Bitcoin Price Nutmegs the $400 level - $416 is Happening!!!!
Bitcoin price has just scored a high of $412.41 on Bitstamp less than an hour ago. As we predicted yesterday, the new bullish wave is continuing to control the market and is pushing bitcoin price steadily towards the next resistance level at $416. Predicting Possible Price Correction Thresholds: Via studying the 1 hour (BTC/USD) from Bitstamp (look at the below chart), plotting the 20, 50 and 100 EMAs and executing a Fibonacci resistance fan that spans between the low scored on the 22th of October ($266) and the high scored earlier today ($412.41), we can notice the following: The price is....
Related News
Though the bitcoin price is bringing the overall sentiment down, many exciting things are happening in Bitcoin that will make this price drop temporary.
Something quiet is happening on the XRP Ledger. What is happening instead is the kind of institutional movement that is quietly deploying capital onto the Ledger, targeting the US Treasury debt, one of the largest and most stable markets in global finance. The numbers are still small, but the structure behind them points to something […]
After falling below $3, the XRP price looks to be entering into another triangle setup that could ultimately end up in a breakout. This formation on the 4-Hour chart began back in the month of July and could be headed to a natural close in the next few weeks, especially as sellers look to be tiring out at this level. The Support Level To Watch For XRP Pseudonymous crypto analyst TheSignalyst pointed to an interesting formation on the XRP price chart amid the descent into bearish territory. This is the formation of what the analyst has referred to as the “perfect triangle” setup, with the....
Bitcoin’s price has not formed a medium-term trend. Such behavior only makes the environment more strained for the traders who are currently holding on their medium-term positions. All that can result in a strong movement. Which direction will Bitcoin choose? The rebounds which are currently happening near the key level of $428 indicate the lack of people who are willing to bet on further growth. The most likely explanation is that the traders are closing their positions whenever the price nears that resistance line. Doubts about the medium-term trend are prevailing over the traders who....
The Cardano price has been a poor indicator of the positive momentum injected into the cryptocurrency market over the past week. Despite most large-cap altcoins surging on the back of easing macroeconomic pressure, the ADA token has barely been able to stage a sustained rally above the $0.26 level. However, a popular analyst on the social media platform X has identified a pattern that suggests that the Cardano price could be at a bottom, potentially seeing a rebound to a new high over the coming months. This optimistic outlook projects the altcoin’s value growing up to 200% in a....