Bitcoin (BTC) would need to return below $20,000 to reset a key metric which covers speculative profit-taking, data shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytic...
Tag: ProfitTaking
Ethereum (ETH) Bulls Weaken As Profit-Taking Intensifies
The largest altcoin, Ethereum (ETH), saw a rally of over 30% during the first month of January. As a result, Ethereum opened February with a 10% increase and is currently trading around $1,666. On-cha...
Profit-Taking Hits Crypto and Chinese Stocks After Lunar New Year
After a week-long Lunar New Year break, cryptos and Chinese stocks have seen a dip in their bull market performance, leading to speculation of profit-taking. The CSI 300 index, which tracks the larges...
Aptos [APT]: At overbought highs, here’s how profit-taking might affect you
APT’s price went up by over 90% in the last week. The altcoin was severely overbought at press time, and a price correction might be imminent. Aptos [APT] rallied by 92% in the last week, making it th...
Shiba Inu reaches the 61.8% Fibonacci extension level – a wave of profit-taking could ensue
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Shiba Inu was firmly bull...
Analytics Firm Issues Alert, Says Bitcoin and Ethereum Witnessing Highest Profit-Taking Level in Over a Year
New data from crypto analytics firm Santiment suggests that traders may believe the top two leading digital assets by market cap are about to find their local tops. According to Santiment, crypto trad...
Bearish Signal: Bitcoin, Ethereum Profit-Taking Reach 2021 Levels
Bitcoin (BTC) and Ethereum (ETH) are still rallying since the prices of the digital assets crossed over into pre-FTX crash levels. They continue to see green movements in the market, posting gains at ...
ETH’s spike in address activity didn’t coincide with ‘profit-taking opportunity’
ETH sold at a five-week high of $1,335 on 13 November. Daily active addresses rallied to a year-high of 653,000. There was a decline in ETH’s network growth. Having traded momentarily at the $1,335 pr...
Shiba Inu Price Prediction – Profit-taking Stalls Rally, Why Tamadoge is a better Buy, up 20%
Join Our Telegram channel to stay up to date on breaking news coverage After Elon Musk completed his Twitter purchase, Shiba Inu made a bold uptrend last week following a meme coin trading frenzy. SHI...
Ethereum Exchange Inflow Soars, Hinting at Spike in Profit-Taking
Ethereum has been one of the most consistent gainers for over 10 days now, surging more than 25%. With the bullish momentum weakening, how can ETH price action pan out? ETH price was subject to Ethere...
Bitcoin metric warns of $21K profit-taking as decade-old BTC wakes up
Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” Bitcoin returning...
Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018
Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction inv...
Post-Merge Profit-Taking Cuts 13% Off Ethereum Ratio Against BTC
We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% up...
After Rally, Ethereum Looks Primed for Profit-Taking
Key Takeaways Ethereum is currently presenting a sell signal on the daily chart. The bearish formation comes after ETH rallied 40%. A spike in profit-taking could push ETH to the $1,300 support level....
Zilliqa Primed for Profit-Taking Following 46% Breakout
Key Takeaways Zilliqa has surged by more than 46% over the past 24 hours. The asset’s trading history suggests that a retracement could be underway. ZIL would likely have to slice through resist...
Bitcoin’s Profit-Taking Skyrockets, Will $40K to Be Reclaimed?
Stepping into May, Bitcoin (BTC) continues to turn red after nosediving below the psychological price of $40,000. The leading cryptocurrency was down by 4.85% in the last seven days to hit $38,531, d...
Is the DXY surge over? Traders brace for some profit-taking
The US dollar surged in April, as reflected by the DXY chart below. The index tracks the dollar’s performance against a basket of currencies, such as the euro, the British pound, or the Japanese yen. ...
Bulls defend fresh support zone amid a profit-taking mood
Corn price has pulled back from the 9-year high of $8.20 per bushel it hit at the beginning of the week with the market in a profit-taking mode. Even so, CBOT futures are still holding steady above $...
Dogecoin Whales Increase Transactions by 126% as DOGE Enters Profit-Taking
Tomiwabold Olajide DOGE has steadily climbed since start of April, reaching highs of $0.1799 for first time in two months Per IntoTheBlock data, Dogecoin whales have been on their toes in the previous...
Litecoin finds support but here’s why an upward move may result in profit-taking
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin was trading just beneath the $44.4k resistance level, but ...
Analysts say Bitcoin price is in the ‘profit-taking’ zone with a ceiling at $45K
The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed’s upcom...
As XRP reaches a level of resistance, can profit-taking kick in soon
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice XRP soared above the $0.64 level after it flipped this level from ...
uptrend to linger on despite the profit-taking
Crude oil price has extended its previous losses as the market remains in profit-taking mode for the third consecutive session. Investors are taking profits after the commodity reached the highest lev...
OlympusDAO’s OHM Token Tanks 30% Amid Profit-Taking, Liquidations
OlympusDAO’s “decentralized reserve currency,” OHM, has fallen by 30.4% this morning. This places the niche crypto token at $131.19 a pop, according to data from CoinGecko. Since Ne...