Bitcoin price attempted an upside break above the $38,800 and $39,000 resistance levels. The bears even pushed the price below the $38,000 level and there was a close below the 100 hourly simple moving average. A low is formed near $37,507 and the price is now correcting losses. The trend line is near the 50% […]
At the time of writing, Bitcoin is one of the best-performing assets in this ranking only surpassed by Binance Coin , according to data from Coingecko. These losses seem small when compared to other cryptocurrencies in the top 100 by market cap. While Bitcoin and larger cryptocurrencies have been showing a correlation with a 16% […]
Bitcoin bulls continue to be demoralized, as the price per coin grinds continuously at lows for what feels like an infinite amount of time. While such returns aren’t likely a second time, such oversold conditions could yield some significant, unexpected upside. The Stochastic oscillator is a a range-bound momentum indicator that uses support and resistance […]
More so, profit-taking may have some impact on why Bitcoin is straining to breach the $40,000 mark. Santiment, a cryptocurrency data feed for investors, has tracked an increase in BTC in-profit transactions. Additionally, Bitcoin has also suffered a massive drop on Sunday yet has recovered the following day. As the crypto’s relative strength index hits […]
There was a clear move above the 23.6% Fib retracement level of the key drop from the $40,350 swing high to $37,400 low. However, bitcoin price struggled to gain strength above the $39,000 level. Besides, there is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair. A […]
There was also a break above a key bearish trend line with resistance near $38,000 on the hourly chart of the BTC/USD pair. Bitcoin price even climbed above the 23.6% Fib retracement level of the key decline from the $40,349 swing high to $37,399 low. The 50% Fib retracement level of the key decline from […]
Crypto analysts predicted that the price of Bitcoin would reach $100,000 by 2021. Many technical analysis metrics suggest that it is more likely that the price will go down further than it will recover to the $40,000 to $45,000 range. As per the projection, Bitcoin marked its highest of the last cycle by reaching $68,789 […]
Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin. The BTC/USD pair is trading above $40,000 while ETH/USD has gained ground close to the $3,000 resistance level. The S&P 500 is up 2.3%, the Dow Jones Industrial Average is higher by […]
This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. It is the first secured lending facility of its kind which will lend out cash that is collateralized by BTC. Nevertheless, various institutions have taken to providing services that revolve around cryptos such as asset and wealth […]
Price action follows the predicted path so perfectly, that when layering Bitcoin directly over the comparison, there is little room for doubt about what comes next for crypto. When things are bearish, the rollercoaster ride turns scary and many get ejected along the way. Markets might seem like an unpredictable rollercoaster at times, but on […]
The thing is that the recent downtrend has set it on a bearish path and with the market halfway to the next halving, it could very well be that the market is headed into another stretched-out bear. It is a helpful tool that aggregates data across a number of metrics and then delivers on a […]
Bitcoin price remained in a bearish zone after it broke the $39,200 support. There was a move above the 23.6% Fib retracement level of the key decline from the $42,950 swing high to $38,200 low. Besides, there was a break above a major bearish trend line with resistance near $39,550 on the hourly chart of […]
Bitcoin had a bearish weekly close, as the price dipped further below $40,000. In addition, the experts expect BTC’s price to continue its multi-decade long rally to $179,000 by 2025 and over $400,000 by 2030. As noted by Find, the panel changed their short-term views for BTC’s price. In that sense, Bitcoin could stay stuck […]
Bitcoin price settled below the $40,500 level to move into a bearish zone. There is also a key bearish trend line forming with resistance near $39,500 on the hourly chart of the BTC/USD pair. To start a strong upward move, the price must settle above the $40,500 zone and the 100 hourly simple moving average. […]
Bitcoin was trading at $39,510 late Friday, down 4%, based on charts by Coingecko, which signals dangerous waters in trading. Four percent might be too small to matter but it does to Bitcoin and all other cryptocurrencies. On a more positive note, technical indicators have shown that Bitcoin is meant to be more stable at […]
It was just a few days ago that the leading cryptocurrency hit a high of about $43,000, its highest level in over 10 days. BTC, on the other hand, was roundly rejected at its local peak and quickly reversed course. Bears are expected to aim for the $38,536 swing low from Monday, which is a […]
Bitcoin remains rangebound in the high $30,000 to low $40,000 areas. Federal Reserve hinting at an aggressive monetary policy, there are expectations of Bitcoin and Ethereum revisiting critical support at $30,000 and $2,500, respectively. In the options markets, traders are preparing for a potential drop as QCP Capital records a “massive selling of May and […]
If this is what could still be ahead, then why exactly is sentiment so bearish? For one, bearish sentiment is often the driver of a wave five. Sentiment is so bearish because it has taken almost twice as long to go exactly nowhere. The intra-cycle peaks on the RSI as the wave three top puts […]
The main benefit of an MA is that it evens out any local price fluctuations, and displays the trend as a smoother curve. The below chart shows the trend in the 200-day and 600-day Bitcoin MAs over the past several years. After staying some time in the region, the MAs crossed over each other and […]
It even moved above $42,500 and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $41,250 on the hourly chart of the BTC/USD pair. There was a break below the 50% Fib retracement level of the upward move from the $38,750 swing low to […]