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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.

 

 

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  1. Bitcoin pushed back above $80,000 for the first time since late January, as traders reacted to a mix of geopolitical relief, steady ETF demand and a moderate short squeeze across crypto derivatives markets. BTC traded near $80,000 after touching an intraday high of $80,529, reaching its highest level since January 31. The break matters because $80,000 had become the market’s nearest...
  2. Dogecoin started a decent increase above $0.1050 against the US Dollar. DOGE is now consolidating and might aim for an upside break above $0.1150. DOGE price started a fresh increase above $0.1150 and $0.120. The price is trading above the $0.1085 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.1085 on the hourly chart of the DOGE/USD pair...
  3. XRP price started a decent increase above $1.3850. The price is now consolidating gains and might aim for more gains above the $1.420 zone. XRP price started a steady increase above the $1.40 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1.3920 on the hourly chart of the XRP/USD pair (data source from...
  4. Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,350 zone. The price is trading above $2,365 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken)....
  5. Bitcoin price started a fresh increase and cleared the $80,000 zone. BTC is consolidating and might aim for more gains above the $80,500 level. Bitcoin managed to stay above $78,000 and started a fresh increase. The price is trading above $78,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $79,000 on the hourly chart of the BTC/USD pair (data...
  6. XRP is trading in a quiet range between $1.38 and $1.40, but new derivatives data indicates the calm may be masking a more unstable setup beneath the surface.  A CryptoQuant analysis by Pelinay shows that XRP’s leverage structure is low and moving sideways, while its price action has been relatively higher than the leverage, and this has created a divergence that history has shown to resolve...
  7. The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Related Reading: Bitcoin Set For $80K Retest, Options Flash Potential Short Squeeze – Details Bull Score Index Within Neutral Territory In an X...
  8. Bitcoin continues to consolidate within the $78,000 zone, following its net positive performance in April. Having shown key signs of recovery, the leading cryptocurrency is now gathering momentum for its next major price swing. Amid the wait, a pivotal negative trading signal has emerged. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst TD Sequential...
  9. Bitcoin had a modest start to May, with the flagship cryptocurrency rising as much as 3.5% on Friday. As of this writing, the premier cryptocurrency trades near $78,400, barely moving over the past day. Interestingly, a market pundit has explained how a perceived shift in Bitcoin’s investor behavior could be a major influence on the cryptocurrency’s inertia. Buying Power On Binance Fades After...
  10. Ripple’s own top engineer has thrown cold water on one of the XRP community’s most persistent theories — that the company’s 1,700 non-disclosure agreements are hiding secret, large-scale adoption plans. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst Chief Technology Officer David Schwartz said those NDAs are standard business practice...