Over the past week, Bitcoin has found itself flatlining, establishing a tight range in the low-$7,000s as volume tapers off. This consolidation has forced the Bollinger Bands, a moving average-based technical analysis tool often used by traders looking for more information about trading ranges and volatility, for Bitcoin to reach extremely tight levels, implying that…
Last week, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)While this is a decidedly…
While all eyes have been on Bitcoin as of late, it may be time to pay XRP some heed. A top analyst recently noted that the popular altcoin is on the verge of seeing a bout of strong volatility, with the tug-of-war between both bulls and bears heating up on both sides, creating tighter and…
Over the past few weeks, Bitcoin (BTC) has found itself consolidating in the low-$7,000s, holding this key support region as bears threaten the cryptocurrency’s demise. While this consolidation has been bullish, in that selling pressure has abated for weeks, setting the stage for a bullish reversal, a market cycle analysis by a popular crypto trader…
Bitcoin has had a crazy past 12 months. Since bottoming at $3,150 on December 15th, 2018, the cryptocurrency has bounced back. Hard. By June, a coin was trading for $14,000 a piece, up hundreds of percent since the year started. Related Reading: Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020 Now…
Crypto markets are depreciating for another day as Bitcoin fails to gain any traction. Volatility appears to be returning as a big spike triggered a lot of liquidation a few hours ago. The overall picture is still very bearish though. BitMEX Bitcoin Manipulation Calls The slow grind down has continued this week but some spurious…
Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story.Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty,…
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer…
Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week after that.Now, the crypto is trading for $7,400 a pop, seemingly trying to establish a market trend for the coming week. While some…
There are currently more Bitcoin keys with at least one satoshi associated with them than there has ever been before. The number of plus balance addresses is even higher than it was at the peak of the 2017 bull market. The figures, although problematic, give something of an indication of the number of Bitcoin users around…