BTC Supporters Call Price Drop a Mid-Bull Run Break, 2021 Bitcoin Chart Patte...
After the price of bitcoin touched a high of $64,895 per unit, speculators and skeptics think it might have been the top of the bull run and a 2018-like bear run is next. On Sunday, May 23, bitcoin prices have dropped to a low of $31,107 and bears have managed to take the reigns for a period. However, not everyone is convinced the current crypto bull run is similar to 2017, as a number of crypto proponents think the 2013 bull run is more aligned with present trends. ‘Two Major Peaks 8 Months Apart’ BTC has seen better days and a month ago, the price reached $64k per coin but....
Related News
Ethereum extended its upward move above the $3,300 resistance against the US Dollar. ETH price is showing positive signs and it may even surpass $3,400. Ethereum started a fresh increase above the $3,250 and $3,300 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if there is a clear break above $3,350. Ethereum Price Breaks Key Resistance Ethereum remained well bid above the....
Our highlighted break for Litecoin price on the 30-min chart via the data feed from Bitfinex was true as the price continued to move down. The price even broke the $3.44 low and formed a new low of $3.42. Now, if we look at the hourly chart via the data feed from Bitfinex, then there is a contracting triangle pattern formed. However, one critical point to note is the fact that the price is now below the 100 hourly simple moving average. The price already tested the triangle support area on a couple of occasions, but buyers managed to prevent a downside break. There is a chance that sellers....
Contrarian Bitcoin analysts pinpoint three reasons why they are still bullish on BTC price for the short and long-term. Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the Bitcoin chart as an omen for another potential drop in the price but analysts with a more contrarian point of view look at this chart pattern as a signal that it is time to buy the dip. The ultimate thread on #BTC deathcross and cycle data analysis 1)....
Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did […]
A crypto expert has highlighted a recurring pattern on the Dogecoin (DOGE) price chart that led to its historical 2020 price rally. At the time, the DOGE price had skyrocketed by more than 26,000%, turning many early investors into millionaires in just a few months. Now, with the current chart structure repeating the same pattern, the analyst believes that Dogecoin may be preparing for another historic rally, this time to a $2 price target. Dogecoin Price Repeats Historic 2021 Bull Run Pattern In one of his latest Dogecoin analyses on X, market analyst Crypto Patel stated that DOGE is....