Obwohl für Bitcoin noch immer „beträchtliche Gefahr“ lauert, kann der Krypto-Marktführer seinen Höhenflug aus dem Januar fortsetzen und mit einem neuen Jahreshoch veredeln.
Chainlink price analysis: LINK still looks primed for a 20%+ upswing
- Chainlink (LINK) price outlook suggests bulls will eye $8.00 and then $9.50 if upside momentum holds.
- The cryptocurrency has been in accumulation for more than 300 days.
- A 20% breakout to the suggested highs last reached in November is possible for LINK/USD.
Chainlink (LINK) is changing hands around $7.40, up 7.3% at the time of writing.
It’s not a huge breakout for the 23rd ranked altcoin (by market cap), particularly given the mega swings seen today with Bitcoin hitting multi-month highs above $25,000 and Ethereum testing bearish resolve above $1,700 on Thursday.
LINK price – the bullish case
While the LINK price is facing rejection around $7.50 amid potential slowdown for bulls, a technical outlook for the oracle network’s native token suggests a run to $8 can still happen.
According to crypto analyst Ali, LINK could swing to the upper trendline of a rising channel as the coin has tended to bounce after reaching the support line. Note that this outlook is from a few days when Chainlink price rebounded from the parallel channel’s lower trendline to test resistance around $7.50.
Per the prediction Ali recently shared, LINK might continue with the pattern, which is key after today’s price action saw bulls test the aforementioned supply wall.
#Chainlink eyes $8!$LINK bounced off the lower boundary of the parallel channel noticed on its 4-hour. Now, #LINK could be aiming for the upper edge of this technical formation. https://t.co/mjcyaaV5I4 pic.twitter.com/MtqvKozVOO
— Ali (@ali_charts) February 7, 2023
Another analyst, Inmortal, points to the fact that Chainlink has been in consolidation for more than 300 days. The accumulation could end with a violent breakout.
Still like $LINK here.
+300 days accumulation could end soon with a violent move. pic.twitter.com/Ll4x9MebM6
— Inmortal (@inmortalcrypto) February 16, 2023
Looking at the Chainlink price chart, a rally above $8.00 could open up a 22% upside path for LINK/USD to target the $9.50 reached on 8 November 2022.
LINK price – the bearish scenario
As tailwinds could wane amid broader market slowdown, the ascending middle line currently provides the main resistance area.
A sell-off triggered by wider market uncertainty means bears can still target $6.75 and $6.00 remains a crucial buffer zone.
The post Chainlink price analysis: LINK still looks primed for a 20%+ upswing appeared first on CoinJournal.
Kein Handy, kein Internet – Hausarrest von SBF soll stärker eingeschränkt werden
Weil Sam Bankman-Fried bisher noch ziemlich frei alle elektronischen Geräte nutzen kann, fordert die Staatsanwaltschaft nun stärkere Einschränkungen.
Bitcoin briefly touches $25.2k amid major bullish signal
- Bitcoin reached highs of $25,230 across major exchanges, its highest price level in over six months.
- BTC price moved above its 200-week moving average’
- Analysts say bulls could target fresh gains as a bullish signal flashes.
Bitcoin broke above $25,000 as the momentum that pushed the flagship cryptocurrency higher on Wednesday continued into Thursday.
At around 11:15 am ET, the price of Bitcoin against the US dollar was up 10.7%, with BTC trading at $25,093 after briefly touching highs of $25,230 across major exchanges. Despite shedding some of the gains, BTC looks poised for further upside action should bulls successfully retest and hold prices above the critical $25,100 level.
Bitcoin price update: bulls eye new 2023 high
Today’s rally comes on the back of decent gains though, and crypto analyst Mohit Sorout earlier pointed to what he calls “the mother of all bullish signals.” Just before BTC hit the new year-to-date highs, the analyst wrote:
“The mother of all $btc bullish signals has flashed – DCA indicator. Historically, it has flashed only thrice in btc’s existence & each occurence led to massive rallies of 7400% (2015), 160% (2019) [and] 640% (2020). Today marks the 4th time this signal is suggesting a raging bullmarket.”
The mother of all $btc bullish signals has flashed – DCA indicator
Historically, it has flashed only thrice in btc’s existence & each occurence led to massive rallies of
7400% (2015)
160% (2019)
640% (2020)Today marks the 4th time this signal is suggesting a raging bullmarket pic.twitter.com/suMVlWFrzc
— Mohit Sorout 📈 (@singhsoro) February 16, 2023
PlanB, the creator of the stock-to-flow price model, shared the chart below showing Bitcoin’s rally on Thursday came as BTC price broke above the 200-week moving average.
What could happen next for Bitcoin? Well, a retreat to support above $24k or lower to $22.5k is possible before a slow grind pushes it up again. But according to pseudonymous analyst Moustache, $28k is very much achievable.
#Bitcoin (W)
As long as $BTC holds the 0.236 line🔴, things look good.
I expect a GOD-Candle to ~$28.000, IF $BTC breaks the black line.
There is nothing but air, between 24k-28k.That would hurt most bears out there tbh.🎯 pic.twitter.com/4TKqqNv7FC
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) February 15, 2023
BTC spike sees $230 million in liquidations
Bitcoin’s gains pushed its market capitalization to $526 billion, while a 7.9% jump in the total crypto market cap had the top altcoin Ethereum trading above $1,730 with double digit gains. Among the top ten cryptocurrencies, Polygon and OKB were also up more than 10%.
As prices rallied, traders who’d bet on broader declines were caught unawares, with over $230 in shorts liquidated. Liquidation data showed Bitcoin-tracked futures led with over $99.6 million in liquidations while Ethereum saw more than $64 million in liquidations in 24 hours.
The post Bitcoin briefly touches $25.2k amid major bullish signal appeared first on CoinJournal.
El Salvador will „Bitcoin-Botschaft“ in den USA eröffnen
Nach einer ersten Bitcoin-Botschaft in der Schweiz will El Salvador nun im US-Bundesstaat Texas eine zweite derartige Institution eröffnen.