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Cryptocurrency News Articles
Analysts Spot Bitcoin’s Bullish Trend With an Inverted HNS Pattern
Jan 29, 2024 at 04:37 pm
- Analysts spot potential bullish trend for Bitcoin with an inverted HNS pattern forming on the 4-hour chart.
- Bitcoin's market is balanced with a 4-hour RSI at 60.35, within Bollinger Bands' support and resistance.
- The 4-hour MACD indicates Bitcoin’s bullish momentum, highlighting key trading levels.
Recently, Bitcoin has been exhibiting noteworthy movements on the 4-hour chart. As per CryptoBusy, an analytic platform, speculation around forming an inverted Head and Shoulders (HNS) pattern signals an upcoming bullish trend. Alternatively, another drop could establish a double bottom, suggesting the potential for a rebound.
The Relative Strength Index (RSI) hints at a descending trend, possibly foreshadowing a Bitcoin value dip. Despite these challenges, the currency's technical outlook remains modestly optimistic for the medium to long term.
Bitcoin is priced at $42,155.10, with trading volumes reaching $15 billion in the past 24 hours. Despite a slight 0.75% decrease recently, the 4-hour RSI at 60.35 suggests a balanced market without clear signs of overbuying or overselling.
Read full article at CryptoTale.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- The Cryptocurrency Market: Navigating the Storm Amid Trade Wars
- Feb 03, 2025 at 03:00 pm
- The cryptocurrency market is currently grappling with significant volatility as geopolitical tensions rise, particularly due to the trade disputes initiated by the Trump administration. This has led to notable declines across major cryptocurrencies, significantly impacting investor confidence.
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- Top 5 Virtual Assets That People Are Most Interested in as of the 3rd
- Feb 03, 2025 at 03:00 pm
- According to the top gainers in Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) by the AI-based Web3 search platform Kaito, the top five keywords related to virtual assets that people are most interested in as of the 3rd are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Dogecoin (DOGE).
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- XRP ETF Inches Closer as DTX Exchange Surges, Attracting Investors Seeking High-Growth Crypto Opportunities
- Feb 03, 2025 at 03:00 pm
- The cryptocurrency landscape is buzzing with anticipation as Ripple's XRP ETF inches closer to regulatory approval. With Grayscale, Bitwise, and 21Shares filing for spot XRP ETFs, the potential for a monumental price surge looms large.
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- Bitcoin and Altcoin Prices Drop as Global Crypto Market Cap Sheds $130B in the Past Seven Days
- Feb 03, 2025 at 03:00 pm
- In the past seven days, the global crypto market experienced significant volatility spurred by several factors. These include China's AI DeepSeek in the US market, the Fed's lending rate decisions, and new tariffs announced by President Trump.
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