DeFI News by Thebittimes.Com

A widely followed analyst is suddenly turning bullish on the native token of the modular blockchain network. The analyst pseudonymously known as Pentoshi tells his 824,900 followers on the social media platform X that Celestia (TIA) may soar about 100% from its current value. According to the trader, TIA has kicked off its uptrend after taking out its resistance at around $7.00. “TIA update: accelerate (this week, hopefully, probably). Clear trend change. Clear invalidation if closes back within previous range.” Source: Pentoshi/X Looking at his chart, the analyst suggests that TIA may reclaim $11.74 as support and head toward $15.34. TIA is trading for $7.66 at time of writing. Next up, the analyst is identifying a doji bottom in Ethereum’s (ETH) Bitcoin pair (ETH/BTC) on the weekly chart. The doji candlestick pattern, which indicates a small trading range and a nearly equal opening and closing price for a financial asset, is used to identi...

Bitcoin bulls celebrated BTC’s push through a long term trendline resistance, but has anything actually changed? On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical Analysis . Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point-of-view for Bitcoin price? In reality, BTC price simply “consolidated” its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past 114 days. BTC/USDT. Source: TradingView Direction-wise, Bitcoin and Ether tend to trade in tandem with equities and BTC’s Oct. 4 rally to $20,365 comes as the Dow, S&P 500 and Nasdaq closed the day with 2% to 3% gains. BTC, ETH and S&...