Bitcoin price continues to struggle around the $20,000 price range, displaying no impact of the coiling market sentiments ahead of the Ethereum merger. The official process is expected to kick off shortly with the launch of the Bellatrix upgrade. The ETH price is displaying huge strength while ETC & most altcoins are also surging high.
Meanwhile, the BTC price continues to trade within the same predefined ranges, being independent of other external factors.
However, on the brighter side, a major bullish signal has flashed which may enable the price to surge heavily in the coming days. The MACD which remained bearish for nearly a month is due for a bullish crossover that suggests, a notable surge is fast approaching.
Therefore, a well-reclaimed analyst, Micheal van de Poppe suggests 625,000 followers go long instead of shorting the asset.
The analyst says that the altcoins have been gaining notable bullish momentum ahead of the beginning of the Ethereum Merger with the Bellatrix upgrade. However, the narrow trend of the asset has hindered the altcoins to propel high. However, if the star crypto undertakes an upward move, the scenario may be pretty diverse.
So When will the BTC price manifest a bullish divergence?
The BTC price is still stuck up within a huge falling wedge in the higher time frame which suggests a continued consolidation followed by a slight pullback but may certainly not be below $18,000. Further, a rebound may uplift the price after the asset reached the peak of the wedge, resulting in a strong upwards price action.
With a breakout, the Bitcoin (BTC) price may rise not only above $25,000 but in extended bullish action, may also mark its presence above $26,400, somewhere in Q4 2022.
Cardano’s growth receives another boost as the user dubbed ‘Ethereum killer’ plans to boost its decentralized application (DApp) base.
The post Cardano’s Djed Stablecoin is Just one Final Audit Away appeared first on Coinpedia Fintech News
The Vasil hard fork upgrade has caused Cardano’s growth to constantly improve. However, the value of Cardano has reversed. It failed to demonstrate a favorable trend in the price of ADA, which is currently about $0.42. (USD). Djed, the algorithmic stablecoin created by Cardano and Coti Network, is now in the process of being finished. …
Crypto has been seeing an unprecedented adoption rate in recent times, but not every part of the country has been welcoming to this industry. A lot of governments have been resistant to the adoption of crypto, even when residents have expressed wanting to be a part of it. So for all of the crypto lovers […]
A series of text messages released as part of ongoing litigation over Elon Musk’s failed Twitter deal reveals CEO of crypto exchange FTX, Sam Bankman-Fried, was willing to contribute up to $5 billion toward jointly acquiring the social media giant.
XRP, the crypto originally launched by the founders of blockchain payments company Ripple, has surged in response to the latest development.
The post Ethereum Co-Founder Eyeing These Top Altcoins Besides ETH appeared first on Coinpedia Fintech News
The highly anticipated Ethereum Merge successfully transitioned from a proof-of-work to a proof-of-stake consensus algorithm on September 15th. With this, the Ethereum Co-Founder said there was a ‘good chance’ that Ethereum would overtake Bitcoin, but they continue to face the issue of centralization. In a recent interview published on Kitco News, Ethereum co-founder Anthony Di …