Category: Cryptocurrency News

In this episode of NewsBTC’s daily technical analysis videos, we take a look at the ongoing Bitcoin price breakout above the upper Bollinger Band on daily BTCUSD charts and provide some insight into what the next targets might be. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 26, 2022 The breakout across crypto has already resulted in a substantial amount of shorts liquidated. How far could this Bitcoin rally run? Related Reading: Are Bitcoin Bulls Ready To Stampede? | BTCUSD Analysis October 25, 2022 Bitcoin Rally Approaches Middle Of Trading Range Bitcoin price is now at the middle-point of a horizontal trading range, making for a natural stopping point for profit-taking and to draw in a fresh set of short positions. Busting through the range median will result in another attempt at around $25K.  More importantly, the Bitcoin price is continuing to make a strong push outside of the Bollinger Bands on daily timeframes. After tightening for so long, and now starting to expand, the rally could have more legs than bears expect. BTC is attempting to break through the median of a the trading range | Source: BTCUSD on TradingView.com Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022 BTCUSD Weekly Hits Resistance At Middle Bollinger Band That is because Bitcoin price has already found and met resistance at the mid-Bollinger Band on weekly timeframes. The key resistance level at the 20-week SMA, was where I placed a hedge short entry today in case the rally is rejected instead. If there is no rejection and Bitcoin keeps rising, we could be looking at a full-blown return to a crypto bull run. Zooming out shows just how significant a weekly close above the middle Bollinger Band would be. Turning on Bollinger Band Width shows that the bands are some of the tightest ever. The last two instances were prior to the 50% breakdown to the 2018 bear market bottom. Before that was prior to the epic 2017 Bitcoin bull run that made the cryptocurrency a household name. Importantly, in 2018, Bitcoin price was below the mid-Bollinger Band, while in 2016 it was above the mid-BB. The trend is more likely to continue on whatever side of the mid-BB price is on. If the weekly BTCUSD chart closes above the middle band and holds, it could be off to the races once again for Bitcoin bulls. The crypto bull run could be back in with a weekly close above the mid-BB | Source: BTCUSD on TradingView.com Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 Crypto Profit Targets To Watch For Using The Ichimoku Back to those weekly Bollinger Bands, for a sense of what happens if BTCUSD were to get through the mid-BB. The upper band would become the next logical target, located at $23,800. Much like Bitcoin has done on daily timeframes, pushing outside of the upper band is possible given the abundance of short interest in the market. Replacing the Bollinger Bands with the Ichimoku on the same weekly timeframe, also tells us a lot about what could happen next. Bitcoin price is pushing above the Tenkan-sen, making the next major resistance level the Kijun-sen located at $32,000. In 2018, we can see that the two lines were much closer together, but anything is possible with so much energy built up in the market. During the first bounce from the 2018 bear market bottom, Bitcoin price pushed all the way outside of the top of the cloud, only to make it out of it, but ultimately lose it once again on Black Thursday 2020. If Bitcoin price were to reach the top of the cloud, the rally could be stopped at $43,000. Once above the cloud, all that’s left for Bitcoin is the moon.  Bitcoin price is stuck at former ATH resistance | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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Today, crypto services company Blockchain.com, announced the launch of its new Visa debit card. With the Blockchain.com Visa card, users can spend any crypto in their Blockchain.com Wallet without fees while earning 1% back in crypto on all purchases. Key Features: Works like a debit card – Pay from crypto or cash balances anywhere Visa…
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AVAX’s price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance. AVAX’s price remains strong below the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area. The price of Avalanche (AVAX) has remained strong as it approaches the $17 region, facing resistance to rising to the $20 region. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as Avalanche (AVAX), which has rallied from its downtrend movement to a high of $17 as price attempts to break through key resistance. (Data from Binance) Related Reading: Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours Avalanche (AVAX) Price Analysis On The Weekly Chart Although many altcoins have struggled to trend in a range market, the price of AVAX has seen more of a downtrend move as the price of AVAX dropped from a high of $150 to $15, seeing more than an 80% decline in its price. AVAX’s price recently declined from an all-time high of more than $150 to a region of $75 before rallying to a high of $100; the price of AVAX faced further rejection to its price to a range low of $60.  The price of AVAX bounced immediately, forming pin bar candlesticks as the price rallied to $96 with what seemed to be a relief for more rally to the upside. AVAX’s price faced a much bigger rejection at $96 as the price has continuously declined from this high to a weekly low of $15, where the price attempted to rally high but with less volume accompanying this rally. Despite AVAX rallying from its weekly low, the price failed to break past the resistance at $35.3, corresponding to Fibonacci’s retracement value of 23.6%. The price to break the resistance at $35.3 for more relief. Weekly resistance for the price of AVAX – $35. Weekly Support for the price of AVAX – $15. Price Analysis Of AVAX On The Daily (1D) Chart In the daily timeframe, the price of AVAX remains strong and trades above the key Support formed at $15 after the price rallied from its daily low, with the current market looking favorable for most crypto assets. The price of AVAX needs to break and hold above 50 EMA, acting as a strong resistance to the price of AVAX. The price of $17.50 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $20.  Daily resistance for the AVAX price – $17.50. Daily Support for the AVAX price – $15. Related Reading: Bitcoin’s Break Above $20,000 Sees Market Liquidations Cross $1 Billion Featured Image From zipmex, Charts From Tradingview 

Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIC) network. According to the firm, Bitpay app users will be able to store, trade, and spend MATIC later this week, and the collectibles company Panini America will be Bitpay’s first merchant to accept MATIC payments. Bitpay Reveals Polygon […]

According to Messari, the performance of Hedera in the third quarter this year defied the prevailing market mood and is currently witnessing growth not seen on other protocols. DefiLlama claims that the protocol’s TVL increased by an impressive 137%. For comparison, Hedera’s quarterly network expansion occurred during a period when other networks were contracting. In addition to boosting the value of its native coin HBAR, this quarterly report also helped it do so in the past few days. As of this writing, HBAR is trading at $0.060236, down 3.7 percent in the last seven days, data from Coingecko show, Wednesday. Related Reading: Stellar (XLM) Could Grow Dim This Week, But Buyers Don’t Need To Back Down Based on data, we can see that while HBAR’s value decreased on weekly and biweekly timescales, these losses are totally wiped out when looking at the cryptocurrency’s price over a 24-hour period or an entire month. This bodes well for the network’s investor confidence. Hedera On Solid Footing Investors and dealers were impressed by the network’s rapid expansion because it ran counter to the existing bear market trend. While comparable networks experienced user declines during the quarter, Hedera saw no such trend. The report states that the network’s weekly active user base increased from 7,598 in Q2 to 14,601 in Q3. This represented a rise in the metric of 92.2%. More good news in terms of expansion follows. HBAR’s transfer volumes and overall network fees have also increased. HBAR’s overall transfer volume was up from 42,623,168,658 in Q2 to 53,523,008,558 in Q3, which is a  total increase of 25.6%. Chart: TradingView From Q2 to Q3, total network fees climbed by approximately 543%. NFTs led the network’s expansion shift. As stated in the report: “The Hedera NFT sector (a component of the Hedera Token Service) has been an engine of growth for the network. During Q3, NFT active users (+90% QoQ) and transactions (+107% QoQ) each set all-time-highs.”  What To Anticipate In HBAR Even though the network lags behind Ethereum and Solana in the NFT industry, Hedera could become a big player if its expansion continues. The price movement of HBAR conforms to a descending triangle pattern. As the price fluctuated between $0.0556 and $0.0671, this might be interpreted as a bullish indicator for investors and traders. This narrow range affords the coin the possibility of a bullish breakout. These favorable outcomes will certainly attract more people to invest in the network and token, resulting in a price increase. Related Reading: Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours HBAR total market cap at $1.3 billion on the daily chart | Featured image from The Daily Hodl, Chart: TradingView.com Disclaimer: The analysis is based on the author’s personal knowledge and should not be construed as investment advice.

Bitcoin price is up, and most altcoins are following — but why?

There hasn't been much incentive to access reddit accounts until now, but with avatar prices skyrocketing i am predicting that is about to change. ​ How to enable 2FA: Currently, you can only enable two-factor authentication by logging into Reddit on your computer’s web browser. Once you’re logged in, follow these steps: New Reddit Click…
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The NPCC’s Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector.

As the title says, are there any of you who not only see crypto as a way to increase self wealth but possibly( if things go right of course) help out your family as well? For example, my dad bought a farm house from 17th century 3 years ago with the end goal being to…
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