Bitcoin Price Path Ahead: 10 Indicators Converge For Market Surge, End-Of-202...
Despite recent interest rate cuts by the Federal Reserve on Wednesday, Bitcoin’s price reacted unexpectedly, declining when many anticipated a rise. However, market analyst Crypto Birb has identified ten indicators suggesting a potential surge may be on the horizon. Bitcoin Price Holds Above Key Moving Averages At the time of the expert’s post, BTC traded at $112,000. He pointed that with exchange-traded funds (ETFs) gaining traction and market fear subsiding, the Bitcoin price appears to be consolidating before a significant upward movement, indicating that a breakout is imminent.....
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Quick Facts: 1️⃣ Taking advantage of the renewed risk-on sentiment in the crypto market, $XRP has recorded a 9.45% surge on the weekly chart – outperforming $BTC and $ETH. 2️⃣ It’s too early to tell whether $XRP can sustain the momentum, however, as derivatives market data and technical indicators give mixed signals. 3️⃣ Meanwhile, the […]
Bitcoin price looks poised for more gains but upcoming market events could spur profit-taking ahead of the weekend. Bitcoin Price Key Highlights. Bitcoin price continues to push higher after signaling strong upside momentum. Price is testing the key resistance area around $1000 but has formed a bullish continuation pattern. Technical indicators are showing mixed signals but market catalysts suggest that profit-taking is possible. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the short-term time frames so the path of least resistance is to the upside. On the....
Depending on who you listen to, Bitcoin’s price is headed for either $3,500 or $1 million in the year ahead. The Bitcoin (BTC) community is divided about whether the token's price is going to surge or crash in the year ahead. A majority of analysts and technical indicators suggest it could bottom between $12,000 and $16,000 in the months to come. This correlates with a volatile macroeconomic environment, stock prices, inflation, Federal Reserve data and (at least according to Elon Musk) a possible recession that could last until 2024.On the other side, influencers, BTC maximalists and a....
Bitcoin price could be due for a quick selloff at this point, as profit-taking might happen ahead of the weekend and next week’s EU referendum. Bitcoin Price Key Highlights. Bitcoin price has been on a tear these days but some technical indicators are hinting at an exhaustion. Price is closing in on the $800 level, which is an area of interest visible on longer-term time frames. If a selloff is seen at the current levels, it could find nearby support at $700. Technical Indicators Signals. The 100 SMA is above the 200 SMA for now so the path of least resistance is to the upside. In....
The most recent balance between bid and ask prices is over, setting the bitcoin price on an upward path to $820, where another congestion area may be observed. Aside from the market determined by the biggest traders, which can be seen through volume indicators during the previous two sideways lateral movements, natural demand supremacy allows prices to leave the $580-$600 support area. Now, the new technical objective is the $820 level without intermediate resistances, in a bull pattern that could be a fast rally to place the quotes into a new formation that would drive the action even....