Top traders go long after Bitcoin price rallies to key $11.5K resistance
The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price. On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance.Whenever Bitcoin's volatility gets too low, it usually signals that traders became too complacent. Naturally, there will be periods of range trading, but short-term unpredictability is....
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Key Highlights. Dogecoin price looks like forming a short-term base near 32.2 Satoshis, as shown on the hourly chart (price feed from HitBTC). The price may bounce from the current levels, but could find resistance near 35.0 Satoshis. Selling rallies may be a good deal moving ahead as long as the price is below the mentioned resistance area. Dogecoin price may recover in the near term, but we cannot discard the fact that there is a lot of bearish pressure, calling for sell rallies idea. 35.0 Satoshis as Resistance. Dogecoin price found bids near 30-32.0 Satoshis, and currently attempting....
Traders watch closely as BTC price presses at a long-term trendline resistance that has previously capped previous rallies. On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. BTC/USDT 1-day chart. Source: TradingViewPerhaps BTC and the wider market are turning bullish ahead of the Ethereum Merge which is scheduled for Sept. 14, or maybe the elusive bottom is finally in. Weekly chart data from TradingView shows that on....
There may be some words of encouragement for those wondering why the price of Bitcoin seems to keep falling. In fact, if we look at the Bitcoin price chart using a longer time frame and the logarithmic scale we can see the price bounded by some lines called support and resistance. Looking at the long term chart we see that Bitcoin price is bounded from above and below by the long term up channel. Bitcoin Price is bounded by support and resistance lines. If we zoom into the top of this chart we can see a close up of the downtrend line that creates upward resistance: Upward resistance....
Bitcoin is likely to drop towards $11,000 in the coming days, analysts say. The cryptocurrency is likely to do so as it has formed a strong rejection at the $11,400 resistance level, which has been a level of importance for the asset on a short-term and long-term basis. Bitcoin Likely to Drop Towards $11,000 as Key Resistance Holds The analyst that shared the chart below says that Bitcoin will likely hit $11,000 before it rallies […]
Bitcoin broke through resistance finding a new price level on February 7 and has continued its upward trend. Traders and speculators are still hoping the digital asset’s value will once again break the all-time high (ATH) of US$1,155. Bitcoin’s price had consolidated during the end of last week but now is pushing above the $1,045 range. Meanwhile, the....