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Although Bitcoin (BTC) initially saw sideways price action during the weekend, it mounted a notable move to the upside late on Sunday.  While disparate narratives abound online, a closer look at the actions of long-term Bitcoin holders can provide additional insight into market dynamics. First, let’s dig a little deeper into that recent move. As of press time on March 24, BTC was changing hands at a price of $87,420. The price of Bitcoin has increased by 3.67% over the past 24 hours, bringing year-to-date (YTD) losses down to 6.38%. Picks for you Trump's Truth Social post triggers $200k loss for crypto trader in an hour 26 mins ago Giza Tech hits $1 million in autonomous capital  2 hours ago ...

A widely followed analyst is leaning bullish on a memecoin built in the Solana (SOL) ecosystem but with reservations. The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that the dogwifhat (WIF) memecoin is “quickly approaching attractive levels” for a position that can potentially be held till the end of the current cycle. “The region between $0.20 – $0.50 is a place where I would actually consider blind bidding/buying spot for a longer term hold IF I believed that WIF will one day make a comeback. At these levels, the risk/reward is justified for spot buys in my opinion because the upside to prior highs would be, at minimum, a 10x and the downside is relatively limited from this region (unless it simply dies).” The pseudonymous analyst, however, says that he has reservations about WIF due to the prevailing negative sentiment surrounding Solana amid the controversies involving high-prof...

A top-50 altcoin by market cap is on the verge of rallying, according to a closely followed trader and analyst. The analyst pseudonymously known as Bluntz tells his 276,000 followers on the social media platform X that the Ethereum-based memecoin Pepe (PEPE) is forming an ascending triangle pattern on the eight-hour time frame. Source: Bluntz/X The pseudonymous analyst further says that PEPE has turned previous resistance levels to support on its journey upwards. “Looks like Pepe has been lagging a bit but with other memecoins perking up over the last 48 hours I think it probably won&#https://cdn.thebittimes.com/images/2024/09/27/e9322f9e4bad0b8194bf252723bff2b3.webp7;t for too much longer.” Based on the pseudonymous analyst’s eight-hour chart, it appears that he is suggesting that Pepe could go up by around 15% from the current level. Source: Bluntz/X Pepe is trading at $0.00000908 at time of writing, up by around 937% from the February low of $0....