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Bitcoin Cost Likely to Drop Towards $6,000 if History Rhymes
After plunging to $6,800 on Friday, Bitcoin (BTC) has been subject to some reprieve; the cryptocurrency now trades at $7,300, up some 8-odd percent from the bottom. While this bounce is somewhat positive for bulls, especially considering the historical importance of the high-$6,000s, a key indicator suggests that there may be more pain to come…
Crypto Analyst: Bitcoin Indicator Resembles Mid-2016 Bullish Beginnings
Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap. However, according to one of the most respected crypto analysts in the space, an important trend indicator suggests that the current price action very closely resembles…
Crypto Expert: Bitcoin Technical Sign Has A Hard Time At This Variety Prior To Bull Run
All across the crypto community talk of Bitcoin’s next bull run is consuming most discussion. Everyone is looking for clues or signs that could support the theory that the next bull run is getting its footing right now, and could take Bitcoin price to a new all-time high. But before Bitcoin ever gets to a…
Crypto Expert: Bitcoin Cost (BTC) RSI Breaks Into Booming Market Area
The first ever cryptocurrency has struggled to recapture the enthusiasm and exuberance prior to the 2017 hype bubble pop. Since then Bitcoin price has declined over 85% to its eventual bottom, and a brutal and hard-fought bear market has caused investors to question the long-term validity of BTC and its altcoin cousins. But on long-term…