Bitcoin price is back at $50K, but exactly how 'bullish' are the bulls?
BTC's futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet. Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn't seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed ether's (ETH) attempt to break $3,650 over the next six days. Regulation seems to be a key concerning factor for buyers as the U.S. House of Representatives is expected to vote on the $1 trillion infrastructure bill....
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Bitcoin price seems to be in the control of the bulls as the crypto has rallied. Over the last 24 hours, BTC gained more than 7% on its chart. In the last week, the crypto’s gain has been more than 8%. This has put Bitcoin in a bullish position as it has managed to cross the $20,000 price mark. The buyers are back on the one-day chart as the demand for the coin noted a considerable increase. The bulls might be eyeing the next major resistance mark of $22,000, but there are two other important price levels that the coin has to zoom past. If the buyers once again exit the market, a....
The XRP price is still showing bullish momentum despite the previous wave of downtrends. After falling below $2.8, a quick bounce was able to reclaim this level once again as support, putting it on a path lined with further gains. With the formation of an ascending trendline, the XRP price may be sitting on a ticking time bomb primed for explosion, and this would send it back toward its July peaks as bulls find their way back into the market again. XRP Price Breakout Could Notch 20% Gains The analysis from CMF Trading Point shows that the XRP price is at a critical level after the....
Bitcoin price seems to be regaining bullish momentum after breaking above this short-term consolidation pattern. Bitcoin Price Key Highlights. Bitcoin price recently made a strong rally but fell back in consolidation as bulls struggled to keep the momentum going. Buying pressure seems to be returning since price broke to the upside of the consolidation pattern and appears to have completed a quick pullback. Price could head back to the previous highs from here or carry on with a larger retracement. Technical Indicators Signals. The 100 SMA is still safely above the longer-term 200 SMA....
Dogecoin has continued on an interesting path, struggling between $0.2 and $0.24 during this time. Bulls have continued to maintain their hold on the major support levels, but this hold is weakened by the sustained market sell-off that began back in September. However, with the month of October expected to be quite bullish, there could be a quick turn in the tide for the Dogecoin price, with one crypto analyst expecting the altcoin to rally from here. Analyst Predicts Dogecoin Price Will Hit $0.3 Crypto analyst TradingShot first starts out by explaining where the Dogecoin price currently....
Bitcoin price is attempting its first major recovery since plunging below $20,000 per BTC during the recent crypto market contagion. A hidden bullish divergence could indicate that although the selloff was extreme, bulls have been lying in the wait and will soon begin to charge. Here is closer look at the potential bullish continuation signal on BTCUSD weekly price charts. Crypto Bulls Lie In Wait, Soon Could Be Ready To Charge Bitcoin became a household name in late 2017 after reaching nearly $20,000 per coin and sent the entire crypto market on a historical bull run. After a long bear....