Five Signs That The Bitcoin Bottom Is In
Bitcoin price was slashed in half during the month of May, leaving today as the last day for bulls to make a stand and undo the worst monthly on record. Even if the blood stain is left behind on the price chart for good, that doesn’t mean bulls still can’t pull off an upset and […]
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Bitcoin price is back at $37,000, recovering from a frightening plunge to as low as $30,000. The selloff struck fear into the market unlike never before, making buying the dip a scary risk to take. However, there’s several signs that the bottom could be in, all while sentiment has turned fully bearish and the market […]
Quick Facts: ➡️ Bitcoin’s drop below $90K comes with growing signs of seller exhaustion, and several leading strategists still frame this week as bottom-hunting territory. ➡️ The best crypto presales can sidestep the worst intraday volatility by locking in token prices while still giving exposure to narratives likely to benefit from a rebound. ➡️ Bitcoin […]
Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar. BTC is showing positive signs and it could climb towards $47,000. Bitcoin is finding a strong buying interest above the $42,000 and $42,150 support levels. The price is still trading well below $47,000 and the 100 hourly simple […]
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018. Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s price. He suggested that the current indicators are showing similar signs to the....
The recent Bitcoin price rebound has reignited optimism, but not everyone is convinced the market has turned around. While price has shown signs of a breakout, a crypto analyst notes that BTC’s macro setup still resembles a typical bear market structure. The key question remains whether the recent upside move signals a true price bottom […]