In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto […]
Explaining this subject without getting too deep into coding languages and technicalities is extremely hard to tackle but I’ll try my best. Of course, this isn't some sort of guide on how L2s are built or operate but is merely a fun, quick explanation of how some of them are different. I’ll be focusing on…
Read more
Bitcoin’s price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko’s three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here’s a quick glance at how Bitcoin is performing of late: Optimistic market movement and surprising investor buying The technical indicators reveal a range of possible outcomes, some bullish and some bearish, but bears are still there There will be no significant price hike this next week. Next year could see a break of the $17,500 barrier It is clear to some that Bitcoin is growing in popularity, as today’s transaction volume reached as much as $7.12 billion. Related Reading: Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days Forecast: Bitcoin At $18,000 The $17,000 mark has been mentioned as a key level by several credible Twitter analysts. Recently, Michael Poppe has presented a study predicting that Bitcoin will hit or soar to over $18,000. And yet, is it possible that Bitcoin might reach these heights by December? As they say, anything can happen in crypto. The leading cryptocurrency’s relative strength index (RSI) is in the overbought upper half, suggesting a possible pullback. So far, so good on #Bitcoin. Would be nice to hold the previous level of resistance for support (around $16.6K) and then continue towards $18.3K for a good run. pic.twitter.com/vsfoDWWgZB — Michaël van de Poppe (@CryptoMichNL) November 30, 2022 The current price of $17,000 is sustained at $16.8k, which is a somewhat unstable support given the volatility of BTC’s price. This is all within a 4-hour timeframe. The daily timescale is currently quite positive, with the coin’s rise breaking its prior decline. The only thing that could allow it to reach its $18,000 is the rather narrow Bollinger band, which indicates a narrower trading range in the next days. A regression analysis reveals an R value of 0.855, indicating a robust and healthy uptrend in its infancy. MFI confirms this rally with a movement of its own. The money flow index of Chaikin demonstrates complete bullish dominance, limiting the potential impact of an RSI-supported trend correction. If the price falls today, we may see a decline towards the $16,800 support level. The bulls might exploit this support to target the current barrier at $17,500. Slow And Consistent For The Target Investors and traders should remember that the market is highly volatile. The price will rise significantly if a cautious and consistent buying momentum is generated. According to CryptoQuant statistics, BTC holders are in the capitulation phase, as an increasing number of individuals realize their losses. Consider the analysis to be totally theoretical, as this may merely be a glimpse of better things to come for the coin. As the market recovers from the catastrophe, BTC may surpass the $17,500 milestone. Related Reading: CAKE Not Looking Delectable For Investors Despite PancakeSwap’s Progress CAKE total market cap at $327 million on the daily chart | Featured image from Analytics Insight, Chart: TradingView.com
submitted by /u/koavf [link] [comments]
GMX’s technical indicator hints at a strong correction in December, which may push its price toward $40.
Dear CC veterans, moons round 33 is distributed and i found some handy graphs in my pocket i'm going to share with you (if you want or not). Karma-Cap More comments! More posts! More moons? Yes – but no. There is a maximum amount of karma after which posting becomes useless (if you want…
Read more
Callisto Network is launching an "early adopters SBT campaign". You can now request your SBT by commenting on the following twitter thread: https://twitter.com/CallistoSupport/status/1598317345738481667 What are SBTs? SoulBound Tokens are non-transferable NFTs that you can own, but cannot give to anyone else. The point is that we have a type of "valuables" in the world that…
Read more
submitted by /u/SuccessfulLowDev [link] [comments]
submitted by /u/Whole_Visible [link] [comments]
submitted by /u/Harry89PL [link] [comments]
