Analysis Crypto by Thebittimes.Com

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed analyst and trader is leaning bullish on a large-cap altcoin amid a broader crypto market rally. The analyst pseudonymously known as Pentoshi tells his 809,700 followers on the social media platform X that Solana (SOL) is in the “all-time high waiting room.” On the weekly time frame, Pentoshi shares a chart suggesting that Solana has formed a double-bottom pattern, a technical Analysis structure that’s typically considered bullish as buyers step in to keep an asset from printing new lows. Source: Pentoshi/X According to the widely followed analyst, Solana is on the cusp of taking out its resistance at around $204, which has kept SOL bearish since 2022. “While there could be some short-term resistance ahead, I don’t expect to last too long. Structurally this looks great, and in my opinion, dips are for buying. It should be challenging all-time highs this month.” The analyst also says his long-term target for Solana is...

Bitcoin trades sideways at the Wall Street open as all eyes are on the Fed and Chair Jerome Powell. Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as Markets looked to the day’s key macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $23,500 becomes level to beat for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a narrow corridor around $23,000. An upcoming interest rate hike and commentary from the United States Federal Reserve preoccupied traders across risk assets, this potentially sparking fresh volatility in line with previous months. Fed Chair Jerome Powell was due to speak at 2.30pm Eastern Time on the day. On the Binance order book, resistance shifted higher on the day, broadening price targets in the event of a catalyst moving the market. On-chain analytics resource Material Indicators noted that “an entire ladder of BTC ask liquidity was removed fro...

Join Our Telegram channel to stay up to date on breaking news coverage In the twenty-first century, blockchain is the only practical route to privacy and censorship resistance Privacy and censorship resistance are not the same things, but they are closely related. When the government or another organization, like an advertiser, has complete access to your activities, they can punish you for misbehavior. It might be time to move quickly to ensure that seismic cracks in Web2 aren’t repeated in Web3. This would be preferable to going backwards and trying to patch up Web2 flaws with duct tape. The so-called internet of the future might actually safeguard our private information and stop zealous or oppressive censorship by taking proactive measures before these problems get out of control. Encryption is used to send the message Suppressing open communication and free speech in nations battling for civil liberties and human rights makes it harder to overthrow repressive gover...