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....
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....
BTC price at press time: US$271.39. The fiestas of San Fermin are celebrated in Pamplona, Spain every year from July 6-14. The event has become internationally renowned because of the running of the bulls, where the bulls try to gore wanna-be matadors through the streets of the city's old quarter. Meanwhile, Bitcoin, too, is experiencing a bull run and as of this writing has broken through the 200 day EMA, the last big hurdle in its way. “The price reached a high of ~US$252 and has now come down to ~US$249 and thus far the price has been consolidating above these two moving averages, which....