Bitcoin has recovered back to $42,000 since the dump after recording a bearish trend. Since then, sentiment, as well as momentum, has since turned towards the positive, leading the digital asset back on the path to a bull rally. But this does not tell the whole story. In this report, we take a look at…
Data shows the Bitcoin market has turned greedy again after almost three months of fear sentiment among investors. Bitcoin Market Becomes Greedy Again After Almost Three Months Of Fear The relevant indicator here is the “fear and greed index,” which tells us what the general sentiment among investors currently is. The metric uses a numeric…
Bitcoin continues its uptrend leaving bears in disbelief. The first crypto by market cap got back in the green after a short squeeze brought it back from the underworld in the low $30,000s. Related Reading | TA: Why Bitcoin is At Risk of Drop Below $42,500 In Short-term As of press time, Bitcoin trades at…
Bitcoin extended increase above the $44,000 resistance zone against the US Dollar. BTC is correcting gains and might decline further if it breaks the $42,800 support. Bitcoin extended gains and even climbed above the $45,000 resistance zone. The price is trading above $42,500 and the 100 hourly simple moving average. There was a break below…
Bitcoin has already lost its footing above $44K after breaking the coveted point to much fanfare. The downtrend has not been significant in any way but the digital asset could still end up losing more ground before the end of the trading day. Nevertheless, it has been a good run for bitcoin coming out of…
Even though Bitcoin (BTC) was rejected at $45,500, hope for another substantial advance in the cryptocurrency market has reappeared. Bulls are now aiming to beef up their defense at the $43,000 support level. According to TradingView data, after reaching a weekly high of $45,500 early on Feb. 8, bears were able to lower the price…
On-chain data shows the Bitcoin taker buy/sell ratio is now lighting up a “buy” signal as the price of the crypto begins to take off. Bitcoin Taker Buy Sell Ratio Suggests Now May Be A Good Time To Buy As explained by an analyst in a CryptoQuant post, the taker buy sell ratio metrics can…
Bitcoin remains strong on lower timeframes but could see some short-lived downside pressure after being rejected at the $45,500 price point. The first crypto by market cap took an upside trajectory last week on the back of several bullish headlines, and an increase in demand. Related Reading | TA: Bitcoin is Surging, Why Bulls Could…
Bitcoin has now solidified its position in the bull trend. With each recovery trend has come a risk of reversal though, which makes a strong point for bulls to continue to hold the value up. In times like this, a small slip-up can end up being devising for the value of the asset causing it…
Bitcoin gained pace above the $42,000 resistance zone against the US Dollar. BTC is now surging and might even surpass the $45,000 resistance zone in the near term. Bitcoin started a strong increase above the $42,000 resistance zone. The price is trading well above $42,000 and the 100 hourly simple moving average. There is a…