On October 18, COINOTAG reported the introduction of dGEN1 by EthOS, an innovative hardware solution designed for seamless interaction with on-chain decentralized applications (dApps). Positioned as the “first on-chain daily
Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned. Bitcoin Price Set For Next Bull Run Zeberg highlights the Relative Strength Index (RSI), which is traditionally used to assess whether an asset is overbought or oversold. Currently, the RSI is positioned above the 50 mark, which often indicates growing bullish momentum. More importantly, the RSI has broken above a descending trendline that previously capped momentum, a shift that typically precedes robust price increases. Related Reading: Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook Alongside the RSI, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover. This event occurs when the faster moving MACD line, depicted in blue, crosses above the slower signal line, shown in red. This crossover is a traditional signal used by traders to confirm a potential reversal from bearish to bullish market conditions. Zeberg’s emphasis on this crossover is consistent with its recognized predictive value in signaling the start of a bullish phase. The third indicator, the Relative Vigor Index (RVGI), is lesser-known but no less critical. This indicator is also experiencing a bullish crossover, marked by the green line overtaking the red line. The RVGI measures the vigor of price movements and its crossover is indicative of a strong bullish undertone. The chart provided by Zeberg is annotated with several instances where these conditions were met in the past, each followed by significant price rallies. These include surges of +318% in 2019, +824% in 2020, +70% in late 2021, +64% in January 2023, and +176% in the second half of 2023, indicating not just minor increases but substantial bull runs. The historical context adds weight to the current setup, suggesting that a similar outcome may be on the horizon. Related Reading: Bitcoin’s Bull Rally Hinges On $57K Support Level—Here’s Why It Matters Zeberg has pointed out that each time Bitcoin has shown this configuration of technical indicators, it has led to rallies of no less than 60%.” Every time we have seen a confirmation of the three following indicators, BTC has rallied and by minimum 60%,” Zeberg writes. His confidence in this pattern is evident as he describes the potential for what he calls a “Blow-Off Top,” a term that suggests an intense and rapid increase in price. As reported by NewsBTC, Zeberg forecasts that a US recession is unavoidable, yet it will be preceded by a significant surge in financial markets, which includes a major rally in Bitcoin, potentially reaching between $115,000 and $120,000 in a “Blow-Off Top” scenario. At press time, BTC traded at $67,956. Featured image created with DALL.E, chart from TradingView.com
Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026 or until their authorization status is determined, marking a major shift in crypto compliance across
The post High-Risk Crypto Loans Surge To A 28-Month High of $55 Million! appeared first on Coinpedia Fintech News The Decentralized lending market has boomed significantly over the past few months. During this period, “high-risk” loans have surged to a 28-month high. This sparks a concern of a potential liquidation cascade amid rising volatility in the crypto market. Reportedly, the total amount of high-risk loans signifies that investors are currently within the 5% band …
Quant’s bullish sentiment is better now, but is there still need for caution?
The post Worldcoin (WLD) Unveils A New Layer-2 (L2) Network “World Chain”! appeared first on Coinpedia Fintech News Founded by Sam Altman, the Worldcoin is a “Proof-of-Humanity” project and is now rebranded as World. Reportedly, it has launched a Layer-2 blockchain built on Ethereum. The official statement which was released on 17th October stated that 15 million users who have verified their identity by scanning their iris from a “World ID” will now …
Dogecoin (DOGE) has gained significant traction lately, marking a 9% surge that elevated its price above the $0.13 threshold—its highest level since late July. This price spike is largely attributed
The post Meme Coins Lead the October Rally: PopCat, Floki, MEW Target 100% Potential Gains appeared first on Coinpedia Fintech News With Bitcoin price crossing above the $68,000 mark, the meme coins are spearheading the crypto bull market rally. PopCat, Mew, and Floki are leading the way, along with Dogecoin and Shiba Inu, among the top-performing meme coins. With their market caps leading to new swing highs, the broader meme coin segment has hit a 30-day …
Bitcoin (BTC) continued to rise as it edges to $68,000, with the world’s largest cryptocurrency up by 0.65% over the past 24 hours. The crypto market had a mixed day, with BTC, Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), and Litecoin (LTC) posting gains.
The crypto trading industry is approaching its peak, with the rumored bull run to hit at the beginning of 2025. However, even before that, the bulls started to show dominance under the influence of Uptober, whose result is clearly visible in many crypto investor’s portfolios. One such investor figured out the right trend, making $3.9M The post Crypto Investor Turned $86K Into $3.9M Within 6 Days But There’s More appeared first on CoinGape .