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Market Analysis

Market Analysis Feb 19th, 2024: Bitcoin poised to test crucial resistance level after surpassing $52,000

Reading Time: 6 minutes Bitcoin (BTC) defied expectations by breaking the $50,000 resistance level, marking its highest price point since 2022. This breakthrough presents two potential scenarios: If BTC can sustain its momentum and climb above $53,000, it could trigger…
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Market Analysis

Market Analysis Jan 22nd, 2024: BTC Potentially Heads to $40K Support Line

Reading Time: 6 minutes Following the discussion of the Bitcoin Spot ETF, Bitcoin (BTC) price still shows no signs of increasing. Instead, selling pressure has increased, leading to a notable price drop. Currently, BTC is in a critical zone, struggling…
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Cryptocurrency Technology Beginner

Advantages and Disadvantages of Decentralization in Blockchain

Reading Time: 3 minutes The concept of decentralization is gaining popularity with the emergence of cryptocurrencies, which have captured attention for their potential to transform financial transactions. Where once all control was held by centralized authorities, now everyone can have…
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Market Analysis

Market Analysis Nov 13th, 2023: BTC & ETH Share the Sharp Rise

Reading Time: 6 minutes At the beginning of November, the price of bitcoin (BTC) rose to $37,000, followed by a rise in Ethereum (ETH) touching $2,000, marking its highest level since April. Will this upward trend continue? Find the analysis…
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Market Analysis

Market Analysis Nov 6th, 2023: Will BTC Continue to Outperform in November?

Reading Time: 6 minutes The euphoria of Uptober for crypto investors seems to continue as the price of Bitcoin (BTC) rose up to 30% during the month of October. However, many questions arise as to whether November will follow October’s…
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Market Analysis

Market Analysis Oct 30th, 2023: Uptober Confirmed with BTC Surging by 30%

Reading Time: 8 minutes Cryptocurrency investors are rejoicing as bitcoin (BTC) prices soared to $35,000, pushing the overall crypto market up a substantial 9%. The much-anticipated “Uptober” appears to be in full swing for crypto investors, especially given the recent…
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Market Analysis

Market Analysis Oct 23rd, 2023: BTC Breaks $30K Resistance – Is This a Bullish Turn?

Reading Time: 9 minutes The previous week in the crypto market witnessed a series of interesting events, from a tweet from the Cointelegraph account that caused volatility in the price of bitcoin (BTC) to Ripple’s three victories in a row…
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Investing Intermediate

What is the Funding Rate? Why is it Important?

Reading Time: 5 minutes Trading crypto comes in various forms such as spot and futures trading. Within futures trading, there are two types: traditional futures contracts and perpetual futures contracts. Most retail traders typically use perpetual futures contracts because they…
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Cryptocurrency Technology

What is an MPC Wallet?

Reading Time: 5 minutes Investing in digital assets requires careful consideration of how to secure and protect the assets stored in a digital wallet. In the rapidly evolving Web3 world, where cryptocurrencies and blockchain technology are prevalent, ensuring secure transactions…
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Market Analysis

Market Analysis Oct 2nd 2023: A Promising Start to October for Bitcoin

Reading Time: 7 minutes As October unfolds, Bitcoin (BTC) finds itself in a historically favorable position. This month has traditionally favored BTC with an upward trajectory. Adding to the optimism is the news of the Securities and Exchange Commission (SEC)…
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Market Analysis

Market Analysis Sep 25th 2023: Fed Postpones Rate Hike, Bitcoin Slightly Down at $27,000

Reading Time: 8 minutes In the previous week, the Federal Reserve opted to maintain its current interest rates. As a result, Bitcoin (BTC) experienced a modest decline in value. However, there are indications that the Fed may raise interest rates…
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Market Analysis

Market Analysis Sep 18th 2023: Bitcoin Surges 3.2% in One Week Amidst Stable Macroeconomics

Reading Time: 8 minutes During the past week, Bitcoin witnessed a 3.2% surge in value, due to stable macroeconomic factors. This upward momentum, if sustained, has the potential to catalyze a broader upswing across the entire cryptocurrency market. But, the…
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Market Analysis

Market Analysis Sep 11th 2023: BTC Faces Potential Decline to $23,500 as Dollar Strengthens

Reading Time: 7 minutes Bitcoin (BTC) remains on a downtrend as the U.S. dollar gains strength. There is growing speculation and concern that the dollar’s ascent will persistently exert downward pressure on BTC prices and weaken the overall cryptocurrency market.…
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Market Analysis Intermediate

Market Analysis Sep 4th 2023: BTC Drops Below 200 & 250-Day Moving Averages After Momentary Spike

Reading Time: 8 minutes The crypto market has yet to show any signs of recovery, especially with Bitcoin (BTC) continuing its downward trend for the past three weeks. Historically, BTC prices have always performed poorly in September. So how is…
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Market Analysis

Market Analysis Aug 28th 2023: Bitcoin Breaks Key Support Level, New Support at $25,700

Reading Time: 8 minutes Bitcoin (BTC) broke through its 200-day moving average (MA) last week, a key support level. The price of BTC then continued to fall after breaching this support level. Read the following analysis for more details. The…