Bitcoin price is back above $50,000 and its return to the key resistance level has brought a potential bull market fractal back into focus. The bullish fractal in question suggests that another leg up in the crypto bull cycle is coming, matching the epic 2013 rally grand finale. If the potentially repeating price pattern playing…
Bitcoin price started a steady increase and it surpassed $50,000 against the US Dollar. BTC is likely to remain well bid and it might even clear $50,300 Bitcoin started a decent increase above the $48,000 and $48,500 resistance levels. The price is now trading above $48,000 and the 100 hourly simple moving average. There is…
Bitcoin is still headed for the moon even as the weekend goes on. The price of the asset has not seen much in the way of a downturn following its massive price increase from last month. Overall sentiments in the crypto market are still very positive, as evidenced in the Fear & Greed Index. The…
Bitcoin has climbed up from every major resistance level in the past month. At the time of writing, BTC trades at $48,412 with a 3.8% profit. BTC on a rally in the daily chart. Source: BTCUSD Tradingview After weeks in the green, the general sentiment in the crypto market has flipped decisively bullish as sellers…
Bitcoin price traded to a new weekly low at $44,012 before recovering losses against the US Dollar. BTC is back above $47,000 and it may attempt to clear the $48,000 resistance. Bitcoin started a decent increase above the $45,500 and $46,000 resistance levels. The price is now trading above $46,000 and the 100 hourly simple…
Bitcoin trading signals can come from anywhere. It could range from just looking at charts to looking at how people react towards the purchase of certain assets. With the pandemic sending most of the world into lockdown, COVID-19 has now made its way into being a trading signal. The movement of the market in line…
Bitcoin exchange inventory level is a good way to gauge market sentiment towards the cryptocurrency. Inflows to exchanges in the past have usually indicated strong sell sentiment. Stemming from investors wanting to cash out the profits that they have made. This is usually the case during bull markets when prices go up. But for the…
Bitcoin price is still well below its former record, but the top cryptocurrency by market cap at the time of this writing is making another attempt to reclaim lost support near all-time highs set earlier in the year. The “retest” thus far is holding above a key level, and when compared to past peaks in…
On-chain data shows Bitcoin netflows are still deeply negative, a sign that means BTC remains bullish. This is despite the dip to $44k. Exchanges Observe Deeply Negative Bitcoin Netflow As per a CryptoQuant post, the Bitcoin netflow indicator has been deeply negative recently, suggesting that signs are still overall bullish for the market. Related to…