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The Bitcoin price rose 1.8% in the last 24 hours to trade at $97,527 as of 02:42 a.m. EST on trading volume that plunged 35% to $48.3 billion. This slight uptick in the BTC price comes as attention turns to the upcoming US inflation data, likely influencing the inflation trajectory and Fed rate cuts. Yesterday, the PPI data rose 3.3%, below economists’ expectations of a 3.5% increase. Meanwhile, CPI is expected to show inflation ticking higher to 2.9%, further from the Fed’s 2% target. Hot inflation would dampen Fed rate-cut expectations, which could result in the Bitcoin price coming under pressure again. Bitcoin Price Showing Signs Of A Bullish Rally The BTC price Analysis on the daily chart shows an uptrend with clear consolidation near the $97,000 level.  Price action has recently retreated from the $100,000 psychological resistance, forming a rectangular consolidation pattern, according to GeckoTerminal data . This indicates indecision in the market, with bu...

The CoW Protocol price surged 67% in the last week and 10% in the last 24 hours to trade at $1.138 as of 9:21 p.m. EST on trading volume that soared 35% to $187 million, according to CoinGecko. CoW Protocol Price On A Sustained Bullish Rally The CoW Protocol price Analysis on the 4-hour chart demonstrates a strong bullish trajectory in recent price action. The price of CoW Protocol successfully formed a rounding bottom pattern after a prolonged consolidation phase characterized by sideways movement around the $0.7 support zone. This classic bullish reversal pattern suggests continuing the upward trend once the breakout occurs. The breakout above $0.9, which coincides with the rounding bottom’s neckline, confirmed the pattern and led to a sharp rally towards $1.23, marking the current local high. The support at $0.7 (highlighted by the red zone) acted as a critical demand area, as evident from multiple rebounds off this level. Moreover, the 50-day Simple Moving Average (SMA)...

The Bitcoin price surged almost 5% in the last 24 hours to trade at $70,851 as of 00:16 a.m. EST on trading volume that skyrocketed 149% to $45.7 billion. This comes as fund management giant VanEck Bitcoin says Bitcoin will become a reserve asset held by central banks and used in global trade, helping its price surge to $3 million by 2050. That would meant BTC appreciating by an average 16% annually over the next 26 years. BREAKING: VanEck predicts #Bitcoin will be used in global trade and become a reserve asset worth $3 million by 2050. VanEck also projects central banks making a 2% allocation to $BTC 16% year on year growth for 26 years.🤑 pic.twitter.com/g7uBJ6nwQu — Radar🚨 (@RadarHits) October 28, 2024 Bitcoin Price Aims At Sustaining The Bullish Stance The Bitcoin price has been in a bullish rally since August, as the bulls capitalized on the $53,760 support to propel the token towards a bullish rising channel pattern, according to data from GeckoT...

The Simon’s Cat price dropped 14% in the last 24 hours to trade at $0.00002416 as of 06:00 a.m. EST on trading volume that dropped 6% to $100 million. Simon’s Cat Price Aims For A Continued Surge Since its launch, Simon’s Cat has been on an uptrend, trading within the rising channel pattern, according to data from GeckoTerminal . CAT’s price aims for a continued bullish rally, as the token now surpasses the lower boundary of the rising channel. The Relative Strength Index (RSI) is currently on a rebound from the 50-midline level, as it hurtles towards the overbought region, currently at 56. The soaring RSI is an indication that CAT is under intense buying pressure. As the RSI rebounds, the buying pressure may intensify, which may in turn exert pressure on the price of Simon’s Cat. In this scenario, CAT could soar above the rising channel as the bulls target $0.0000350. CATUSD Chart Analysis Source: GeckoTerminal.com However, if the bears tak...

Bitcoin (BTC) is aiming to reclaim the psychological level of $60,000 amid a short-term correction, with Analysis suggesting that technical indicators point to the cryptocurrency being poised for a new record high. In particular, in an X post on August 12, the analyst by the pseudonym TheMoonCarl stated that Bitcoin is facing key resistance, which, if breached, could lead to the cryptocurrency reaching $125,000. The prediction is based on forming a “cup and handle” pattern. TheMoonCarl showcased Bitcoin’s price movement from 2021 to the present day, highlighting the formation of the cup portion, which began after the asset’s decline in late 2021. Picks for you AI predicts Gold price following CPI data release 1 hour ago ...