Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks

In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more than 328,000 followers across his various social media platforms, many of whom are prominent individuals, including big names like Binance CEO Changpeng Zhao. First things first, we have officially entered Q4 2022 and, more importantly, October, which has historically been a…

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Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?

On Oct. 4 and 5, Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to April 22 or Nov. 15, depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point-of-view for Bitcoin price? In reality, BTC price simply “consolidated” its way through the trendline by trading in…

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Ethereum Price Breaks Hurdle, Why Bulls Could Aim $1,500 or Higher

Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone. Ethereum is slowly moving higher and trading above the $1,350 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,370 resistance. Ethereum Price Eyes…

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Bella Protocol Shows Strength, Can Bulls Break A Key Resistance?

BEL price creates more bullish sentiment as price struggles to break and hold above the daily 50 EMA  BEL looks more stable as bulls breakout of a descending triangle The price of BEL could face major resistance at $1  Bella Protocol (BEL) had a rocky start to the year, failing to live up to its initial hype. However, this could be set aside as the price has recently turned bullish against tether (USDT). Bella Protocol (BEL) has seen more of a downtrend than an upside in the bear market, with…

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Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2?

LIT price creates more bullish sentiment as price hold above daily 50 EMA  LIT looks more stable as bulls breakout of a descending triangle The price of LIT could face major resistance at $1.2  Litentry (LIT) has had a rough start to the year, but that could be shelved aside as the price looks more bullish recently against tether (USDT). Litentry (LIT) price has seen more of a downtrend in the bear market than an upside with the price struggling to regain the bullish structure and has failed each time…

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Binance Coin (BNB) Bulls Defends Key Zone, Will The Give Up?

BNB price creates mixed feelings on the high timeframe as price forms a descending triangle on the daily chart while an ascending triangle forms on the weekly chart.  BNB looks more stable as the price aims to flip the $340 resistance to set up a bullish sentiment.   The price action of the Binance Coin (BNB) continues to look strong despite the price forming a bilateral chart pattern on the daily and weekly timeframe. Surprisingly Bitcoin (BTC) movement in a range has had little effect on the price of Binance Coin…

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Here’s Why Bulls Are Comfortable

Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum recovered above $1,300 and started a consolidation phase. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone. Ethereum…

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Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play

Cardano’s (ADA) long-awaited Vasil update went live on Sept. 22, which promises to make its blockchain more scalable and cheaper than before. However, this has failed to bring bullish momentum to the ADA market. Sell-the-news hampers Cardano ADA’s price has dropped by approximately 9.5% since the update and was changing hands for $0.43 on Sept. 26. The ADA/USD pair’s drop was accompanied by a rejection candlestick on its daily price chart, confirmed by a brief rally to $0.48 on the day of the fork and a sharp correction thereafter. ADA/USD daily…

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Bitcoin Bulls And Bears Tussle Price, Where Will Price End Up?

BTC price ranges below 50 and 200 EMA on the daily timeframe.  Price continues to range in an asymmetric triangle during the four-hourly timeframe.  BTC price closes the week bearish for two weeks as the price gets stuck between bulls and bears.  The price of Bitcoin (BTC) has seen more of a drawback than a rosy state this month as prices continue to decline against tether (USDT). September wasn’t a good month for the price of Bitcoin (BTC) as the market continued to stall in its movement to the upside.…

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Ethereum Avoids a Major Downtrend, Bulls Eye Crucial Breakout

Ethereum started an upside correction above $1,250 against the US Dollar, following XRP rally. ETH could gain bullish momentum if it clears the $1,400 resistance. Ethereum started a recovery wave above the $1,250 and $1,300 levels. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further it clears the key $1,400 resistance zone. Ethereum Price Recovers Ethereum managed to…

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