Bitcoin Price Bulls Stirring
Bitcoin price is edging higher as Gold is whip-sawing near its 2016 highs. With Classic(TM) looking to be heading the same way as XT, the market may feel renewed confidence in the integrity of Bitcoin. Today’s analysis proposes a few technical confirmations that should be observed before betting on the upside. The general mode of trade appears to be using the MAs as support for slow upward progress. The 1-hour chart MAs (not shown) seem to have an xbt.social buy signal forming, but before we prepare to trade to the upside, let’s remember yesterday’s illustration of how the market is....
Related News
The meme coin market is getting hotter by the hour – and it’s about as predictable as a cat on catnip. Dogecoin, the granddaddy of all meme coins, just smashed a major resistance trendline, stirring up serious chatter about a breakout above $1. Meanwhile, the world of politics and memes is colliding in ways nobody […]
Crypto markets are on shaky ground right now, with the latest pullback stirring fresh talk of a wider crash. The Fear & Greed Index sits at 40, a level that screams caution but also hints at plenty of room for upside if sentiment flips. Historically, these oversold zones often lay the groundwork for the next […]
Elon Musk, the CEO of Tesla and SpaceX and one of the most influential crypto proponents, recently bought Twitter for $44 billion, stirring up a lot of debates and opinions across the internet. There’s considerable speculation surrounding Musk’s intentions for Twitter. While nothing is certain, we do know that changes often impact a lot of […]
Ethereum has seen some intensely bullish price action throughout the past couple of days, with bulls sparking a massive upside movement as the cryptocurrency rallies against BTC Where it trends in the short-term should depend largely on whether or not bulls can close a high time frame candle around its current price levels This would […]
A video clip from a Detroit event has been stirring discussion across social media platforms, showing Grammy-nominated rapper Big Sean urging his audience to take a chance on cryptocurrencies. The moment occurred at the Stand With Crypto event in Michigan for its digital asset community, where Big Sean delivered an energetic show. However, a call […]