Bitcoin price is trading at around $27,000 per coin after failing to hold above $30,000. Crypto market sentiment would suggest that BTC is already back at lows, ready for a fresh decline. However, if a perfected TD buy setup is an indication, then BTC might have just finished its pullback and is ready to continue…
Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here…
Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline…
Bitcoin price has written a red candle in the 1-week chart for the first time after five consecutive weeks. As NewsBTC reported, the price is in a critical zone in the 1-day chart to maintain the long-term uptrend. Therefore, the next few days could be of great importance to determine the trend. Was $27,000 Already…
Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend…
Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward…
Bitcoin price is experiencing one of its more significant corrections since the trend began to change directions. According to the creator of the Bollinger Bands, it’s once again “time to pay attention” — this time because BTCUSD has pulled back to a “logical” level. Bitcoin Begins Pullback To Logical Level Bitcoin reached almost double from…
Bitcoin has experienced a hard couple of days after climbing above $30,000 last week. The coin reaching a new 9-month high triggered euphoria in the market. However, it has begun to wear off as Bitcoin has now returned to $28,000 once more. The question now is where does BTC go from here? Does it continue…
On-chain data shows the Bitcoin exchange outflows have seen a significant spike during the past day, a sign that may be bullish for the price. Bitcoin Exchange Outflows Have Observed A Large Spike Today As pointed out by an analyst in a CryptoQuant post, a total of 2,138 BTC has been taken out of exchanges…
Bitcoin price is moving lower below $29,000. BTC could extend losses below $28,000 and revisit the $27,200 support zone in the near term. Bitcoin remained in a bearish zone below the $29,500 support zone. The price is trading below $29,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming…