Cats-in-mechs shooter Nyan Heroes will bring its servers back online next week as the second play-to-airdrop season kicks off.
read more
Bitcoin Surges to All-Time Highs in Asia and South America, Nears US Dollar Peak
Bitcoin reached all-time highs in various Asian and South American countries after a 7% surge, bringing it closer to its peak in U.S. dollars. On May 21, Bitcoin’s price hit an intraday and six-week high of $71,650, up over 7% in 24 hours. According to CoinGecko, Bitcoin is now just 3.4% below its March 14 all-time high of $73,738 in U.S. dollar terms. However, Bitcoin reached new peaks against several other fiat currencies. In Japan, Bitcoin hit an all-time high of 11.2 million yen on May 21, marking the first time it surpassed 11 million yen. The yen has weakened
read more
Bitcoin Dips but Holds Strong: Bullish Momentum Intact
Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below $68,800. Bitcoin Price Corrects Gains Bitcoin price gained pace for a move above the $70,000 level. BTC even spiked above $71,200 before the bears appeared near $72,000. A new weekly high was formed at $71,896 and the price recently started a downside correction. The price declined below the $71,000 level and the 23.6% Fib retracement level of the upward wave from the $66,047 swing low to the $71,896 high. However, the bulls are active above the $68,800 support zone. Bitcoin also trades above $69,000 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair. The price is now facing resistance near the $70,500 level. The first major resistance could be $71,200. The next key resistance could be $71,850. A clear move above the $71,850 resistance might send the price higher. In the stated case, the price could rise and test the $72,500 resistance. If the bulls push the price further higher, there could be a move toward the $73,200 resistance zone. Any more gains might send BTC toward the $74,500 resistance. Are Dips Supported In BTC? If Bitcoin fails to climb above the $71,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $69,200 level and the trend line. The first major support is $69,000. The main support is now forming near $68,800 or the 50% Fib retracement level of the upward wave from the $66,047 swing low to the $71,896 high. Any more losses might send the price toward the $67,300 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $69,200, followed by $68,800. Major Resistance Levels – $70,500, $71,200, and $71,800.
read more
Perennial Bitcoin Accumulators Bought Big Ahead Of Rally, Data Shows
On-chain data shows that Bitcoin addresses with zero sales histories participated in a big accumulation before this recovery run started. Bitcoin Inflows To Accumulation Addresses Sharply Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, the accumulation addresses on the Bitcoin network have shown some significant inflow activity recently. The “accumulation addresses”
read more