Daily Technical Analysis - Crypto Trading Blog
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Daily Technical AnalysisWith US Elections on the Horizon, Bitcoin Eyes a Potential Surge to Over $70.000
Bitcoin’s value will likely climb, possibly nearing its previous record of $73,800 ahead of the election. Several factors contribute to this potential rally, including rising U.S. Treasury yields, growing interest in Bitcoin exchange-traded funds (ETFs), and improving electoral odds for Donald Trump. Additionally, increased institutional investments and a spike in Bitcoin call options further support this upward trend.
16 Oct 20243 min read -
Daily Technical AnalysisIs Solana on the Verge of a Breakout? Analyzing SOL’s Potential Surge
Solana (SOL) has been gaining momentum, rallying 33,57% in the past month, sparking optimism among traders. But is SOL poised to continue its upward trajectory? Let's dive into the technical analysis to assess what’s next for Solana’s price.
17 Oct 20242 min read -
Daily Technical AnalysisEthereum (ETH) at historical crossroads: Futures Volume and Open Interest
As of mid-October 2024, Ethereum (ETH) has seen fluctuating trends in its futures markets, with futures open interest and volume providing key insights into potential price movements.
18 Oct 20242 min read -
Daily Technical AnalysisThe Transition from Gold to Bitcoin: A Trend in Progress
Many experts now regard Bitcoin as "digital gold," a non-inflationary store of value that preserves its nominal worth over time. The increasing correlation between Bitcoin and gold (XAU) is one of the key indicators showing investors' confidence in Bitcoin, especially during times of economic uncertainty.
21 Oct 20242 min read -
Daily Technical AnalysisDogecoin (DOGE) Hit a New Record in October, but What to Expect Next?
Dogecoin recorded an impressive +27% over the past week, becoming the best performer among meme tokens in the top ten cryptocurrencies. Currently priced at $0.1470, the token has benefited from a rally that has pushed it to a +94% gain since the beginning of August 2024, solidifying its position as the second-best performing cryptocurrency on a weekly basis among major projects.
22 Oct 20242 min read -
Daily Technical AnalysisCracking the Code: How Seasonality Shapes the Cryptocurrency Market
Seasonality in the market is a key concept for any investor, especially those involved in cryptocurrencies.
23 Oct 20242 min read -
Daily Technical AnalysisThe Hidden Correlation Between Tesla and Bitcoin
The financial markets have witnessed an intriguing dynamic between Tesla Inc. and Bitcoin (BTC), driven primarily by Elon Musk’s open endorsement of cryptocurrencies like Bitcoin and Dogecoin. While Musk's influence on meme coins has been highly publicized, the less explored yet critical factor is Tesla's substantial holdings in Bitcoin, which creates a tangible price correlation between these two assets.
24 Oct 20243 min read -
Daily Technical AnalysisBitcoin Price Forecast for 2024-2030: Could BTC Surpass $100,000?
Bitcoin’s price is facing yet another resistance around the $69,000 threshold, marking the fourth bearish reversal this year. This pattern, corroborated by multiple bearish indicators and technical signals, points to a potential trend reversal. Nonetheless, analysts maintain that Bitcoin could still achieve the $100,000 milestone.
25 Oct 20243 min read -
Daily Technical AnalysisSolana’s Bullish Eye $200 Target
Solana’s strong price action continues to capture market attention as the cryptocurrency pushes past the pivotal $171 level. Previously a zone of resistance, this price level has now transitioned into a reliable support zone, setting the stage for potential upward movements in the coming weeks.
28 Oct 20242 min read -
Daily Technical Analysis2025: The Year of Transformation for Bitcoin
As of Q4 2024, Bitcoin (BTC) has been showing considerable resilience despite global macroeconomic uncertainties, wars, inflation, supply chain, etc. The price action in recent months has seen BTC break significant resistance levels, holding above $70,000, driven by renewed institutional interest and macroeconomic trends such as inflation concerns and a weakening US dollar.
29 Oct 20242 min read -
Daily Technical AnalysisCardano Faces Neutral-Bearish Sentiment as Most Traders Are Shorting ADA
Cardano (ADA) finds itself at a crossroads as mixed market sentiment and on-chain metrics indicate a cautious outlook. While ADA recently faced a substantial price decline, losing nearly 20% of its value, the cryptocurrency still shows potential for a 20% upside rally.
30 Oct 20242 min read -
Daily Technical AnalysisTether USDT Soars Past $120B! The Sleeper Stablecoin Dominating the Market
Tether’s stablecoin, USDT, has hit a new milestone, surpassing $120 billion in market capitalization for the first time, suggesting a potentially positive sentiment for the entire cryptocurrency market. Launched back in 2014, Tether has now crossed the $120 billion market cap threshold and continues its steady climb.
31 Oct 20242 min read