Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level

The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests. Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself.That was according to new analysis released on May 24, which studied Bitcoin's interaction with its 200-week moving average (WMA).Bitcoin floor target could be between $15,500 and $19,000In a Twitter thread, popular trader and analyst Rekt Capital explained how BTC/USD could behave should it fall to retest the 200WMA.A lifeline throughout Bitcoin's history, the 200WMA is a constantly rising line of last support that has never been definitively broken. Currently sitting at around $22,000, data from Cointelegraph Markets Pro and TradingView shows that the level continues to act as a line in the sand when it comes to bear markets.In times past, Rekt Capital notes, Bitcoin has been "wicked" below the 200WMA — briefly capitulating before rising back above, allowing it to remain as support and not instead flip to resistance.Those wicks, however, have involved up to 28% of the spot price, meaning that should a similar wick occur now, Bitcoin would end up at $15,500."BTC tends to wick -14% to -28% below the 200-MA.

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to find mass adoption due to the lack of a compelling use case.

Terra ‘rescue plan’ still at large as LUNA falls below $5, Bitcoin spikes to ‘$138K’ in UST

All bets are off as volatility takes complete hold of Terra’s tokens and a return to a US dollar peg seems nowhere in sight. Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets.Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, Terra (LUNA) and stablecoin, TerraUSD (UST) seeing fresh heavy losses on the day.A dubious new “all-time high” for BitcoinAfter a mass sell-off, which some argued was “coordinated” to destroy the Terra ecosystem, UST lost its peg to the United States dollar.Attempts to shore up the peg when both LUNA and Bitcoin (BTC) reserves failed, and as uncertainty gripped the market, both UST and LUNA dived to levels unimaginable just days previously.Getting close ...

Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more downside

BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks. “When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Markets Pro and TradingView shows that the BTC selloff on May 9 intensified as the trading day progressed with Bitcoin hitting a daily low of $31,000 as bulls scrambled to mount what amounted to a weak defense.

Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why

Algorand, Frax Share and Helium staged brief double-digit rallies in an otherwise stagnant market, thanks to a major partnership and new project developments. Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike.There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand.

Bitcoin set for volatile monthly close after BTC price 'checks all boxes' for major move

Where Bitcoin price action is going next involves a potent cocktail of whales, moving averages and macro triggers, Material Indicators says. Bitcoin (BTC) has reentered its most significant lifelong consolidation zone but could still crash to a “macro bottom,” new research warns.In a Twitter thread on April 27, on-chain analytics platform Material Indicators shone a light on the importance of $38,000 for BTC price action.Bitcoin circles all-important point of controlAfter lingering near liquidity at or above $37,700 on intraday timeframes, data from Cointelegraph Markets Pro and TradingView shows, BTC/USD has yet to make a clear move up or down, and traders have been left guessing which way the market will go.Macro factors are demanding further downside, as the impact of inflation and geopolitical strife is clearly felt on equities markets.At the same time, on-chain signals are anything but bearish, led by miners and their ever-increasing investment in hash rate.Whether short or long timeframe, however, $38,000 forms a critical historical price for Bitcoin.“Since the breakout from $20k in Dec '20, BTC has consolidated in this range more than any other,” Material Indicators explained.It added that the “point of control” — essentially the price level with the highest volume — now sits at “precisely” where spot price is currently acting.Where Bitcoin could go from here, however, is not obvious given this month’s price trend.

Bitcoin hits $40K, investors pump Dogecoin (DOGE) after Musk confirms Twitter purchase

Markets took a turn for the better after BTC reclaimed $40,000 and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price. The cryptocurrency market fell under pressure in the early trading hours on April 25, but a brief spurt of bullish price action sparked after media headlines announced that Elon Musk had reached a deal to purchase Twitter for $44 billion. Data from Cointelegraph Markets Pro and TradingView shows that after dropping as low as $38,210 in the opening trading hours on Monday, Bitcoin (BTC) price staged a 5.72% rally to hit an intraday high at $40,366 as news of Twitter's sale spread across news outlets.

Major exchange listings spark a 40% rally in Steem, TrustSwap and 0x

STEEM, SWAP and ZRX prices surged shortly after a round of listings at major crypto exchanges. Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout.A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21.Top 7 coins with the highest 24-hour price change.

Upcoming airdrop and boosted staking rewards send Origin Protocol (OGN) price higher

OGN booked a 140% rally as increased staking rewards, the launch of a governance token and new NFT launches excite investors. Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX). One project that appears to be following Terra's lead is Origin Protocol (OGN), a platform focused on NFTs and decentralized finance.

QSP, XDB and AST post double-digit gains amid sideways moving market

Quantstamp, DigitalBits and AirSwap climb higher as the wider market stagnates and traders take an early weekend in observance of Good Friday. Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday.A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000.

Bears control Bitcoin price, but traders say the $40K zone is still good ‘for longs’

$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation. Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices. Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the early hours on Thursday, the price of Bitcoin (BTC) was slammed back below $40,000 in the afternoon session and hit a daily low of $39,550.BTC/USDT 1-day chart.

Here’s why Chiliz (CHZ) multi-team NFL partnership and Web3 expansion plan could be bullish

Bullish momentum builds for CHZ following a new partnership between Socios.com and multiple NFL teams. One of the biggest challenges cryptocurrency projects face is finding the right type of real-world integration and a use case that can spark a new waves of adoption.Integrating blockchain and cryptocurrency with professional sports has been the expected "next wave" for some time and Chiliz (CHZ), a protocol focused creating a fan engagement platform for various sports leagues made headlines for its new developments this week.Data from Cointelegraph Markets Pro and TradingView shows that the price of CHZ has increased 69% from its 2022 low of $0.144 to hit a daily high of $0.256 on April 13.CHZ/USDT 1-day chart.

Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

COTI turns bullish after increased integration with the Cardano ecosystem and the upcoming launch of MultiDAG 2.0 and the Djed stablecoin reflect strengthening fundamentals. Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout.The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13.VORTECS™ Score (green) vs.

Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility

KAVA price continues to trend upward as excitement builds over the upcoming launch of Ethereum and Cosmos Co-Chains. Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network. One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network.Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after hitting a low of $2.92 on March 13 to establish a daily high of $5.03 on April 8.

Bitcoin treads water at $43.5k as interest rate concerns weigh heavily on global asset prices

Bitcoin price consolidates near $43,500 as analysts predict a possible breakout to $50,000 if support can hold above $43,100. Global financial markets continued to face an uphill battle on April 7 following recent hawkish comments from the United States Federal Reserve hinting at a rapid rise in interest rates as one course of action to help curb rampant inflation. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit an overnight low of $42,744 following remarks by the Fed and has since entered a consolidation pattern near support at $43,500.BTC/USDT 1-day chart.

Signs of Bitcoin accumulation suggest BTC’s dip to $45K will be short-lived

Bears took a hefty swing at BTC price on April 4, but traders say on-chain and technical analysis data point toward a short-lived correction where investors choose to accumulate on each dip. The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200. Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support at $46,000, the price of BTC hit a daily low of $45,133 before buyers emerged to bid it back above $45,700.

IOST, SKALE Network and CELR gain 30% as traders call for an altseason

CELR, IOST and SKALE secured double-digit gains, thanks to a handful of protocol upgrades and announcements related to cross-chain ability. Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements. The big winners on March 31 include protocols that focus on interoperability between the major blockchain networks as well as projects that are looking to release major updates in the near future.

Aave v3 launch triggers 50% rally from long-term descending channel pattern

AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space. The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year's fast risers have faded into obscurity but this does not mean the formerly "famous" protocols have not continued to build.One blue-chip project that is regaining momentum is Aave (AAVE), a non-custodial liquidity protocol that allows users to lend, borrow or stake their assets to earn yield from their holdings.

Analysts say Bitcoin daily close above $48K opens a clear path to a new all-time high

Analysts say Bitcoin’s surge above $48,000 is the clear macro trend change that traders have been waiting for, but are new all-time highs on the way? Cryptocurrency investors are in high spirits on March 28 as the week-long melt-up across the market extended another day with Bitcoin (BTC) rallying to $48,000 and Ether trading above $3,400.Data from Cointelegraph Markets Pro and TradingView shows that after a brief pause near support at $47,000 in early trading on Monday, an afternoon wave of buying helped lift BTC above $48,000 and bulls are identifying $52,000 as the next stop.

Interoperability-focused Stargate Finance (STG) aims to kick off DeFi 3.0

STG price rallied after excited investors piled into Stargate Finance, an interoperability-focused multi-chain DeFi platform. "Stargate Finance" has been trending on Twitter for the past week and while it's too early to call for a full blown DeFi bull market, traders have been shoveling funds into the project which claims to be a “composable omni-chain native asset bridge.”Data from Cointelegraph Markets Pro and TradingView shows STG was listed on exchanges on March 17 and its price has climbed 438% from a low of $0.665 to a high of $3.58 on March 25.STG/USDC 1-hour chart.

Here is how studying tokens’ price history helps patient traders enjoy consistent average gains.

To those who prefer consistency to lucky guesses, this algorithmic indicator has a lot to offer. Whether you consider cryptocurrency trading as art, science or a game of skill, one thing is beyond dispute: Those who excel at it are not the traders who maintain the longest series of lucky one-offs but those who establish sustainable trading processes yielding consistent returns.Ask a sample of seasoned pros if they would prefer to catch one obscure token’s 300%-in-a-day brush with fame or learn a strategy that systematically generates a 3% return on investment.

Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration

Steady ecosystem growth and GameStop’s announcement that Loopring will underpin its NFT marketplace resulted in a double-digit gain for LRC price. Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem. Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact.

Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

AXS and RON price are turning bullish as excitement builds for the launch of Axie Infinity: Origin. Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022.Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and is continuing to lead the way in 2022 as the protocol prepares for its next major launch.Data from Cointelegraph Markets Pro and TradingView shows that the price of AXS increased 56.5% over the past ten days as an increase in its 24-hour trading volume has lifted AXS to a daily high of $69.82 on March 24.

Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement

FET price could be eying new highs after fresh exchange listings, the launch of a $150 million development fund and plans to further integrate the protocol with the Cosmos ecosystem. Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amidst a marketing push to develop better brand recognition is Fetch.ai, a protocol focused on building a token-based decentralized machine learning network capable of supporting the smart infrastructure being built around the digital economy.Data from Cointelegraph Markets Pro and TradingView shows that the price of FET has climbed 43.13% over the past two days, rallying from a low of $0.322 on March 21 to an intraday high at $0.46 on March 23 as its 24-hour trading volume underwent a 5-fold increase.

Launch of real-world use-case sparks 162% rise in OriginTrail's TRAC token

TRAC price surged 162% as the rollout of OriginTrail v6 and the launch of AidTrust suggest the protocol is prepared for the Web3 migration. The global supply chain continues to struggle to get back on track following a tumultuous three years that have witnessed clogged shipping ports and a breakdown of the just-in-time delivery system. One blockchain project looking to help solve some of these issues while also facilitating the transition to Web3 is OriginTrail (TRAC), a logistics and supply chain management-focused blockchain protocol aiming to become the world’s first decentralized knowledge graph (DKG).Data from Cointelegraph Markets Pro and TradingView shows that the price of TRAC has increased 162% in the past week, going from a low of $0.36 on March 15 to a daily high of $0.95 on March 22 amid a 1,070% increase in trading volume over the past 24 hours. TRAC/USDT 4-hour chart.

Ether bulls eye resistance at $3K as the network prepares to undergo 'The Merge'

Ethereum bulls look to overcome major resistance at $3,000 as the community prepares for the merge of the Ethereum mainnet with the proof-of-stake Beacon Chain. A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000. On the altcoin front, Ether (ETH) appears to be showing some signs of life as noted by cryptocurrency analyst Willy Woo, who recently tweeted that “Ether [is] setting up to break upwards out of a very long term, 3.5-month bearish trend line.”Data from Cointelegraph Markets Pro and TradingView shows that the ETH price is now trading above support at $2,900, with bulls looking to make another run at breaking the $3,000 resistance after being firmly rejected at that level over the past few days.

3 times in March that savvy crypto traders bought breaking news for the price of a rumor

In the crypto market, getting the scoop early often means booking front seats for a massive rally. As an old saying goes: Buy the rumor, sell the news.As a digital-native asset class, the prices of cryptocurrencies are clearly susceptible to market-moving news developments that instantly spread on the internet.

XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains

Combining data-driven insight with solid contextual knowledge can spell massive gains for smart traders. The mixed crypto market that took hold starting late last year does not offer as many profit opportunities as the blooming altcoin season that came before it.

BTC price struggles below $39K ahead of expected interest rate hike by the Fed

Bitcoin consolidates below $39,000 as one trader warns about a possible squeeze on the daily chart, while a nine-year support level continues to hold strong. The blockchain community got a bit of good news on March 14 after regulators in the European Parliament's Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant ramifications for the crypto industry. Data from Cointelegraph Markets Pro and TradingView shows that despite the positive development, Bitcoin continues to trade sideways near the $39,000 level amid geopolitical uncertainty and the possibility of a Federal Reserve interest rate hike later this week.

Today's biggest crypto gainers: Why REQ, MFT and KEY rallied over 20%

REQ, MFT and KEY overcome the noise to post double-digit gains as decentralized payments and identity management trend higher amidst ongoing global developments. Cryptocurrency bulls continued to face stiff headwinds headed into the week of March 14 that began with a vote in Europe about whether or not to outlaw proof-of-work cryptocurrencies, which was ultimately rejected. Despite these pressures, however, several cryptocurrency projects have managed to post gains in excess of 20% on Monday thanks to new partnerships and protocol updates.Top 7 coins with the highest 24-hour price change.