NFT News by Thebittimes.Com

Over the years, critics have labeled XRP a ‘dead cryptocurrency‘ due to its inability to mount significant price movement in line with peers such as Bitcoin (BTC) and Ethereum (ETH). Notably, recent price movements and technical indicators suggest that the narrative of XRP’s decline might be premature. According to an Analysis shared by TradingShot in a TradingView post on June 25, there are compelling reasons to believe in a potential bullish breakout for XRP. The expert noted that XRP has been consistently trading below its one-week moving average (1W MA200) since April 8, 2023. Despite this, the cryptocurrency is currently testing the bottom of a long-term triangular structure that began forming after the January 2018 all-time high. Picks for you What’s going on with the Chinese Yuan vs. Dollar (USD/CNY)? ...

Bitcoin (BTC) is preparing for a fresh price breakout, as indicated by two classic technical indicators, according to a recent analysis shared by popular trader Roman on X (formerly Twitter). Despite prevailing bearish sentiments, Bitcoin has been consolidating above $63,000 after facing resistance at the $70,000 mark. This period of consolidation, while disappointing for holders in June, is viewed as a healthy correction within an ongoing bull market. Key indicators: RSI and Bollinger Bands Roman emphasizes the importance of the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart, which signal a potential upside. The RSI, a momentum oscillator, measures the speed and change of price movements and is often used to identify overbought or oversold conditions. Picks for you Here's when Bitcoin will hit 'next m...

Geopolitical tensions between Iran and Israel have put the crypto currency market in a bearish state, as fear escalates worldwide. In this context, two cryptocurrencies now present an oversold daily Relative Strength Index (RSI), making for a potential buy signal . Israel plans to launch an attack against Iran in retaliation for its drone and missile offensive this past weekend. Amid uncertainties, the crypto and stock markets have been registering record losses since last Friday, affecting relevant technical indicators. In particular, cryptocurrencies’ daily Relative Strength Index dropped to an average of 34.32 points, on April 16. Finbold retrieved the RSI average from CoinGlass on the same date, spotting two oversold cryptocurrencies below this level. Picks for you What’s happening with the dollar as USD skyrockets to a 5-month high? 46 mins ago DOGE trades near crucial support; Crypto expert eyes major ‘buy’ opportunity 58 mins ago Biden vs. Trump...

Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal. Bitcoin price rose to its highest level since July when it broke above $30k to reach highs of $30,369 on Saturday. BTC is indeed looking for its fourth-biggest weekly gains year-to-date. However, although the benchmark crypto trading around $29,950 at the time of writing, an analyst says further retreat is possible given the potential for a key bearish signal .On the upside, market observers see a flip and weekly candle close above $31k as what bulls need to take control of the prevailing volatility. BTC price shows sell signal According to crypto analyst Ali, the potential for a head-and-shoulders pattern for BTC on the daily chart has received greater attention across the market. And in a chart shared on X on...