Bitcoin’s $10,000 Stairway: Chart Signals March Toward $115,000
In the last week, Bitcoin showed a range-bound movement, with prices oscillating between $105,000 and $101,000 to produce a slight gain of 0.60%. Notably, the flagship cryptocurrency has seen a market cool-off in the past two weeks following a 10.7% price leap in early May. Interesting, a crypto analyst with X handle TATrader_Alan, popularly known as Trader Alan, has highlighted a bullish pattern that points to a price target around $115,000. Related Reading: Bitcoin Strengthens Vs. Gold, Analyst Sees ‘Higher Than Expected’ Returns Bitcoin Climbs With Precision: $115,000 May Be The Next....
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Bitcoin’s rollercoaster ride continues, and according to BitMEX co-founder Arthur Hayes, the next stop could be $70K. His prediction follows Bitcoin’s four-month low of $76.8K on March 11th, marking a 36% correction from its $110K all-time high. But Hayes reassures investors – this is textbook bull market behavior, not a sign of long-term weakness. His […]
Bitcoin price action despite being wobbly in the past days, is still being discussed by analysts. Earlier today, a CryptoQuant analyst turned the spotlight to the Bitcoin’s NVT Golden Cross, a metric that has been known to signal potential local tops and bottoms in Bitcoin’s price. According to the analyst, Burak Kesmeci, this metric is now showing a reason for concern as it is currently struggling to surpass its previous peaks. Related Reading: Bitcoin’s Sudden Drop: Could This Be a Setup for a Massive Rally? Analyst Weighs In How Is The NVT Golden Cross Signalling a Warning For....
Bitcoin price has been rearing to go all weekend. Conflicting technical signals had both advance and decline as likely outcomes of the price consolidation on Saturday. By Sunday morning (UTC) the buy signals were unmistakable. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h51 UTC. BTC-China 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: We have buy signals....
Crypto analyst Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon. What The Heikin Ashi Signal Means For Bitcoin While highlighting the second consecutive Heikin Ashi on Bitcoin‘s weekly chart, Olson also noted that there was no wick to the upside, which suggests that the downside trend is likely to continue. The crypto analyst had also previously explained how the absence of a wick to the upside signals a....
Popular market analyst Egrag Crypto has dropped a Bitcoin price prediction due to the recent formation of a highly bullish chart pattern. The maiden cryptocurrency currently trades above $84,000 following its minor recovery in the latter part of last week. However, the continuity of the current bull run remains uncertain barring a sustained uptrend. Related Reading: Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal? Bitcoin’s Bullish Chart Pattern Hints At Major Price Surge In an X post on March 14, Egrag Crypto states the BTC market may be preparing for a major price....