These Factors Suggest Bitcoin is on the Cusp of Setting Fresh All-Time Highs
Bitcoin has been struggling to break above $20,000, with each visit into the upper-$19,000 region sparking a massive inflow of selling pressure The cryptocurrency’s reactions to these rejections have grown more tempered, which is a bull-favoring sign Where the entire market trends in the mid-term will depend largely on whether or not this resistance can be surmounted anytime soon One trader is noting that there are a couple technical signs that are currently working in […]
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Bitcoin could be on the cusp of posting a move to fresh all-time highs if it can close its monthly candle today above one critical level. The benchmark cryptocurrency has been caught within the throes of an intense uptrend throughout the past several days and weeks, with each selloff being fleeting and followed by it […]
Bitcoin price has been on an absolute tear, setting record after record over the last several months. After consolidating for weeks at a level more than double the last cycle’s peak, Bitcoin is back to making new highs and now has now traded at $50,000 for the first time in its more than decade long existence. Within moments of touching $50,000, however, sell orders began triggering. The initial rejection could suggest that the phycological resistance […]
Bitcoin has seen some wild price action today, setting new all-time highs before facing a 10% pullback that took place over the span of a few minutes This pullback was short-lived and has mostly been erased in the time since This type of volatility is to be expected in bull markets and is certainly not […]
Bitcoin is rallying again, pushing into new highs above $35,000. Bitcoin is continuing to set new price records, breaking above $35,000 for the first time ever on Jan. 5.After setting its past record of roughly $34,800 on Jan. 3, BTC posted a fast retracement down to $28,000 the following day.However, the crash was short-lived, with BTC quickly recovering, and pressing into new all-time highs above $35,800 around 4.30am (UTC).Bitcoin has now gained roughly 80% since breaking into new highs on Dec. 16, and is up 22% in seven days.BTC/USDT 1H chart, Binance: TradingViewThe new record was....
Ethereum’s price has rocketed over the past few days alongside Bitcoin, but it has been underperforming the benchmark crypto While Bitcoin is currently on the brink of setting fresh yearly highs, ETH is trading down significantly from its $490 highs that were set a couple of months ago For ETH to outperform BTC, there will likely have to be a resurgence in the DeFi space This will drive transactional volume and buy-side pressure for ETH […]