Cardano`s price has surged, potentially reaching $4 soon. Analysts predict strong growth in the altcoin market by 2025. Continue Reading: Cardano’s Price Surge Sparks Excitement: Can ADA Reach $4? The post Cardano’s Price Surge Sparks Excitement: Can ADA Reach $4? appeared first on COINTURK NEWS .
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Analyst Identifies Bitcoin Key Support Levels Amid Rebound Challenge – Details
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market. Related Reading: Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price? Strong Bitcoin Support Zone Emerges Between $95,090-$96,531 In an X post on January 4, digital asset analysis platform More Crypto Online shared an insight on the present state of the Bitcoin market. With the application of the Elliott Wave Theory, these analysts deduced that Bitcoin’s price may have developed a potential 5-wave pattern which can be indicative of a bullish movement. For context, the Elliott Wave Theory works on the basis that financial markets move in predictable patterns due to investor psychology and natural market rhythms. The 5-wave pattern also known as the impulsive wave pattern generally moves in the direction of the larger trend. With Bitcoin still in a bullish shape despite recent corrections, the completion of the 5-wave pattern to the upward direction indicates a strong price rally i.e. BTC is out of correction with a focus on new highs. However, in order to solidify this notion of impending new all-time highs, Bitcoin must break above the December 26th price peak of $99,900 which represents a major resistance level. In the advent of any rejections/retracements amidst this bullish charge, the crypto analysts at More Crypto Online have pinpointed a significant support zone between $95,090 – $96,531 capable of acting as a cushion for retest. Albeit, if there is an overwhelming selling pressure, Bitcoin could slide as low as $92,950 representing a potential 5.5% fall from its current market price. Related Reading: Dogecoin Weekly RSI Approaches The MA Line, Can Price Resume Uptrend To Break $0.74 ATH? BTC Price Overview At the time of writing, Bitcoin is trading at $97,227 reflecting a 0.21% gain in the past 24 hours. Meanwhile, the asset’s daily trading volume has dipped by 17.25% and is valued at $30.03 billion. Bitcoin has also risen 3.57% over the past week but remains down 3.79% for the month. The premier cryptocurrency remains one of the best-performing coins in the last year having a profit of 121.32% in this timeframe. According to data from Coincodex, sentiments in the BTC remain bullish with the Fear & Greed Index now at 73 reflecting an “almost” extreme greed among investors. With the crypto bull market set to take off with the potential of a pro-crypto US government on the horizon, the analysts at Coincodex predict Bitcoin to reach $132,775 in the first quarter of 2025, and rise as high as $172,192 by June. Featured image from Finbold, chart from Tradingview CoinTurk News
CoinDCX Users Slam Exchange Over Withdrawal Restrictions and Delayed Support
The post CoinDCX Users Slam Exchange Over Withdrawal Restrictions and Delayed Support appeared first on Coinpedia Fintech News Indian cryptocurrency exchange CoinDCX is facing criticism on social media due to restrictions on crypto withdrawals. Many users have reported issues such as failed INR withdrawals and delays in resolving their support tickets, with some claiming their withdrawal requests have been pending for weeks. This has led to growing frustration among users. The confusion surrounding CoinDCX’s withdrawal policies has raised questions about the platform’s Know Your Customer (KYC) procedures. Users are concerned about inconsistent rules, with some speculating that the sudden changes to withdrawal processes could indicate potential issues with the exchange’s regulatory compliance. As the complaints continue to mount, CoinDCX faces increasing scrutiny over its handling of user funds and policies. As reported by Analytical Insights, CoinDCX co-founder Sumit Gupta addressed the ongoing withdrawal issues, explaining that relaxing withdrawal restrictions could pose a risk to the exchange, as authorities might freeze bank accounts. Gupta clarified that crypto withdrawals on CoinDCX currently operate on an opt-in basis, with the process being carried out in stages. However, he did not provide a specific timeline for when these withdrawals would be fully available to all users. WazirX Scare Looms On July 18, a devastating hack on WazirX, India’s largest cryptocurrency exchange, resulted in the theft of $230 million, affecting 15 million users. Despite the platform’s strong security measures, cybercriminals breached one of its main trading wallets, siphoning off over 50% of the exchange’s assets, which amounted to more than $230 million. The stolen funds have led to significant financial loss for investors, with the stolen assets laundered and uncertainties surrounding the legal and financial repercussions. As a response to the breach, WazirX froze all trading and withdrawals, a measure that remains in effect as the company continues to investigate and recover from the hack. CoinTurk News