The first ever cryptocurrency, Bitcoin, is set to close its third consecutive monthly candle as green, after a record-setting six candles closed in red, taking Bitcoin price to its current bear market low of $3,150. Because of how far Bitcoin has climbed since those local lows, crypto analysts believe that May is likely to close…
Last week, volatility finally picked up for the Bitcoin price after a multi-week lull. While many traders embraced this tumultuous price action, it seems that the cryptocurrency market is settling once again, with BTC finding support at $8,000. Related Reading: Gold Fractal Predicted Bitcoin Distribution, Up Next Is Two Years of Sideways Over the past…
After a week of insane volatility in the crypto markets, with Bitcoin price rising and falling in the thousands, and swinging back and forth over the better course of the week, the first ever crypto asset has been stuck in a tight trading range over the last 24 hours, and a break to either side…
The altcoin market is currently in crisis mode, with most of the various individual crypto assets outside of Bitcoin reaching new yearly lows, and in general, bleeding out all remaining value generated during the 2017 crypto hype bubble. Crypto investors are capitulating, but many are still hopeful that one day the altcoins they hold will…
Over the last couple of weeks, bullish sentiment has begun to return to the crypto market after months of ongoing downtrend. However, one prominent crypto analyst isn’t convinced by the rally, and instead expects Bitcoin (BTC) to reach new lows sending the asset into multi-year bear market. To make matters worse, the analyst also believes…
After failing to break past $10,500, Bitcoin has posted weak performance after weak performance, failing to hold key support levels. Just last week, the price of the leading cryptocurrency fell off a cliff, so to say, breaking below key supports at $9,500, $9,000, and $8,700 as bulls provided no resistance to the selling pressure.This weakness…
Bitcoin price has for months now been locked inside what many crypto analysts believe to be a triangle pattern. However, they are torn as to the type of triangle the pattern is – descending or symmetrical. Crypto investors themselves who are also watching the pattern are also torn, not by the shape of the formation,…
Well, would you look at that — within the span of literally an hour, the Bitcoin price surged to $8,820 to dump to $8,350 just minutes later. The range of this move is nearly $500 — some 5.2% at current price points. The chart below from TradingView sums up the absolutely absurd bout of volatility…
During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin’s current price action in inverse appears visually…
Bitcoin has close above the $10,000-level in its interim upside correction, but that does not guarantee an explosive price rally. Noted market analyst Josh Rager said on Thursday that bitcoin could continue trending upwards until it hits $10,854. The level, as he pointed, is acting as a resistance on the daily timeframe graph. The trader…