Since hitting $9,500 last week, Bitcoin has entered a consolidation pattern around $9,000. The cryptocurrency has traded between $8,700 and $9,200 for days, failing to decisively break out of this range.Some say this is indicative of a market top. Yet others believe Bitcoin is poised to rally even higher, citing technical signals.One analyst even said…
Ahead of Bitcoin’s block reward reduction or “halving,” BTC has performed extremely well.As this outlet reported previously, the cryptocurrency just printed its seventh consecutive week of gains. This is a technical feat last seen in April 2019, prior to the 300% bull market of that year.Calls have been mounting for Bitcoin to pullback, with Bloomberg…
After a nearly 20% surge last week, Bitcoin’s weekly candle on Sunday evening closed decisively green at $8,900.This marked the seventh consecutive weekly gain for BTC, which has posted stellar performances ever since the mid-March capitulation lows.Although the seven consecutive weeks may mean nothing to readers, it is a strong technical occurrence that may signal…
It’s been a strong week for Bitcoin and the rest of the cryptocurrency market.Per data from Coin360.com, the leading cryptocurrency has gained close to 20% in the past seven days. While this is undoubtedly one of Bitcoin’s best weekly performances in months, this is actually the asset’s seventh week of gains in a row, signifying…
Bitcoin has been on a stellar run over the past week, gaining 20%, according to data from Coin360.com. It’s a move that has brought the cryptocurrency above resistance level after resistance level, suggesting an uptrend is forming.Since peaking at $9,500 though, the cryptocurrency has slipped, with BTC now trading at $8,800 as of the time…
Bitcoin has been on an impressive run over the past few weeks, mounting past resistance after resistance despite a harrowing macroeconomic backdrop. Since the March lows of $3,700, BTC is up 150%, a stellar performance that puts almost any other $100 billion+ asset to shame.Although impressive, Bitcoin continuing to set new local highs and holding…
After trading below $9,000 ever since the blow-off top on Wednesday, Bitcoin has been subject to a strong recovery over the past couple of days, culminating in a breakout seen this past hour.The cryptocurrency, as of the time of this article’s writing, is trading for $9,150 — more than 9% higher than the post-rally lows…
The price action over the past few days has undoubtedly been positive for Bitcoin. Case in point: the cryptocurrency ripped over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours.Prices have since consolidated at $8,800, with BTC finding itself stuck between support around $8,500 and resistance…
A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”For those unaware, a rising wedge is a common chart pattern marked by a strong uptrend. Although this uptrend may seem bullish from a top-down perspective, rising wedges are textbook reversal patterns.Per Investopedia, this form of technical…
The past 24 hours have been explosive for the Bitcoin market. Ever since breaking past $7,800 on Wednesday morning, the cryptocurrency has been in a nearly unstoppable uptrend, rallying past resistance after resistance in the $7,000s, $8,000s, then most recently, the ever-important $9,000 level.This steep uptrend comes on the back of an influx of buying…