Analysis News

Bitcoin is showing new signs of strength after its sharp decline, with buyers stepping back in and momentum shifting upward. With price reclaiming key support levels, the path toward the major $98,000 imbalance zone is now back on the table, but bulls still need to prove this rebound has real conviction. FVG Filled, Bearish OB Tagged — What Comes After The Perfect Hit? Crypto analyst Crypto Patel, in a recent market update, noted that Bitcoin has now completed a key technical move by filling the Fair Value Gap (FVG) and tapping directly into the Bearish Order Block exactly as previously projected. He emphasized that traders who avoided shorting the $81,000–$85,000 region and instead positioned for the upside likely captured a clean and predictable long setup. Related...

Ethereum (ETH) has joined Bitcoin (BTC) in a notable price recovery, managing to reclaim the $3,000 mark. This resurgence could signify a pivotal moment for the altcoin, suggesting a potential new upward trend. However, investors remain divided on whether ETH may face further declines or if a year-end rebound could reignite bullish sentiment. ETH’s December Struggles In order to anticipate Ethereum’s probable moves in December, Alex Carchidi, an analyst at The Motley Fool, notes that this month has traditionally been a difficult month for the cryptocurrency. Since 2016, Ethereum has only concluded December higher than it started in four of the nine years studied.  In the remaining five cases, the month ended in negative territory. The average December return througho...

Dogecoin started a steady increase above $0.1550 against the US Dollar. DOGE is now consolidating and might decline sharply if it trades below $0.1490. DOGE price started a fresh increase above $0.1480 and $0.150. The price is trading below the $0.1520 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.1495 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1490. Dogecoin Price Consolidates Gains Dogecoin price started a fresh increase after it settled above $0.1450, like Bitcoin and Ethereum. DOGE climbed above the $0.150 resistance to enter a positive zone. The bulls were able to push the price above $0.1525. A high was forme...

Thailand has officially adopted a new tax-rule giving a 0% personal income tax rate on capital gains from cryptocurrency trades — but only under certain conditions. Related Reading: Bitcoin Faces More Downside After Recent Crash, Data Shows According to regulation Ministerial Regulation No. 399 (MR 399), profits earned from selling or transferring cryptocurrencies such as Bitcoin via exchanges, brokers, or dealers licensed by the Securities and Exchange Commission of Thailand (SEC) will be tax-free from January 1, 2025 until December 31, 2029. What The 0% Tax Means Under the new scheme, individual investors who trade crypto through SEC-licensed platforms don’t pay personal income tax on any gains. The exemption applies only if the trade is done on a local approved ex...

XRP price started a steady increase above $2.220. The price is now struggling to clear $2.280 and might start a fresh decline below $2.150. XRP price started a fresh increase above the $2.20 zone. The price is now trading near $2.180 and the 100-hourly Simple Moving Average. There is a near bearish trend line forming with resistance at $2.2250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.150. XRP Price Faces Resistance XRP price started a decent upward move above $2.120 and $2.150, like Bitcoin and Ethereum. The price gained pace for a clear move above the $2.20 resistance. The bulls even pumped the price above the $2.240 zone. A high was formed at $2.286 and the price started a downside c...

On-chain analytics firm Glassnode has revealed in a report how long-term Bitcoin liquidity has witnessed a sharp decline alongside the market downturn. Bitcoin Long-Term Holder Liquidity Ratio Has Plunged Recently In its latest weekly report, Glassnode has talked about how liquidity in the Bitcoin market has changed following the recent downturn. Glassnode has gauged the “liquidity” using the Realized Profit/Loss Ratio, an on-chain metric that measures the ratio between the profit and loss that BTC investors are realizing through their transactions. Related Reading: Bitcoin’s New ‘Line In The Sand’ May Be $82,000, Not $56,000: Analyst Current demand momentum can be tracked using a version of this indicator that specifically tracks the profitability of the short-term ...

Ethereum price started a recovery wave and surged above $3,000. ETH might continue to rise if it clears the $3,080 resistance. Ethereum started a recovery wave above $2,980 and $3,000. The price is trading above $2,960 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,080 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,920 and $2,950 levels. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low....

The breach highlights the persistent threat of state-sponsored cybercrime on global financial systems, emphasizing the need for enhanced security measures.
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Bitcoin price started a recovery wave above $90,000. BTC is now struggling to clear $92,000 and might start another decline below $90,000. Bitcoin started a recovery wave and climbed toward $92,000. The price is trading above $90,000 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Faces Resistance Bitcoin price managed to stay above the $88,500 level. BTC formed a base and recently started a recovery wave above the $90,000 resistance zone. The pair climbed above the $91,000 level. A high was formed at $91,878 and the price is now correcting so...

As the market matures and the broader economic landscape shifts, Bitcoin has once again found itself at a thrilling crossroads, with the entire crypto market watching closely as momentum builds on both sides of the chart. This moment of market volatility is a profound inflection point, where the interplay of rising institutional adoption and changing global macroeconomic conditions is converging. Historical Breakout Zones Align With Price Structure Bitcoin is currently sitting at a thrilling crossroads. In an X post, an analyst known as CryptoCrewU has stated that BTC is witnessing the strongest bearish divergence in years, paired with a rare 2-week close below the 21-period Simple Moving Average (SMA) of this bull run. Related Reading: Bitcoin Retail Flees, But Shar...