Bitcoin or other cryptocurrencies benefit? Shouldn't they be performing right now?
In fact, there is a logical reason why tech values ??and Bitcoin are correlated. The cash flows. Crypto and tech stock investors are mostly the same. This means that those who own tech shares usually also own cryptocurrencies and vice versa. Value, cyclical, and bond investors usually move in other "bubbles". But what does that mean?

Total Crypto Market Cap in USD - TradingView

The Money Flow Problem

When interest rates rise, investors usually turn to less risky investments. There is a shift from tech and crypto to value. In addition, many tech and crypto investors are invested with leverage, mostly through loans. If these loans become more expensive due to rising interest rates, the investors cancel the loans and sell the investments. The result: Bitcoin and tech fall disproportionately.

Conclusion: Should I get in now and Buy Cryptos?

That is up to you and should be decided according to your own willingness to take risks. At least the next three interest rate increases are already priced into tech and crypto values! The existing uncertainties from the FED could be resolved on Wednesday when the central bank publishes its rate hikes. The Ukraine risk, on the other hand, remains unpredictable. From a purely economic and political point of view, war is unlikely. However, the West's indecisive and in many respects embarrassing behavior is creating uncertainty in the market. The next few weeks could remain restless, but those who invest in the long term could use the entry in the next few days and weeks.

If you decide to buy Cryptos, consider solid exchanges like Binance ,  Coinbase ,  Kraken  and  Bitfinex  .

Bitcoin Wallstreet© Cryptoticker

The post Bitcoin Price Crash and Rebound – Should you Buy Cryptos Today? appeared first on CryptoTicker.

Feb 24, 2025 06:00

Bybit Ethereum Reserves Rebound to Nearly 50% of Pre-Hack Levels Following $295 Million ETH Purchase

Bybit Reveals 50% Increase in Ether Reserves After $295 Million ETH Purchase Bybit, a popular cryptocurrency exchange, has recently disclosed a significant uptick in their Ether reserves following a sizable purchase of $295 million worth of ETH. This move comes amid a surge in demand for Ethereum, showcasing confidence in the digital asset’s potential. The [...]

The post Bybit Ethereum Reserves Rebound to Nearly 50% of Pre-Hack Levels Following $295 Million ETH Purchase appeared first on Crypto Breaking News.

Dec 30, 2024 12:05

Bitcoin On A Rebound? Here Are Key Levels To Watch

In an exciting development, Bitcoin may finally be undergoing a market rebound according to a recent prediction by crypto analyst Ali Martinez. However, the premier cryptocurrency finds itself in a critical price zone, which holds significant implications for both bullish and bearish market outcomes. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast Bitcoin Must Stay Above $93,400 To Retain Bullish Drive In an X video post on December 28, Martinez stated that Bitcoin may be preparing for a price recovery according to certain market indicators. Firstly, the analyst stated BTC was forming a bullish divergence against its relative strength index, This is a classic bullish signal that indicates weakening downward momentum and a potential price reversal is on the horizon.  Furthermore, there are 14 million worth of potential liquidations at $95,300. Martinez believed that market makers would target this price zone which represents a significant concentration of leveraged trading positions.  Market makers often attempt to eliminate these leveraged positions leading to an increased market liquidity and volatility, on which they can capitalize to make trades at favorable prices.  Another market development that supports Bitcoin’s potential rebound is an increase in long traders on the Binance exchange from 53.12% to 64.04%. This indicates that more Binance traders, who Martinez claims have a solid track record, are predicting Bitcoin to soon experience a price rise. Since Martinez’s video post, Bitcoin has moved above $94,800, which the analyst described as a key resistance level to the projected rebound.  Bitcoin is now expected to rise further to $95,600 with a potential to trade as high as $98,373 in the short term. However, the market expert cautions that Bitcoin is at a crucial juncture, with any drop below the key support level of $93,400 likely to spark a further decline to $84,000 or even $70,000. This would represent a potential 25% drop from its current price. Related Reading: Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming? BTC Price Overview  At press time, Bitcoin trades at $95,173 following a price gain of 0.93% in the last 24 hours. Meanwhile, the assets trading volume is down by 53.76% and is now valued at $24.76 billion.  The premier cryptocurrency has experienced a rather bearish end to 2024 but market optimism remains rather high. Analysts have continuously described 20-30% corrections as part of the bull market setting the stage for stronger price rallies. With 2025 fast approaching, a price surge above the $100,000 resistance remains key to inducing another uptrend with lofty projected targets as high as $350,000 in the new year.  Featured image from Shutterstock, chart from Tradingview.com

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