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A widely followed crypto analyst says that gold may just have signaled the local top of Bitcoin’s (BTC) recent strength. In a new video update, crypto strategist Benjamin Cowen tells his 800,000 YouTube subscribers that if gold continues to do well, the top crypto asset by market cap may be in for a an extended The post Gold May Have Just Signaled End of Bitcoin (BTC) Rally, According to Analyst Benjamin Cowen – Here’s What He Means appeared first on The Daily Hodl .

Gold May Have Just Signaled End of Bitcoin (BTC) Rally, According to Analyst Benjamin Cowen – Here’s What He Means

Cryptocurrency analyst Michaël van de Poppe announced in his latest statement the altcoins that he claims can 3x in the future. Continue Reading: Veteran Analyst Shares 5 Altcoins He Claims Will Make 3x Against Bitcoin From Current Levels

Veteran Analyst Shares 5 Altcoins He Claims Will Make 3x Against Bitcoin From Current Levels

The post Top 5 Altcoins to Stack in May for 10x Profits appeared first on Coinpedia Fintech News Almost halfway down in 2024, the major bullish catalysts, like the launch of Bitcoin Spot ETFs and the Bitcoin Halving, have played out. With the latter failing to boost the crypto market, Bitcoin and the altcoins are at a pivotal stage. Despite the downside risk, certain altcoins pose a bullish setup with an upside potential …

Top 5 Altcoins to Stack in May for 10x Profits

Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.

Crypto trader sees best 'altseason' since 2017 as Bitcoin price cools

This week marked the launch of Grayscale’s newest Bitcoin offering with the lowest-ever fee to win back investors after experiencing significant outflows totaling billions of dollars from its Grayscale Bitcoin Trust. Let’s find out more.

Crypto Weekly Roundup: Tesla HODLs BTC, Cosmos Fixes Vulnerability, & More

As the digital currency market evolves, blockchain technology serves as the foundation for major cryptocurrencies like Bitcoin, enabling decentralized transactions. However, the increasing demand for faster and more scalable solutions has highlighted the limitations of traditional blockchain technology. Directed Acyclic Graph (DAG) technology emerges as a compelling alternative, offering enhanced scalability and transaction speed that The post Exploring Blockchain Evolution: BlockDAG Leads With A Bold $30 Valuation Forecast By 2030, Surpassing TRON And Shiba Inu appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Exploring Blockchain Evolution: BlockDAG Leads With A Bold $30 Valuation Forecast By 2030, Surpassing TRON And Shiba Inu

Is Bitcoin bull run over? This signal suggests that major price correction could be on cards

This Bearish Indicator Could Signal the Start of Major Bitcoin Price Downturn

Christian Langalis is anticipated to receive roughly $875,000, equivalent to 13.6 BTC, after Scarce.City deducts its 15% fee.

‘Buy Bitcoin’ Sign Held at Janet Yellen’s 2017 Speech Sells for $1M

Bitcoin price struggles below $64,000 amid investor concerns. US GDP growth and inflation trends impact crypto predictions. Continue Reading: Insights on Cryptocurrency Trends and Economic Indicators

Insights on Cryptocurrency Trends and Economic Indicators

Litecoin (LTC) defied the overall sluggishness of Proof-of-Work (PoW) coins this week, climbing 4% to a two-week high of $86 on April 26. This surge has rattled short sellers and ignited a potential short squeeze, with analysts predicting a bullish run towards the $100 mark. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Litecoin Bulls Flex Their Muscle While other cryptocurrencies have struggled to gain momentum this week, Litecoin bulls have managed to push slightly ahead. This unexpected rally has added a significant $190 million to Litecoin’s market capitalization, showcasing a renewed investor interest in the digital silver. Market watchers attribute the surge to a confluence of factors. Firstly, a significant number of traders are betting big on Litecoin’s continued rise, evident in the overwhelming leverage applied in the derivatives market. Data from Coinglass reveals a bullish sentiment, with the value of long leveraged positions exceeding shorts by a notable margin. This optimistic outlook places immense pressure on short sellers, who stand to incur heavy losses if the price keeps climbing. Source: Coinglass Short Squeeze Looms As Price Eyes $100 The current price action suggests that a short squeeze might be brewing. Short sellers borrow LTC tokens, sell them at a higher price in anticipation of buying them back later at a lower price to pocket the difference. However, if the price goes up instead of down, they are forced to buy back LTC at a loss to cover their positions. This buying activity to mitigate losses further pushes the price up, creating a snowball effect. LTC is currently trading at $84.42. Chart: TradingView Analysts estimate that a mere 10% price increase, propelling LTC to $96, could trigger liquidations worth $16 million for short sellers. Conversely, bullish traders have amassed leveraged long positions exceeding $16 million around the current price point. This leverage disparity empowers the bulls to potentially drive the price towards the coveted $100 milestone in the coming days. Related Reading: The Machines Know: Bitcoin Primed For Epic Price Surge To $77,000 Volatility Ahead: A Word Of Caution While the short-term outlook for Litecoin appears optimistic, experts advise caution. The current rally seems primarily driven by speculation and leveraged trading, not necessarily by fundamental advancements within the Litecoin ecosystem. This dependence on market sentiment makes the price susceptible to swings. If the bullish momentum fizzles out, a price correction could trigger significant liquidations of overleveraged long positions, causing a reversal. The coming days will be crucial in determining whether the bulls can maintain control and propel LTC to $100, or if the bears regroup and trigger a reversal of fortunes. Featured image from Pexels, chart from TradingView

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