TA: Bitcoin Breaks $35K, Why BTC Bulls Aim A Larger Rally

Bitcoin price continued on Sunday as it had done on Saturday: quiet trade in a $4 range. Today’s price action seems to be coiling up for a larger move. Another quiet day in the bitcoin price chart with price hugging the 200-hour moving average. Volume remains low but the additional onset of low volatility within a narrow price range gives the impression that a larger move is building pressure in the chart. Longer term constraints remain $449 (Bitstamp) and the horizontal resistance zone up to $470. The price action since Thursday 12th April resembles a base pattern and a Fib extension tool....

Bitcoin Price Key Highlights. Bitcoin price is still stuck in correction mode, as bulls seem unable to sustain their previous price rally. The Fibonacci retracement levels marked on the daily time frame could serve as potential areas where bulls might hop in. Bitcoin price could use a much larger correction from its similarly large rally throughout past week, possibly leading to a pullback to the 61.8% Fib. Area of Interest. At the moment, bitcoin price is finding support at the 50% Fibonacci retracement level, which lines up with the $350 mark. No reversal candlesticks have formed yet so....

After experiencing months of slow action, the Cardano price is now flashing major bullish signals as it approaches a critical breakout level. Citing historical patterns and recent chart formations, a crypto analyst predicts that Cardano could rally by a staggering 300% if it successfully breaks through key resistance levels.   Cardano Price Poised For 300% Rally […]

 LINK rallies with high volume as the price breaks above its range channel of $8 after a while as bulls eyes $12.  LINK’s price continues to trend higher with strong volume as the market looks promising for many altcoins.  LINK’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). of over 180 days old as the price eyes a major rally after having a tough time breaking this region with good volume. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and....

Well, as many have noted in the comment section, my warning of a possible short-term fall in Bitcoin price Friday coincided very well with a RISE in price. I wish it weren’t so, but it happens. As my readers likely know, my published long-term forecast is for Bitcoin price to rise for the next several months. Trader’s strategies differ, but I am of the opinion that if the trend is up, one should only trade long, and not short. Conversely, if the larger trend is down, only trade short. Scalpers, of course, disregard this logic every day. Sometimes it is profitable to trade against the....