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Cryptocurrency News Articles
Bitcoin (BTC) Price Prediction and Analysis April 13: BTC Bulls Aiming to Reclaim $100K as Market Cap Surges
Nov 21, 2024 at 07:20 pm
The bulls are in control of today's session, as seen from the increase in the global market cap. The total cap stood at $3.19T as of press time
World’s leading cryptocurrency prices saw mixed changes on Friday evening, with Bitcoin failing to post gains amid a broader market rally. At the same time, Ethereum, Bitcoin Cash, Bitcoin SV, and eCash prices rose during the last 24 hours.
In particular, BTC’s price slipped by 0.08%, while ETH’s price rose by 0.29%. At the same time, BCH’s price increased by 17.59%, BSV’s price rose by 10.63%, and XEC’s price went up by 7.08% over the last 24 hours.
The global cryptocurrency market cap stood at $3.19 trillion as of press time, showing a 2.68% increase over the last 24 hours, while the trading volume jumped by 13.12% over the same period to stand at $203.4 billion.
Bitcoin’s price trades at $97,530 after a 4.26% increase over the last 24 hours. BTC’s 4-hour chart shows that the price is trading above all key moving averages (50, 100, 200 SMA), indicating strong bullish momentum. The 50 SMA ($91,220) is substantially above the 100 SMA ($84,570), which is above the 200 SMA ($76,637). This alignment is a classic bullish trend.
Moreover, we see that the Volume Delta is increasing, and green volume bars suggest rising buying pressure, confirming the uptrend.
Next, Ethereum’s price trades at $3,139 after a 0.29% increase over the last 24 hours. ETH’s 4-hour chart shows that the price is testing the upper Bollinger Band ($3,185), indicating strong bullish momentum but also overbought conditions. The middle band ($3,117) serves as dynamic support.
On the other hand, we see that the Awesome Oscillator (AO) is confirmed by green bars in the AO, but declining histogram heights suggest a potential slowing of upward momentum.
Moving on, Bitcoin Cash’s price trades at $521.52 after a 17.59% increase over the last 24 hours. BCH’s 4-hour chart shows that the green (lips), red (teeth), and blue (jaw) lines are expanding and aligned bullishly, confirming upward momentum.
Moreover, we see that the Money Flow Index (MFI) is at 79.62, indicating overbought conditions and the possibility of a short-term pullback.
Later, Bitcoin SV’s price trades at $76.50 after a 10.63% increase over the last 24 hours. BSV’s 4-hour chart shows that the green (lips), red (teeth), and blue (jaw) lines are expanding and aligned bullishly, confirming upward momentum.
On the other hand, we see that the Money Flow Index (MFI) is at 79.62, indicating overbought conditions and the possibility of a short-term pullback.
Finally, eCash’s price trades at $0.00004853 after a 7.08% increase over the last 24 hours. XEC’s 4-hour chart shows that the price is well above the cloud, signaling a strong bullish trend. The future cloud (Senkou Span A and B) is bullish, supporting further upside.
Moreover, we see that the ADX (Average Directional Index) is at 24.79 suggests a moderately strong trend, which could strengthen further.
Disclaimer:info@kdj.com
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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- Neuralink Begins CAN-PRIME Study, Its First International Trial of Its Fully Implantable BCI
- Nov 22, 2024 at 12:25 am
- The Elon Musk-backed BCI maker can now begin the CAN-PRIME study, its first international trial. It evaluates the company's fully implantable, wireless BCI, building upon the ongoing PRIME study in the U.S.
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- Bitcoin (BTC-USD) Jumps to a Record High as Investors Eye Targets of $100,000
- Nov 22, 2024 at 12:25 am
- Bitcoin (BTC-USD) jumped to a record high Thursday morning, trading just north of $98,000 before paring gains as investors remain bullish on pro-crypto policies from the incoming Trump administration.
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- Bitcoin ATH Again, ETH/BTC Pair Weakens, Delaying Altcoin Season?
- Nov 22, 2024 at 12:25 am
- Bitcoin prices rose again today, immediately setting a new record high of all time (ATH). The world's largest crypto asset by market cap jumped 6%, setting an all time high record at the level of 97,457 US dollars (around Rp1.54 billion) based on CoinMarketCap data.
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- MicroStrategy (MSTR) Stock Was on Another Wild Ride Early Thursday, Rising as Much as 11%
- Nov 22, 2024 at 12:25 am
- MSTR) stock was on another wild ride early Thursday, rising as much as 11% before forfeiting a chunk of those gains after short-seller Citron Research said it had taken a new bet against the stock, which has gained over 600% this year.