Ethereum’s price tested its resistance level for a few weeks, before hitting a new all-time high of $1,540 on the charts, based on data from Santiment. In fact, at the time of writing, on-chain and technical analysis pointed to a short-term top ahead of the CME Futures listing. Another positive sign observed on the chartsContinue reading “Yes, Ethereum hit a new ATH; here’s what’s next”

Bitcoin’s second attempt at making it past $40,000 failed last week, with all eyes now on the cryptocurrency’s next big move. Interestingly, while BTC was trading at $34,855 at press time, outflows from spot exchanges were up too. In fact, 15,000 BTCs have flown out of Coinbase at the $32,400-price level. Such significant Bitcoin outflowsContinue reading “Bitcoin: This may be the strongest bullish signal in 3 weeks”

Apart from the on-chain factors that drive Bitcoin’s bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban in India, the Chinese new year FUD, exchange outages like Coinbase and Binance, and altcoin price rallies, etc. Once the sell-offContinue reading “The Bitcoin bull run checklist for 2021”

Ethereum is trading at the $1300 level and the price is up nearly 5.7% in the past week. After hitting $1426 on Jan 29, 2021, the price dropped without hitting $1500, which is to a certain extent comparable to what happened to Bitcoin. Though Ethereum’s chart shows volatility at the current price level, it hasContinue reading “Is Ethereum gearing up for another pump?”

Bitcoin is currently trading at $33831 after a highly volatile and eventful week. Before the weekend, Elon Musk’s tweet led to a massive surge in price, bringing it closer to $40000 level. However, there is consistent resistance and the price dropped to $33000 before it would hit the ATH. There were several metrics hinting atContinue reading “Bitcoin miner outflows hit an ATH, what’s next”

Bitcoin’s price rallied to $37900 and as momentum built up, the asset was ready to cross $40000 with a 17.8% increase in a single day. However, a sell-off led to a price drop to $33000 level. As Bitcoin rallied there were metrics that offered buying opportunities and shorting opportunities throughout the rally, on the wayContinue reading “Why traders will continue buying Bitcoin all the way to $40000?”

The price rally triggered by the wall street investment spillover, or Elon Musk’s updated bio may have reset Bitcoin’s on-chain indicators. It is likely that the price may reset or rewind in the following weeks. MVRV Zscore chart has allowed Realized Cap, represented by the orange line in the following chart, to catch up withContinue reading “Does Bitcoin still require institutions for bullish momentum?”

Open interest in Bitcoin Futures is back to above $10.3 billion, a figure the charts last noted well before its most recent ATH. Interestingly, with Bitcoin trading at just over $35,500 at press time, one can also see that institutional demand for Bitcoin hasn’t dropped completely either. In fact, it is around to support BitcoinContinue reading “Why Bitcoin Futures OI climbing to pre-ATH levels is important”

Bitcoin’s price had crossed $35,000 at press time (On the back of Elon Musk’s Twitter update), amid high volatility on the stock and crypto-market as the likes of GameStop Corp and Dogecoin pumped across the board over the last 24 hours. According to many on-chain analysts and market watchers, this surge in trade activity isContinue reading “What is the future of institutional investments in Bitcoin?”

Ethereum’s price, at press time, was hovering around the $1,300-level, with the altcoin under a lot of selling pressure since hitting the $1,472-level. At the time, the altcoin was 11.6% below its ATH, with the market capitalization dropping to under $150 billion. Curiously, according to some, the drop in Ethereum’s price might be blamed onContinue reading “Will the tides turn as Ethereum whales increase in number?”

Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’Continue reading “How sustainable are DeFi projects?”

Trading at a value of $31,759 at press time, Bitcoin’s net unrealized profit/loss was rejected as it entered the “euphoria” zone on the charts. This is an interesting development, especially since January 2021 so far has turned out to be a month of contrasts, with Bitcoin noting an ATH of near $42,000 and an apparentContinue reading “Is Bitcoin closer to the top or the bottom?”