Bitcoin Price Crosses $440; $500 Imminent?
2016 is said to be the year where the bitcoin price is supposed to climb to new highs, and it seems that all is going according to predictions. Of course, these predictions are set on the premise that the bitcoin mining reward will drop to half which will greatly affect the supply of coins. Since the beginning of the current year, the bitcoin price has seen some ups and downs, but overall, the price has been climbing up. 2016 is said to be the year where the bitcoin price is supposed to climb to new highs, and it seems that all is going according to predictions. Of course, these....
Related News
All across crypto, fear is in the air. Not only is the market shaken from the recent downtrend, but there’s an extra layer of doom and gloom due to an impending “death cross” in Bitcoin. Learn all about the ominous sounding crossover of two commonly watched moving averages, what the signal could mean, and how Bitcoin price has reacted in the past. The "death cross" is nigh | Source: BTCUSD on TradingView.com Does The Bitcoin Death Cross Mean Doom And Gloom For Crypto? Bitcoin price on daily BTCUSD charts is only days away from completing a “death cross.”....
Golden crosses and death crosses are key signals that technical analysts use to determine whether an asset is trending upward or downward. How can traders use the golden and death crosses in their trading strategies?Traders typically buy during a golden cross and sell during a death cross. Different traders will have different approaches to crossover signals. Some traders might wait for a confirmed golden or death cross before entering or exiting a trade. Others might use the crosses as confirmation signals in conjunction with other technical indicators.In general, however, the golden and....
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
Bitcoin price slammed down to support early today before embarking on a persistent rise that is now correcting. A directional move is imminent and today’s Fed rates announcement may be the watershed. Finally, we’re seeing compression in both the 15min and 1hr charts. The 1-day chart (not shown) is currently trading below its 20MA, but remains high above the critical 200MA. The combination of bearish bias in the 4hr and 1day charts, and the compression seen in the 1hr and 15min charts implies a move is imminent. One concern is that the structure of the past week’s price pattern is unusual.....
Bitcoin’s price is making gains for the second day in a row as investors park more crypto in decentralized exchange Uniswap.