Bitcoin holds $50K as analyst says weekly timeframes confirm bull market rema...
There's no reason to discount the Bitcoin bull run yet, longer-term price data shows, but faith in an end-of-year rebound is thin. Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSilver lining for BTC weeklyData from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on Bitstamp Tuesday.The pair had accelerated at the start of trading on Wall Street, adding to existing....
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Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and found support at the cloud – also called the....
After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower. Related Reading: Whales Accumulate Over 420,000 Ethereum In Five Days – Rally On The […]
Bitcoin price is above $60,000 and bears are in disbelief. But they shouldn’t be, as bulls have long been in control of the trend. It had only been lower timeframes that had flipped bearish, while the most dominant trend had remained up. According to the Supertrend, all of the most important timeframes have since flipped bullish, with buy signals appearing across the board. Here is a closer look at what the tool says, the only remaining timeframe without a buy signal, and more information on what the Supertrend technical indicator does. What The Supertrend Says About The Bitcoin Bull....
Bitcoin is lagging behind Ethereum during this bull-cycle. The first cryptocurrency by market cap has been outperformed in the higher timeframes with an 18.2% profit and 2.1% loss in the weekly and monthly chart respectively. In the meantime, ETH pushed into price discovery with seemingly unstoppable momentum. BTC trades at $57,723 moving sideways in the […]
In this episode of NewsBTC’s daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isn’t out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last week’s candle. As a result of the move, several bullish signals have....