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Many investors are currently viewing bitcoin through an end-of-cycle lens, suggesting that Q4 could mark the close of the current market cycle. However, two key metrics point to the possibility that the bull market may actually be in its early stages.Glassnode data shows that the 200-week moving average (200WMA), which smooths bitcoin’s price over a long-term horizon and has historically only trended upwards, has just breached $53,000. Meanwhile, the realized price, the average price at which all bitcoin in circulation last moved onchain, has just risen above the 200-WMA at $54,000.Looking back at previous cycles, we see a consistent pattern.…
Since its introduction in 2014, OP_RETURN was limited to a single output per transaction. This helped ensure that it was used sparingly and primarily for small proofs or certificates. In Bitcoin Core v30, this restriction has been removed. Transactions with multiple OP_RETURN outputs are now considered standard and will be relayed by default. This change significantly increases the amount of arbitrary data that can be carried in a single transaction. It also weakens the historical reasoning behind OP_RETURN as a small and controlled data outlet. My questions: Why was the one-per-transaction limit removed after being enforced for more than a…
The Highest Lowest MT4 Indicator is designed to automatically highlight the highest highs and lowest lows of a selected period. Instead of manually checking charts, traders can instantly see where price has reversed in the past. These levels often act as natural support and resistance zones, giving traders a clear idea of where the market could react again. By using it, they can save time and reduce the guesswork involved in technical analysis. Why This Indicator Matters Price highs and lows are some of the most reliable reference points in trading. When the market pushes to a new high, it…
Google confirmed an ongoing issue with serving search results in Google Search. This is impacting some locales, Google added. Google said this is an “ongoing issue” and will update us again “witin 24 hours” with more details. What Google said. Google wrote: There’s an ongoing data center issue that may impact serving of some pages in some locales. We’re working on identifying the root cause. The next update will be within 24 hours. When? This was posted at 5:21 pm ET. What is a serving issue. A serving issue is when Google Search has issues showing some or all search…
Key takeaways: Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown.Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand.Analysts see resistance near $130,000, with price discovery possible next week.Bitcoin (BTC) has staged a fierce rally over the past week, climbing 14% to trade a few dollars away from $124,000 from a range low near $108,600 last Friday. This surge could nudge Bitcoin into fresh price-discovery territory above $125,500, as the total crypto market cap pushed above $4.21 trillion, a mark that underscored the broad strength of this…
The Swiss economy printed another decline in inflation as expected, supporting expectations of further easing by the SNB. Headline CPI fell 0.2% month-on-month in September, following the previous 0.1% drop. Key Takeaways from the September Swiss CPI Headline figures disappoint: The Swiss CPI fell 0.2% month-over-month in September, with annual inflation holding at 0.2% compared to the same month last year Core inflation remains subdued: Core inflation (excluding fresh and seasonal products, energy, and fuel) registered just 0.7% year-over-year, while monthly core CPI declined 0.2%. Downward price pressures dominated: The monthly decline was driven by lower prices for supplementary accommodation…
This is just a programming note that I will be 100% offline starting Wednesday night (October 1st) through Thursday night (October 2nd) for Yom Kippur. I am not scheduling any stories on Yom Kippur; nothing will be posted. I apologize for any spammy comments that slip through while should note while I am offline, I will do my best to catch up late Thursday after nightfall. If there are any Google algorithm updates or big news that I miss, I will catch up on them in the coming days. Thank you all for reading, commenting, and sharing every day -…
For a couple of months now Bitcoin has been showing record low volatility and the lack of momentum leaves crypto traders in tension, waiting for signs of a new rapid movement of the first cryptocurrency. The overall hype around Bitcoin has gone down, but what if the current uncertainty results in a strong upward trend? Or will the crypto price fall? Currently Bitcoin is traded at $9 300, but sooner or later a flat dynamic might turn into a trend or the opposite. Read the full article for a technical analysis of Bitcoin and make up your mind about it.…
According to social posts and on-chain trackers, XRP appears poised for a sharp move that could leave little time for slow decisions. Trader Altcoin Gordon cautioned that XRP’s upcoming move might unfold quickly and with force, telling traders to be ready before it takes off. Related Reading Price has been stuck below $3 for weeks, and September produced no clear upward momentum, leaving traders on edge as regulators and markets add to uncertainty. Trader Warning Spurs Urgency Short-term charts show XRP compressing after a slide that began in July when the token crossed $3.60. Based on reports, Gordon’s shared chart…
As highlighted in last week’s analysis, bitcoin had a big drop last Sunday night, down to $111,800. The price then bounced back to retest the $113,800 resistance level and the 21-day EMA at $114,000, but was rejected there, falling back down to the $111,300 support level. This level produced another bounce for the bulls back to the 21-day EMA, but was denied access again above the $113,800 resistance level, dumping down just below the weekly support at $109,500 on Thursday. Price rallied from that Thursday low to close the week out at $112,225. Key Support and Resistance Levels Now Since…