[ad_1] Bitcoin (BTC) retains two of its best-known proponents, but one has cooled its BTC price forecasts considerably.In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed that he was unsure if BTC/USD would end the year above its starting price.Lee suggests market has “already bottomed”Bitcoin price projections for 2022 have plummeted as macro pressures combine with black swan events such as the Terra
[ad_1] The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH).Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of a “DeFi contagion” as Ethereum moves toward proof-of-stake (PoS), argues popular Bitcoin investor and independent analyst Brad
[ad_1] On June 8, the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price. With the Ropsten upgrade now looking more like a “buy the rumor, sell the news” type of event, most analysts have kept a short-term bearish outlook for Ether price. Let's take a look.ETH/USDT 1-day chart. Source: TradingViewCan Ether escape the head-and-shoulders pattern?Pseudonymous Twitter analyst "Cactus" pointed out a
[ad_1] Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions.BTC-USD 12-hour price at Coinbase. Source: TradingViewThe choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in the same period. On one side, there has been economic growth in the Eurozone
[ad_1] Bitcoin (BTC) showed strength at the June 8 Wall Street open as impatient traders waited for a trend to emerge.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin still in “no trade zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping to near $30,850 after the opening bell, helping claw back some of the ground lost in an overnight correction.Choppy trading conditions prevailed within a familiar range on the day, however,
[ad_1] Ethereum's native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called "double Doji" pattern, accompanied by a few bullish technical indicators.Ether strong support confluence meets DojisTo recap, a Doji is a candlestick that forms when a financial instrument opens and closes around the same level on a specified timeframe, be it hourly, daily or weekly. From a technical perspective,
[ad_1] Bitcoin (BTC) left both long and short traders behind in May and June, but data suggests trading it may be “easier” than many imagine.According to on-chain analytics resource Whalemap, Bitcoin whales have all but dictated market performance in recent weeks.Whales help pin Bitcoin at $30,000In a fresh analysis published on June 7, Whalemap researchers showed that BTC/USD local tops and bottoms have coincided with areas of heightened whale activity.When Bitcoin’s
[ad_1] Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action.The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network that provides important off-chain information needed for the proper functioning of smart contracts. Data from
[ad_1] Bitcoin's (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on June 7, the price rapidly reversed course as Bitcoin rallied back to $31,500, but given the current rejection at this level, traders are likely to proceed cautiously, rather than expect
[ad_1] At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair's 78.5% year-to-date decline.SOL price nears bullish wedge breakoutFirst, Solana has been painting a "falling wedge" since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines.As a rule
