resistance – DIGIT INFO

Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery

DIGIT — Mon, 05 Aug 2024 12:37:23 +0000

On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure […]

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Bitcoin return to $73K could be a start to ‘escape velocity’ phase

DIGIT — Thu, 23 May 2024 02:32:12 +0000

A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset.

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Citi Analysts Predict ‘Near-Perfect Conditions’ for Silver’s Ongoing Bull Market; Experts Suggest $30 an Ounce a Possibility

DIGIT — Sat, 22 Apr 2023 16:04:56 +0000

The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08 per ounce. Citi analysts […]

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Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’

DIGIT — Mon, 19 Dec 2022 21:30:13 +0000

Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” […]

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Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’

DIGIT — Tue, 08 Nov 2022 23:00:44 +0000

Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]

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Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’

DIGIT — Thu, 06 Oct 2022 16:30:52 +0000

Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the […]

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Bitcoin price drops to $43.5K, but data and BTC’s market structure project strength

DIGIT — Wed, 06 Apr 2022 17:34:38 +0000

BTC price took a sharp tumble below a key support level, but data shows April 6’s dip could be another buying opportunity for bulls.

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Technical Analysis: WAVES Almost 20% Higher to Start the Week, as FLOW Also Rises

DIGIT — Mon, 07 Mar 2022 18:20:37 +0000

WAVES was once again trading higher, as cryptocurrency markets marginally climbed to start the week. Although the weekend’s red wave has not fully faded, FLOW was also able to move higher on Monday. WAVES WAVES rose for a second consecutive session to start the week, breaking out of its long-term resistance level in the process. […]

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Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return

DIGIT — Sat, 05 Feb 2022 16:15:18 +0000

During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher. Biggest gainers Following a huge week of news in the gaming and crypto space, it was only a matter […]

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Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low

DIGIT — Mon, 24 Jan 2022 18:30:09 +0000

The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which […]

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