Bitcoin had a major macro candle close yesterday, posting both its monthly and quarterly candle. Although BTC saw little volatility heading into this close, the cryptocurrency was able to hold well-above $10,500 before and after it took place, which provided bulls with a serious boost. Overnight, the strength resulting from this close allowed Bitcoin to…
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving…
Bitcoin underwent multiple rejections in the $11,000 region over recent weeks, suggesting the asset remains rangebound. Fortunately for bulls, there are on-chain trends suggesting that the cryptocurrency is in a bullish state. There are also underlying fundamentals like a commitment to inflation by the Federal Reserve that could spur further BTC purchasing. Related Reading: MicroStrategy’s Stock…
Bitcoin’s price action has done little to reassure investors of its near-term outlook, as the cryptocurrency has largely been caught within the throes of an intense bout of sideways trading over the past couple of weeks. This has led to the formation of a trading range between $10,200 and $11,200, with buyers and sellers largely…
Today is September 30, and while for most all it does is mark the last day of the month, for Bitcoin, it marks an incredibly critical monthly candle close. The first-ever cryptocurrency is retesting an important resistance level turned support on monthly timeframes, and holding strong could be a confirmation of a breakout from the…
Bitcoin’s price has been facing some turbulence throughout the past couple of days and weeks, with buyers and sellers being unable to catalyze any clear momentum in either direction. Earlier this week, bulls roared when they sent the crypto rallying up towards $10,800, but the resistance just above this price level slowed its ascent, stopping…
Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to trade in tandem since March 2020. Both gold and Bitcoin receive their cues from the same set of fundamentals: the…
Bitcoin price failed to clear the $10,900 and $11,000 resistance levels against the US Dollar. BTC is currently declining and it seems like there are chances of an extended decline to $10,000. Bitcoin failed to gain strength and it remained well below the $11,000 resistance. The price is now trading below the $10,800 support and…
Bitcoin’s price action throughout the past 24-hours has been incredibly positive for bulls, as the crypto is now consolidating below its crucial resistance as buyers take aim at catalyzing further upside. In the near-term, it appears that where BTC trends next may depend almost entirely on its reaction to the selling pressure that exists between…
Across crypto Twitter, analysts claim that Bitcoin price just had an extremely bullish close, but a crucial momentum measuring indicator says otherwise. In fact, the tool just flipped bearish for the first time on weekly timeframes since April 2020, right after the Black Thursday rebound and pre-halving rally. Bitcoin Weekly MACD Opens Bearish For First…