Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt about the Bitcoin price reclaiming its all-time high of $108,786 is starting to creep in. However, the latest on-chain data suggests that the market leader could be gearing up for significant price movements over the next few weeks.....
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Here’s what we are focusing on for this morning’s session in the bitcoin price. We are about to head into a Fresh European session this morning in the bitcoin price, and there’s plenty to talk about. Price has given us a lot of volatility over the last week or so, with a few spikes to the upside serving up fresh (and sustained) highs, which have generally been followed by a short period of consolidation (likely on profit taking from the shorter term speculators). Action overnight seemed to mirror this trend, and it looks as though once again today we are going to have plenty to go at as....
Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone. Ethereum failed to extend gains and declined below the $4,200 zone. The price is trading below $4,220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,280 and $4,320. Ethereum Price Is Now At Risk Ethereum price failed to continue higher above the $4,500 zone and started a....
Here’s what we are focusing on for this evening's session in the bitcoin price. Action in the bitcoin price has matured across the European session, and hasn’t quite played out in our favor. That is, at least, from a long term holding perspective. Shorter term, we saw a decent amount of volatility, and managed to get in to a trade according to our predefined breakout strategy a little earlier on this afternoon. That position has now closed, and with it, the European session is about to draw to a concurrent close. So as we head into a fresh afternoon out of the US, and as action matures....
A long-term structural analysis suggests the Dogecoin price may be approaching a critical point in this market cycle. With price action compressing and volatility fading, a crypto analyst’s wave-based assessment suggests that DOGE is preparing for an explosive surge toward $10 and beyond, driven by a third-wave deadlock. Third Wave Deadlock To Fuel Dogecoin Price Rally Crypto market expert EtherNasyonal has stated that Dogecoin remains trapped within a third-wave deadlock. This means the cryptocurrency has not yet shown the decisive movement that typically follows a strong wave. Instead,....
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....