Category: Ethereum Price

Bitcoin on the path to new all time record highs

Bitcoin has topped $57,000 for the first time since 2021. And from a technical perspective, the world’s largest cryptocurrency is on the path to printing new all time record highs. In terms of fundamentals? The Bitcoin ETF. This was the catalyst many bitcoin bulls were waiting for. An ETF makes bitcoin ‘legit’ in the eyes… Read More »Bitcoin on the path to new all time record highs

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Bitcoin to $50,000 by year end?

Back on October 24th 2023, I laid out my technical analysis for Bitcoin and told the bulls that a major breakout had triggered. The breakout zone was the $31,000 zone and I expected upwards momentum while the price of Bitcoin remained above this price level. In that article, my next resistance zone came in at… Read More »Bitcoin to $50,000 by year end?

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Bitcoin and crypto pop as US government acts to protect deposits

Everyone is talking about Silicon Valley Bank and Signature Bank. What might not be known is that these banks both have ties to the crypto industry. With government intervention, deposits at both institutions will be guaranteed, and more backstops and safety nets have been put into play from the Federal Reserve and the Treasury to… Read More »Bitcoin and crypto pop as US government acts to protect deposits

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Bitcoin and crypto pop as US government acts to protect deposits

Everyone is talking about Silicon Valley Bank and Signature Bank. What might not be known is that these banks both have ties to the crypto industry. With government intervention, deposits at both institutions will be guaranteed, and more backstops and safety nets have been put into play from the Federal Reserve and the Treasury to… Read More »Bitcoin and crypto pop as US government acts to protect deposits

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Bitcoin breakdown? Next price target: $12,000

What a roller coaster ride for the cryptocurrency sector. From a technical perspective, many of the crypto charts actually looked set for a new uptrend. Many charts had range breakout confirmations and many traders were ready to either jump in or await the retest. Those who did jump in surely have had their stop losses… Read More »Bitcoin breakdown? Next price target: $12,000

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Ethereum ready for lift off?

Rejoice Ethereum and cryptocurrency fans. Add in equity bulls too. From a technical analysis perspective, these markets are displaying reversal setups. Ethereum is more advanced, triggering its confirmation over the weekend. First off, why did I say that stock market (equity) traders should also be excited? My regular readers and I have already established that… Read More »Ethereum ready for lift off?

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Bitcoin hits our first target! Is $12,000 next?

After weeks of warning traders that bitcoin was going to dump hard because of a major technical break, the largest crypto has hit our first short target. $20,000 is a major zone people have been watching as it was the previous highs back in 2017. A picture is worth a thousand words, so the weekly… Read More »Bitcoin hits our first target! Is $12,000 next?

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