Bitcoin’s Price Regains Some Losses, Signals Still Show Indecisive Crypto Mar...
Digital currency market prices have been dropping during the last few days as the crypto economy now rests at $1.53 trillion in value. Crypto trade volumes have increased a hair on Sunday, and a few crypto assets have seen decent percentage gains over the course of the last seven days. Crypto Market Prices Consolidate While Traders Wait to See if Bears or the Bulls Grab the Reigns Last week, crypto proponents witnessed billions of dollars shaved off the entire crypto-economy and many are curious as to where things are headed next. Bitcoin (BTC) jumped back above the $40k handle a few days....
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Bitcoin’s price action has calmed after a strong move lower on the news of the CFTC charging BitMEX and President Trump catching the disease spreading across the globe. The cryptocurrency is currently trading in a tight $30 range, indicating that investors are indecisive. Bitcoin Enters Tight Range as Market Is Indecisive As noted by a top Bitcoin analyst, the leading cryptocurrency has been trading in a $30-50 range over the past few days as investors […]
Bitcoin price picked itself up from the dusty valley floor today. Although it’s looked more healthy, it appears nothing is broken. Since yesterday’s low we’ve had 5 waves up. The advance has stopped at 15-minute 200MA (not shown) and is currently trailing the hour 20MA (green). At label 5 the advance is accompanied by reverse divergence in RSI. In other words, RSI is indicating a high exceeding previous highs that price is nowhere near reaching. Hence, the current downward correction. Bitcoin price advanced strongly from yesterday’s low, but the market now seems indecisive. It is....
Bitcoin’s price is rebounding from a sell-off Tuesday while large ether holders are making moves.
Bitcoin Price Key Highlights. Bitcoin price has recently made an upside breakout from consolidation and a rally above an area of interest, but it looks like buyers are losing steam. A pullback to the area of interest might be necessary before the rally regains ground. Bitcoin price could make a correction to the Fibonacci retracement levels marked on the 4-hour time frame before resuming its climb. Resistance Turned Support. The Fib levels based on the latest swing low and high show that the 50% level lines up with the broken resistance at $350. This could hold as support from now on since....
The new Bitcoin users graph is a sight to behold. Even though Bitcoin’s price was horizontal for a while there, the network kept growing. And, with each new participant, the network expands infinitely. And, with that, the value of the network increases in the same magnitude. Such is the nature of the “network effect” phenomenon. That is what this chart by on-chain analyst Will Clemente shows: The number of new users coming on the Bitcoin network continues to reach new all time highs. pic.twitter.com/yttPlhJBPd — Will Clemente (@WClementeIII) August 4, 2021 As one of the hosts from....