“TRX Tron Skyrockets 7% in a Day, Outshines Bitcoin’s Dismal Sub-$27K Performance: Market Analysis”
After failing to decisively overcome $27,000 during the weekend, BTC slipped by almost $500 earlier today to chart a new multi-day low. The altcoins are also in the red today, with XRP, MATIC, SOL, LTC, and others losing over 2% of value. BTC Slips Below $27K Bitcoin tried to take down $27,500 on two occasions […]
“Expect a 7% Bitcoin Price Surge Next Week as Key Support Faces Demand Pressure: Act Now!”
Bitcoin experienced a significant breakdown attempt on May 12th, as it attempted to move past the monthly support of $27,000-$26,786. Despite these challenges, buyers managed to counteract the selling pressure by pushing up the prices with a long tail formation. This rejection candle demonstrates that buyers are still defending this support, which increases the possibility […]
US Oil Futures Make a Comeback, Soaring High Despite Last Week’s 7% Plunge
US oil futures experienced a boost on Monday, growing by almost 3% in value. Part of the reason for this growth is the bullish US jobs data, which came in better than expected on Friday. Another reason is that the speculated imminence of a recession is driving crude prices. West Texas Intermediate crude increased by […]
US Oil Futures Rise for the Day, Yet Suffer Stunning 7% Weekly Loss
US oil futures saw an increase on Friday but still experienced a significant loss of over 7% for the week overall. Analysts are speculating whether the rise of oil prices on Friday is a result of short-covering, actual buying in hopes that prices have reached their low point, or if it might be due to […]