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Bitcoin has just broken out to new all-time highs after weeks of consolidation around $106,500. With RSI and MACD supporting the move and a long-term bullish trend intact, the path to the top of the rising channel around $175,000 is now open.
Despite a larger-than-expected production increase from OPEC+, oil prices are rebounding. Is this a sign of strength in a tight market or just a temporary bounce within a long-term downtrend?
Bitcoin is testing the critical $106,500 resistance after a healthy correction. With momentum turning bullish and the longer-term uptrend intact, a breakout could send BTC into price discovery, but bears are lurking if rejection follows.
The rise of Bitcoin ETFs has added a new layer of legitimacy and scale to the crypto industry. According to the latest data, spot Bitcoin ETFs now collectively manage over 1.34 million BTC, representing a staggering $150 billion in assets under management (AUM).
Despite the meteoric rise of institutional-grade Bitcoin investment vehicles, the proliferation of ETFs and treasury-focused firms, the Bitcoin price has been eerily stagnant. The culprit? A massive sell-off by long-standing holders, aka “bitcoin whales,” who have offloaded around 500,000 BTC (€~45 billion) over the past year.
In a major leadership shakeup, Mark Nuvelstijn, CEO of Dutch cryptocurrency exchange Bitvavo, has stepped down with immediate effect.
Hardware wallet manufacturer Ledger has officially announced the end of support for its iconic Nano S model, a product that played a pivotal role in securing cryptocurrencies for millions of users since its launch in 2016.
Leading platforms Kraken and Robinhood have launched tokenized stocks in Europe, marking a groundbreaking evolution in how equities are bought, sold, and settled.
In a significant milestone for the European crypto market, major platforms such as Coinbase and Kraken have recently obtained their MiCA (Markets in Crypto-Assets) licenses, allowing them to offer regulated services across the European Union.
Part of classic technical analysis patterns, a wedge shows reversal conditions. From the moment the price breaks from it, volatility usually increases.
A head and shoulders pattern is a reversal pattern. As such, it appears at the end of trends.
The Forex market consolidates most of the time. Statistically, the market spends more than sixty percent of the time consolidating. When the consolidation takes the shape of a triangle, it means that the market builds energy.
For a candle to be a Doji candle, it must meet a single condition: the opening and closing prices to be the same.
The limiting triangle forms after a bullish or bearish trend. And, always breaks in the direction of the underlying trend.
Perhaps one of the most important patterns Elliott ever discovered, double and triple combinations form all the time. Not only that they are important but they are quite common.
Resist the temptation to blindly follow others’ advice. Beware of services or investment products flaunting incredible returns. Remember, soaring returns often accompany soaring risks. Prioritize investing in your own knowledge and mastering the art of safeguarding your assets!