Bitcoin bullish cross on weekly chart paints $225K BTC price target if histor...
Weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory. Bitcoin (BTC) is wowing the market by holding $50,000, but a bullish metric is pointing to much larger potential gains.Data from TradingView now clearly shows that the weekly moving average convergence/ divergence (MACD) indicator for BTC/USD has flipped from red to green.Time for another 5.5X BTC price surge?There is no shortage of bullish BTC price indicators this month, with everything from exchange balances to network fundamentals infirmly optimistic mode.MACD, which produced a rare crossover....
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The bounce back above $48,000 is not a definitive sign that a correction is over, analysts warn. Bitcoin (BTC) quickly regained lost ground on Aug. 25 after a brief dip towards $47,000 failed to keep bulls down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRebound or bull trap?Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it returned to higher levels almost as quickly as it lost them earlier in the day.At the time of writing, the pair traded at near $48,700, having gained $1,500 in a matter of hours.Analysis had hinted at a rebound even as lower lows....
Bitcoin “doesn’t owe you any pullbacks” from current levels, one analyst argues as stability returns to crypto markets. Bitcoin (BTC) stayed tantalizingly close to $50,000 on Tuesday as bulls contended with a classic resistance level.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewToo late for “dirt cheap” Bitcoin?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding necessary support levels for bullish continuation through Tuesday.The pair had dipped to within the $48,000 range over the past 24 hours before exiting to the upside, with $49,000 now the level....
XRP price has formed a bullish cross on its weekly Stochastic RSI, creating a bullish sign for the cryptocurrency at a time when its price has been struggling to break away from the $2 region. The cryptocurrency has spent the past several days moving into a downturn, and buyers will now be looking to defend $2. Even though momentum has been limited, new inflows from recently launched XRP ETFs have kept sentiment from turning full-on bearish. XRP Stochastic RSI Undergoes Bullish Weekly Cross According to crypto analyst ChartNerd, XRP has just printed a bullish cross on its weekly....
The XRP price has struggled despite scoring multiple partial victories against the United States Securities and Exchange Commission (SEC) over the last year. The initial surge was not enough to push it into the coveted $1 level. However, this has not deterred bulls, especially with bullish formations on the chart and multiple predictions that the XRP price is set to hit a new all-time high. XRP Price Flashes Golden Cross A pseudonymous crypto analyst who goes by @Nico369K on the X (formerly Twitter) platform has pointed out an interesting formation on the XRP price chart. This formation is....
The XRP price chart is painting a golden cross while rising inside an ascending channel. XRP has a good chance of hitting $1.50 in the fourth quarter of 2021 after painting a bullish crossover between its 20-day and 50-day exponential moving averages (EMA).The so-called Golden Cross has appeared multiple times on XRP charts in history. Its last occurrence was on Aug. 10, which followed up with a circa 80% price rally later, with XRP topping out seasonally at $1.43 before pulling back to the downside. Similarly, a close of XRP's 20-day EMA above 50-day EMA on Feb. 4, coincided with an....