Analysis News TheBitTimes.com

The Bitcoin price fell 2% in the last 24 hours to trade at $67,431 as of 03:27 a.m. EST on trading volume that surged 44% to $37.8 billion. This comes as Bitcoiners slam MicroStrategy co-founder Michael Saylor over comments that recommend Bitcoin custodianship through “too big to fail” financial institutions, a shift from his earlier stance in support of self-custody. In an October 21 interview with financial markets reporter Madison Reidy, Saylor suggested that Bitcoiners have nothing to lose by transferring their BTC to institutions. An investor who thinks that state-sanctioned Bitcoin seizure is possible is a “paranoid crypto anarchist,” he said. Bitcoin Price Indicators Still Support A Bullish Rally The Bitcoin price has been in a consolidation phase since August, as the bulls have continuously struggled to push BTC above the $65,400 resistance, according to data from GeckoTerminal . BTC recently broke out of the sideways pattern, with the token aiming...

The DeepBook Protocol price has soared 45% in the last 24 hours to trade at $0.0834 as of 3 a.m. EST on a 27%  surge in trading volume to $124 million. DeepBook Protocol Price Indicates An Upcoming Bullish Rally The DeepBook price chart on the 30-minute timeframe reveals a strong upward price movement followed by a period of consolidation. Initially, the price surged from around $0.0556, indicating a sharp bullish move, which likely attracted significant interest from traders. This upward momentum led to the formation of a bullish pennant pattern, a continuation formation that suggests the potential for further upward movement after the consolidation period. The price is fluctuating within this narrowing triangle, with the resistance near $0.090000 and the support at approximately $0.08000. DEEPUSDT Analysis Source: Tradingview As the price approaches the apex of this pennant, it is primed for a breakout. If the price breaks above the resistance level of $0.090000, t...

The SPX6900 price surged 6,289% in the last month and 15% in the past 24 hours to trade at $0.5516 as of 03:26 a.m. EST on trading volume that rose 12% to $65 million. SPX6900 Price Could Continue Soaring The SPX6900 price has been on a sustained bullish rally in October after the bulls picked up momentum around the $0.01 support, which resulted in the price soaring through a parabolic curve, according to data from GeckoTerminal . The SPX price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the strong bullish stance to the upside. The Relative Strength Index (RSI) is at 76.73, which is above the overbought threshold of 70. This suggests the asset is in overbought territory, meaning it might be overextended and due for a pullback or consolidation. However, in strong bullish trends, overbought conditions can persist for some time, so it’s not an immediate sell signal, but caution is advised. The MACD line (blue) is at 0.0083, while the si...