Due to a widespread recovery in risk assets, Bitcoin and its altcoin counterparts have recovered all the losses they have incurred in March. From the March lows of $3,700, in fact, Bitcoin is up by over 150%.Yet with BTC finally stalling in the $9,000s, analysts see a confluence of tell-tale signs that a further bearish…
The past few days have seen Bitcoin stagnate into a tight range between $9,300 and $9,500. This is part of a wider two-month consolidation that has seen BTC’s price action tighten under the crucial $10,000 resistance.The cryptocurrency market has been so “boring” that as NewsBTC reported previously, volatility is heading towards lows not seen since…
Despite Bitcoin bouncing at $9,000, analysts remain bearish on the leading cryptocurrency as the asset fails to recover crucial support levels.Related Reading: Last Time Bitcoin Saw This Structure, It Surged 40%. It’s About to Happen AgainBitcoin Prints Series of Bearish Signs Suggesting An Imminent CorrectionAn analyst recently remarked that if Bitcoin doesn’t bounce from here, a…
For the umpteenth time this month, Bitcoin failed to hold above the $10,000 resistance on June 10th. Prominent investors in the cryptocurrency space, however, remain bullish on BTC due to a confluence of macroeconomic factors.They say that in 2020, there’s a high likelihood Bitcoin revisits its all-time high price of $20,000.A rally to $20,000 would…
Earlier this week, Bitcoin sustained a heavy drop.The cryptocurrency, just 24 hours after attempting a $10,000 break, plunged nearly $1,000 in the span of 12 hours. The move brought the cryptocurrency from around $10,030 to $9,050.Analysts are divided over what technical damage the drop caused.Some say that it is to be expected, calling the drop…
Bitcoin has failed multiple attempts at breaking past $10,500 over recent weeks, yet analysts say that the cryptocurrency is still on track to erupt into a new bull run in the coming months.Related Reading: Over a Dozen Top Crypto Assets Are Up Over 10% Today: Here’s WhyBitcoin Charts Signal a Start to Another Bull RunA…
After rallying as high as ~$10,100 on leading exchanges this week, Bitcoin plunged off a proverbial cliff. Within 12 hours after hitting the highs, the cryptocurrency dipped by almost $1,000, crushed as long orders cascaded BTC lower.While this was a bearish rejection at a crucial level, analysts are still bullish. They cite a confluence of…
While history never repeats, history often rhymes for the Bitcoin market.Each of the asset’s market cycles seems to have periods of eerily familiar price action, marked by common chart formations and technical signals that appear time and time again. This allows analysts to predict what comes next by looking at the past.An analyst recently observed…
Although Bitcoin has been incessantly swinging between $9,000 and $10,000 over the past few days, the cryptocurrency is technically still in a consolidation pattern.Ever time BTC attempts to deviate from the range, it is rejected — on both sides. Case in point, when the asset rallied to $10,400 last week, a $1,500 drop followed suit.An…
The beginning of the month was quite chaotic for Bitcoin and those trading it.On June 1, the flagship cryptocurrency was able to slice through the $10,000 resistance level for the first time since mid-February. But a few hours later, BTC plummeted by more than $1,000 in less than five minutes.The wild price action resulted in…