Author: driver789

A new Bitcoin death cross would ensure continuation of the bear market unless a “major bullish catalyst” appears, per new BTC price analysis.Bitcoin (BTC) needs a “major bullish catalyst” to avoid canceling out its March rally, says the latest analysis.Key points:New findings warn that short-term BTC price strength does not remove the risk of the bear market continuing.Bitcoin faces plenty of overhead resistance in the mid-$70,000 zone.A “death cross” formed of two weekly trend lines is still on course to confirm this week.BTC price caught between multiple trend linesIn an X update on Wednesday, Keith Alan, cofounder of trading resource…

Bitcoin’s “air pocket” is once again coming into focus as the largest cryptocurrency by market capitalization rose on Wednesday to just below $72,000.The air pocket refers to a thin area of supply between $72,000 and $80,000, where relatively few coins last changed hands, according to data from Glassnode.Roughly just 1% of the circulating bitcoin supply sits within this range. Because so few holders established positions there, the market may encounter limited resistance if prices begin moving through the zone. In practical terms, that means if bitcoin pushes decisively above $72,000, the move toward $80,000 could occur relatively quickly.Historically, bitcoin has…

Nobitex, Iran’s biggest crypto exchange, showed no signs of a sustained, user-driven run after US-Israeli strikes on Iran, even as blockchain data indicated a brief spike in activity and higher outflows from Iranian exchanges more broadly, according to separate analyses from TRM Labs and Chainalysis.The TRM report, which examined onchain activity around Nobitex after US-Israeli strikes on Iran began on Feb. 28, found that the platform recorded a noticeable increase in activity in the immediate aftermath, including transfers exceeding $35 million from hot wallets to cold storage. However, TRM said the transfers were likely part of the exchange’s internal treasury…

Crypto analyst Javon Marks has predicted that the XRP price could rally 680% against Bitcoin, reaching $10 in the process. The analyst also indicated that the altcoin could rally higher, reaching the $15 target.  XRP Price Eyes 680% Rally Against Bitcoin In an X post, Javon Marks stated that the XRP price against Bitcoin looks to be setting up for an over 680% run, which could spark a larger rally for the altcoin. He noted that this could lead to a move to the $10 price point for XRP. The analyst added that this price rally aligns with the current…

Ripple Prime, also known as Hidden Road Partners CIV and now a wholly owned subsidiary of Ripple, appeared in a directory of a DTCC subsidiary with a “first trade date” of March 2. Mistaken members of the XRP ($1.39 · Live) community quickly declared the listing as proof that massive settlement volumes are migrating to the XRP Ledger (XRPL).  They haven’t.  The Depository Trust Clearing Corporation (DTCC) has approximately $100 trillion in assets under custody and processes $4 quadrillion worth of annual transaction settlements. Its numbers were so impressive that they fooled fans of Ripple into thinking that its blockchain…

Segregated Witness (BIP by Pieter Wuile, Eric Lombrozo, and Johnson Lau) and Taproot (BIPs by Pieter Wuille, Jonas Nick, Tim Ruffing, and Anthony Towns) are the two largest changes ever made to the Bitcoin protocol.  The former fundamentally changed the structure of Bitcoin transactions, and in the process Bitcoin blocks, to address inherent limitations of the previous transaction structure. The latter rearchitectured some aspects of Bitcoin’s scripting language, how complex scripts are structured and validated, and introduced a new scheme for creating cryptographic signatures.  Those are both massive changes in comparison to say, adding a single opcode like CHECKTIMELOCKVERIFY (CLTV)…

Bitcoin (BTC) bulls are eyeing a move back toward $80,000 in March, with at least three indicators flashing increasing upside momentum.Key takeaways:Bitcoin jumped by over 5% toward $72,000 on Wednesday.Multiple indicators, including a symmetrical triangle, hint at an extended price rally toward $80,000.Bitcoin invalidates bearish chart patternOn Wednesday, BTC’s price showed signs of invalidating what initially appeared to be a bear pennant.The BTC/USD pair pierced the pennant’s upper trend line after jumping 5.21% to around $71,900. Its breakout came alongside a rise in trading volume, implying stronger conviction behind the rally. BTC/USD daily price chart. Source: TradingViewThat simultaneously increased the…

Bitcoin BTC$68,503.15 surged Wednesday, underscoring its growing resilience to turmoil in the Middle East, while gold, a traditional safe haven, lagged. The leading cryptocurrency by market value rose to $71,023 during the European hours, up over 6% on a 24-hour basis, according to CoinDesk data. Other majors such as ether (ETH), XRP (XRP) and solana (SOL) followed bitcoin’s lead, rising between 4% and 6%. The CoinDesk 20 Index, a broader market gauge, rose over 5% to 2,025 points. “Bitcoin may now exhibit some defensive characteristics during crisis periods, but gold’s retreat highlights that even classic safe-havens are not immune to…

Bitwise chief investment officer Matt Hougan says he’s drastically cut his estimates of when “on-chain finance” will take off after seeing investors pile into crypto platforms such as Hyperliquid to trade tokenized assets amid the US-Israel attack on Iran.In a post on Tuesday titled “The weekend that changed finance,” Hougan said crypto perps futures platform Hyperliquid became the epicenter for trading real-world assets like crude oil and tokenized gold while the US, European and Asian stock exchanges were closed at the time of the first attack on Saturday at about 3:30 am UTC. Source: Bitwise“For most of Sunday, onchain finance…

Bitcoin’s current price trajectory has left a lot to be desired, with the most concern currently being for when the digital asset will hit a bottom. There have been countless predictions since the decline began, and yet, Bitcoin remains below $70,000. Nevertheless, it has not stopped the barrage of bottom calls and price predictions. One of these was shared by crypto analyst Crypto Patel, who took to using historical data and performance to track how low the BTC price will probably drop before reversing upward. Bitcoin Price Could Still Crash To $50,000 In the analysis , Crypto Patel pointed to…