Crypto Currencies World

Bitcoin is showing strong signs of a bullish recovery, with its price approaching the key $70K resistance level. Buyers are focused on breaking this critical threshold, aiming for a new all-time high by the end of the year. Technical Analysis By  Shayan The Daily Chart Bitcoin’s price action on the daily chart reflects a significant bounce after finding support within the 0.5 ($56K) and 0.618 ($52K) Fibonacci retracement levels. This support zone has repeatedly halted bearish attempts and has acted as a base for buyers to re-enter the market. The surge in buying pressure has allowed Bitcoin to reclaim the 100-day and 200-day moving averages, signaling a shift toward the bullish sentiment. Bitcoin is now testing the $70K resistance region, and a successful breakout could lead to a sharp upward move, potentially driven by a short squeeze, reinforcing the bullish trend. The 4-Hour Chart On the 4-hour chart, Bitcoin’s bullish momentum is more apparent. The asset saw a strong bounce at ...

With the correlation between Trump’s victory and bitcoin’s price trajectory and the asset’s Q4 seasonality performance, BTC is in for a wild ride in the coming weeks. The next few weeks will see bitcoin (BTC) experience massive volatility due to uncertainty surrounding the United States presidential election, the “Trump trade” narrative, and the Q4 seasonality performance the asset has witnessed in past years. Analysts at the crypto exchange Bitfinex said in a weekly  report  that these factors would create a “perfect storm” for BTC; however, they also promise exciting times ahead for the leading cryptocurrency, regardless of narratives making the rounds in the industry. The “Trump Trade” Narrative The U.S. presidential election has a growing influence on bitcoin’s price movements in the near term. The crypto community considers a Republican victory a bullish move for BTC, while a win for the Democratic Party means the opposite. This is because Republican candidate D...

Bitcoin is less than 3% away from a new all-time high, while meme coins such as Dogecoin are popping left and right. The cryptocurrency market has increased substantially in the past 24 hours, with its total capitalization reaching $2.5 trillion. This comes on the back of gains across the board. Most notably, BTC’s price soared above $71,000 as the bulls are now eyeing a new all-time high. Bitcoin Bulls Eye All-Time High Bitcoin’s price took off throughout the past 24 hours. What is interesting is that during the past day, 12 hourly candles in a row closed in the green, accelerating the cryptocurrency and pushing it a lot closer to its former all-time high. At the time of this writing, BTC is trading above $71,000, a point last seen in June this year. The buyers seem eager to achieve a new high. This move comes just a few days before the upcoming US Presidential elections, which are scheduled for next week, November 5th. Source: TradingView Although both candidates have shown some supp...

 ETH, TON, SHIB, and AVAX are among the poorest performers weekly. The past seven days didn’t go well for bitcoin, which is on course to end the week with minor losses of nearly 2%. The altcoins were a lot more volatile, but the majority are deep in the red now. Solana and Tron are among the few exceptions from the larger caps. BTC Uncertain at $67K The business week started quite well for the primary cryptocurrency as it jumped on Monday morning to $69,500 to market its highest price tag since late July. However, the landscape changed at that point as it was mostly downhill. BTC dumped hard by the end of the day and kept losing value until the culmination on Wednesday, when it  dropped  to $65,000. It bounced off on Thursday, but some  FUD about Tether  pushed it south once again, this time to $65,500 (on Bitstamp). The bulls managed to intervene at this point, and propelled a price rally that drove the cryptocurrency to around $67,000 yesterday. It has recover...