Ethereum's imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin.
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One of the world’s leading cryptocurrency exchanges, Crypto.com, recently upgraded its Visa Card policies. Thus, eliminating a critical feature that made it the most popular crypto-linked card program. Members of certain tiers of Crypto.com’s Visa Card have now been excluded from the rebate benefits they enjoyed through Spotify and Netflix. Starting 23 January, these cardholders […]
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A rezolvat Furio îndoielile persistente cu privire la sustenabilitatea DRIP? Împreună cu o monedă stabilă pentru a netezi orice variație…Continue reading on Cryptozoa »
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CZ Zhao joked that he was not smart enough to get into businesses directly linked to bankrupted lending firms like Celsius and Voyager.
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Bitcoin (BTC/USD) maintained its improving market bias early in the Asian session as the pair eyed additional upside gains following its recent climb from the 18892 area. Bulls are closely monitoring price activity as BTC/USD approaches the 24806.17 area, an upside retracement level representing the 23.6% retracement of the depreciating range from 48240 to 17567.45. Below that level, the 24558.33 area represents the 50% retracement of the depreciating range from 31549.21 to 17567.45. Additional upside retracement levels in this depreciating range include the 26208, 28249, and 28557 areas, and other areas of potential selling pressure are around the 25778 and 26014 levels.
BTC/USD bulls are looking to see if a constructive base can be maintained above the 21074.87 area, a previous upside price objective related to historical buying pressure that commenced around the 3858 and 9819.83 levels. The technical significance of these upside levels was confirmed when BTC/USD tested the 17787.51 area in mid-June, and additional related price objectives include the 25142.29 and 31717.02 areas. Possible technical support and areas of buying pressure include the 21406, 20926, 20446, 19852, and 19762 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 21974.38 and the 50-bar MA (Hourly) at 23186.47.
Technical Support is expected around 16990.14/ 14500.15/ 10432.73 with Stops expected below.
Technical Resistance is expected around 24365.11/ 27455.20/ 32383.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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Volatility and shakeouts that have been plaguing the cryptocurrency market for the last few weeks seem to be reaching an end, as Bitcoin…Continue reading on Medium »
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Convex Finance is predicted to decrease -16.82% in the next 5 days and hit a price target of $6.60 per CVX. Check out today's Convex Finance price prediction to learn why.
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If you’ve never heard of the concept of buying virtual land in a Metaverse world, this article will blow your mind. Not only have people…Continue reading on Medium »
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Elsewhere, Minecraft said it will prohibit NFT use on its servers in addition to banning NFTs that use the game’s assets.
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There is a veritable goldrush going on in the Defi space? A rush that has seen some early participants earning lucrative returns on their…Continue reading on Medium »
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