Price Analysis - Optimisus

6 months ago 2 mins read

Is Bitcoin (BTC) gearing up for an October price rally?

As September comes to a close, the crypto market leader, Bitcoin (BTC), may stage a mini rally, as October has historically been a good month for the largest cryptocurrency by market cap. At the time of writing, BTC is trading below the $20k resistance level, at around $19,4436, after a 3.82% increase in price over the previous 24 hours, according to CoinMarketCap. According to the monthly chart of BTC/USDT, BTC’s price performed poorly in September. As the month comes to a close, BTC has dropped 3.17%. Furthermore, the chart reveals a pattern in the monthly price movements of BTC. Historically,

8 months ago 1 min read

BTC Market Analysis: July 25th, 2022

After several weeks of the market downturn, $BTC has just climbed from lows of $19,000 to highs of $24,000, providing some much-needed relief. The price of Bitcoin is at $21,857 at the time of writing, and I will forecast its next move using technical analysis and some fundamentals. According to the chart, the price of bitcoin will continue to trade in a zigzag pattern in this falling wedge until it reaches the $20,000–21,000 support area. At that point, a strong surge will break the wedge and cause it to rise to roughly the $26,000 region. However, depending on the volatility

8 months ago 2 mins read

Cardano Vasil Hard Fork Analysis

Cardano is the 8th largest cryptocurrency in the world according to Coinmarketcap with a $15.4 billion market cap at the time of asking. It is set up to rival major blockchains like Ethereum and BNB Chain in the coming years. There is an important update coming for the Cardano blockchain also considered to be the most important update in its history, which is expected to have a significant positive impact on the price. Coupled with the current bearish cryptocurrency market, $ADA, the native token of the Cardano ecosystem has dropped more than the major coins and has been in a

8 months ago 1 min read

Ethereum (ETH) Market Analysis: July 25th 2022

Ethereum has moved up the chart significantly in the past weeks, even more than bitcoin and most Altcoins. At the writing time, $ETH is trading at $1,536 after dropping from $1,660 in the past few hours. According to the above chart, $ETH has been in a range since July 18th, 2022, and is expected to remain there until the merge takes place or just before it does. The merger could provide the motivation needed for the price of Ethereum to move out of its trading range. The chart above shows that the range is $1500 to $1600. An upward break

9 months ago 2 mins read

Bitcoin Weekly Price Prediction – May 30, 2022

On the BTC chart, we witnessed the market continue to fall in price and test a long-term support that has been in effect since January 2021. The support region’s price range is about $28,000–$29,00, and the market has been trading in a range for the past few days. The next direction the market will go will be determined by a breakout from this range. BULLISH SCENARIO According to the bullish point of view, the market will respect the support zone and go upwards from there in the coming weeks, as seen in the chart below. A closer examination of the

10 months ago 5 mins read

TRON Price Forecast: Will TRX Reach $0.4 Soon?

This post on TRON (TRX) Price Prediction is solely based on technical analysis. The cryptocurrency sector is still expanding. To stay competitive, several crypto projects strive to develop their technologies. TRON is also still one of the most active protocols in the crypto world. More so, TRON has created significant connections and projects in the crypto industry in recent months. For instance, Alchemy Pay partnered with TRON a few months ago to allow TRX payments. According to reports, TRON is committed to creating a decentralized and borderless internet. Therefore, TRX users may easily access the network’s applications, material, and media