Buckle Up: Here Is Why Bitcoin Might Just Be Gearing Up For a 200% Surge
Amid the current Bitcoin market performance suggesting signs of a rebound, prominent crypto analyst Wise Advice has highlighted a critical indicator in Bitcoin’s trading pattern. Bollinger Bands Signal 200% Bitcoin Surge According to the analyst, the Bitcoin weekly Bollinger Band, a statistical chart characterizing the prices and volatility over time, has shrunk to its second-lowest width in six years. Traditionally, such contraction has been a precursor to substantial price movements. Related Reading: Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s....
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Spencer Rascoff, CEO of online real estate database Zillow, has announced to his 20,290 Twitter followers that he is coming round to the idea of bitcoin. The entrepreneur indicated yesterday that he was gearing up to embrace digital currencies. Thx to @brian_armstrong for the @coinbase tutorial. I'm reconsidering my skepticism on Bitcoin. cc @SaraEisen. - Spencer Rascoff (@spencerrascoff) March 10, 2014. A tweet today from the Harvard graduate confirmed he had taken the plunge and invested in some bitcoins: Bought some bitcoin this morning. Buckle up. - Spencer Rascoff (@spencerrascoff)....
Yearn.finance’s YFI token has been consolidating within the mid-$20,000 region throughout the past few weeks, with its recent parabolic surge from lows of $7,500 getting slightly overheated after it approached $30,000. It has since been consolidating and is now gearing up for another bout of volatility as its trading range grows narrower by the day. […]
Bitcoin’s price has been consolidating in the time following its strong surge up to highs of $11,400 The cryptocurrency has yet to revert any of these gains and appears to be gearing up for another big push higher Where the market trends next will likely depend on BTC, as it has been firmly guiding the altcoin crypto market One analyst is now noting that Bitcoin could soon see a move to over $14,000, but he […]
Ethereum has been seriously underperforming Bitcoin over the past few weeks, which comes as most altcoins lose significant value against BTC ETH has seen a few sharp rises that have helped it to buck this trend and gain some ground against BTC However, it has still been generally unable to keep up with Bitcoin’s massive momentum This trend may not last for long, however, as one analyst is now pointing to a few factors that […]
Recent trading patterns have led QCP Capital, a prominent trading firm, to highlight potential signs of a market bottom in the crypto market. Bitcoin, the leading digital currency, recently dipped below $58,000, causing analysts to focus on the behavior of miners and their possible capitulation. Such capitulation could indicate a market bottom, similar to past market cycles. In 2022, a parallel hash rate drop saw Bitcoin prices plummet to $17,000, suggesting a recurring theme that could signal an upcoming rebound. Related Reading: Buckle Up: Here Is Why Bitcoin Might Just Be Gearing Up For....