Despite The Bitcoin Price Dip, This Week Was Incredibly Bullish
Despite the bitcoin price dipping a bit, this week some some incredibly bullish headlines.I know that this advice is easier said than done, but don’t get distracted by the price of bitcoin. We closed last Friday at $56,000 and saw the price reach and all-time high over the weekend, yet the market decided to pull back. This is a feature, not a bug. Remember that bitcoin is a mature asset and the market is in price discovery mode 24/7. If you look beyond the charts and read the headlines from this week, you would think a dramatic price rise would be taking place. Tuesday,....
Related News
U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundation’s Bitcoin and the American Experiment event Monday. He began: I gotta say when it comes to bitcoin, when it comes....
Bitcoin (BTC) is showing strikingly bullish patterns as its price hovers around the $97,000 mark. Technical analysis points to a rare symmetry in Bitcoin’s price action, comparing the pioneer cryptocurrency to past trends and predicting a sharp move to new all-time highs. Bitcoin Price Action Mirrors Bullish Symmetry Patterns A detailed Bitcoin price analysis by […]
One crypto analyst has come forward with another incredibly bullish price prediction for the XRP price. This time around, the analyst is going for the double-digit price level, putting the asset’s price at close to $30 at its peak. Elliot Wave Theory Predicts Over 5,000% Increase Crypto analyst Egrag Crypto is not new to making […]
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s it – the end of the week is here. On this side of the screen, the week has gone incredibly fast. Things have gone a bit slow prior to this week, probably because of the sideways action seen in the bitcoin price and the lack of any real entries that this has afforded us. This week has been a bit different, and as such, it’s been a bit of a whirlwind week. Those familiar with our intraday strategy will be more than familiar with the way we operate. Short term scalp entries on breakouts (primarily,....
Ethereum saw an incredibly intense decline yesterday that sent its price plunging to fresh multi-week lows This selloff came about in tandem with the flash crash seen by the entire altcoin market, which may have come about due to XRP’s 50%+ one-day decline Other major altcoins – like Chainlink – posted massive losses that resulted in deep downwards wicks on their candle charts, likely due to on-chain short liquidations ETH is now in the process […]