Bitcoin Price Breakout: Returns, Now What?
So this morning in our twice-daily bitcoin price watch piece, we published a chart that highlighted the levels we were watching during today's session. The main premise of this morning's analysis was the fact that - with the tight action we have seen over the last few days - we had to employ an intraday scalping strategy rather than our more traditional wide range breakout strategy. Action has now matured throughout the European session on Tuesday, and - as we head into a fresh evening's trading - how did our strategy fare, and where will be looking to get in and out of the markets this....
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A summary of macro investment performance since 2011 underscores Bitcoin as the ultimate winning punt. Bitcoin (BTC) is “eating the world” thanks to 10-year returns of over 6,200,000% and annualized returns of roughly 200% per year, investment strategist Raoul Pal has said.In a tweet on Dec. 15, Pal revisited his oft-quoted phrase as new data showed the extent of Bitcoin’s outperforming of major assets.Bitcoin record profits laid bareAs noted by Charlie Bilello, founder and CEO of Compound Capital Advisors, a Bitcoin investment made in 2011 has delivered returns of 6,271,233%. Nothing has....
Crypto analyst Jelle has highlighted a bullish pattern on the Bitcoin chart, which he predicts could send its price as high as $90,000. He also provided a timeline for when this parabolic rally could begin. This comes amid a bullish outlook for the flagship crypto following the Fed rate cuts. Descending Broadening Wedge Could Send Bitcoin To $90,000 In an X post, Jelle mentioned a descending broadening wedge pattern that had formed on Bitcoin’s chart. He claimed that the pattern has a price target of $90,000 and added that he expects the price breakout to this target to begin in October.....
The Dogecoin price has just completed a key technical breakout against Bitcoin (BTC), potentially signaling the start of a significant rally. According to the analyst who identified the Falling Wedge breakout, Dogecoin may also outperform Bitcoin in this market cycle. Dogecoin Price Eyes Pump After Falling Wedge Breakout On April 27, Trader Tardigrade, an X […]
Average year-to-date returns for the top-four North American bitcoin miners are up to 140%, versus bitcoin price returns of 49%.
Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....