Bitcoin Price Rebounding Strong
As my readers likely know, Bitcoin price has been marching higher for the past 40 hours or so. $304 provided support to stop the panic selling of a couple days back, and has since propelled the price higher. We now see 'Elliott Waves of 5' pointing upwards. Hence, we now expect the worst of the selling to be over. What's next? Most traders do not yet know the selling is over. They don't trust this rally and are, therefore, not aggressively buying. They are waiting for the other shoe to drop. When the next pullback begins, they will expect that new lows are coming. It is only when the....
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If you were asleep last night - and let's be honest, most of the population was - you probably missed what happened to the price of Bitcoin. It dived. The price per coin reached a low of $175USD at about 4AM Eastern Time at Mt. Gox, rebounding to a high of $211USD in the past three hours. What a ride! Some saw the opportunity to scoop up extra coin during the dip, but it doesn't appear as if this event caused a panic sell by any stretch, given the aforementioned rebound. It is likely that those who took advantage of the dip were those in China, bringing that price right back up. It's not....
The bitcoin price is rebounding from a 56% price drawdown, post a 228% recovery. Historically what comes next is yet another massive recovery
The PEPE price has remained strong coming out of the crypto market crash, rebounding more than 40% in a single day. This bullishness has fed the narrative for the meme coin, which is touted to be the next big thing on Ethereum. However, the question remains whether the PEPE price will continue to rise from here if it has reached its peak for this cycle. PEPE Price Still Bullish From Here Despite being down around 30% from its May 27 all-time high of $0.00001718, the PEPE price is still showing bullish tendencies. This could point to a continuation, something that pseudonymous crypto....
Strong ADA accumulation among whales is also in progress, according to on-chain data. Cardano (ADA) price has been rebounding after falling to the worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA's upside retracement could continue in the coming weeks.Can ADA price extend the recovery?ADA's price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022. Specifically, ADA/USD witnessed a bullish rejection as its price fell below $0.75 on Feb. 24, a move that followed a short period of sideways consolidation. It....
Bitcoin’s price is rebounding from a sell-off Tuesday while large ether holders are making moves.