Bitcoin’s correlation with the S&P 500 continued to rise over the past month, suggesting investors’ appetite for risk remains strong. On the other hand, demand for Treasury bonds, once deemed to be safe investments, has declined given market expectations of rising inflation and slowing economic growth. Source link … [Read more...] about Bitcoin Expected to Breakout and Rise with Altcoins
Breakout
Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Solana “remains a near-term standout” after reaching $235, but may see some minor consolidation following the latest rally. FSInsight predicts further gains up to $308.60 and suggests buying during dips. If, however, there is a pullback, FSInsight sees first support in solana at $178.56 and then at $152.54. Source link … [Read more...] about Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says
Ethereum price analysis: ETH bulls target breakout above $4k
ETH/USD remains on track for a new all-time high, but a flip below $3,800 could trigger a reversal to the $3,500 zone ETH price is hovering around $3,856 at time of writing, with bulls experiencing the second day of bearish pressure that has capped its latest upside. The downward pressure threatens to push the ETH/USD pair lower, which might see bears establish the $4,000 zone … [Read more...] about Ethereum price analysis: ETH bulls target breakout above $4k
Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K
Bitcoin (BTC) stayed below the $33,000 mark on Friday, with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday.Earlier in the week, $33,000 saw multiple … [Read more...] about Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K
Why Bitcoin’s next breakout may not be an altcoin season signal
On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom.The popular Crypto Fear and Greed Index reached its lowest level in 12 months on April 25, signaling that investors were closer to "extreme fear," which was a complete reversal from the … [Read more...] about Why Bitcoin’s next breakout may not be an altcoin season signal