Analysis | Crypto Profit Bot

These 3 cryptocurrencies are taking an even bigger hit during Bitcoin’s price slump

January 10, 2022

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The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10. BTC/USD weekly price chart. Source: TradingView Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its […]

Will this time be different? Bitcoin eyes drop to $35K as BTC price paints ‘death cross’

January 8, 2022

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Bitcoin (BTC) formed a trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further losses. In detail, the cryptocurrency’s 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as Bitcoin underwent a rough […]

Here are the most predictable tokens of 2021 — For those who knew where to look

January 7, 2022

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Digital assets’ past performance is never a guarantee of future price movement. There are never two identical situations in the crypto market, so even historically similar patterns of a token’s behavior can be followed by starkly different price action charts. Still, crypto assets’ individual history of price action often rhymes, giving those who can ready […]

3 reasons why Ethereum can reach $5,000 in Q1

January 4, 2022

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Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as several widely-tracked technical, macroeconomic, and on-chain indicators suggest. One of these […]

Beware of sophisticated scams and rug pulls, as thugs target crypto users

December 24, 2021

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This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the holidays around the corner, financial services provider MagnifyMoney also found that nearly two-thirds of […]

‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week

November 1, 2021

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Bitcoin (BTC) sees a volatile start to a new week and a new month after its first-ever monthly close above $60,000 — what’s next? After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC price […]

Analysts say $46,500 is the key level for Bitcoin to flip to support

August 16, 2021

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The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and TradingView shows that after touching the $48,000 price level during the early morning trading hours […]

Wen Dogecoin moon? On-chain data and trading volumes suggest soon

August 16, 2021

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The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors including decentralized finance (DeFi), nonfungible tokens (NFTs), memecoins and layer-two solutions have seen their total value locked and token prices skyrocket to new highs. One of the biggest success stories of the year was Dogecoin (DOGE), a simple “joke” cryptocurrency […]

NFT art galleries: Future of digital artwork or another crypto fad?

June 20, 2021

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As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 different […]

Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

May 31, 2021

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On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. 33711 Total views 8 Total shares Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, […]

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Category: Analysis