Is This the Final Shakeout Before Bitcoin’s Next Big Move? Analysts Break It ...
Bitcoin’s recent price action has shown signs of stagnation, with the asset hovering around the $84,000 mark after rebounding above it earlier this week. As of the time of writing, BTC is trading at $84,449, down 0.7% in the past 24 hours. Despite recovering from previous corrections, the price has struggled to break through the current resistance level, signaling weak buying momentum and cautious sentiment among traders. Related Reading: Bitcoin At $1 Million? BPI Says One US Move Could Make It Happen Bitcoin STH-SOPR and Realized Price Indicate Capitulation The current phase of....
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The Bitcoin market has seen some consolidation since Monday, maintaining a price above the $56,000 mark after a brief drop from $65,000 to around $52,600 last Friday. However, one analyst suggests that the bearish sentiment may still be ongoing, with expectations of a potential revisit to lower levels before a significant upward movement. BTC’s Future Price Action In Focus Crypto analysts known as “VirtualBacon” on X (formerly Twitter) have raised concerns about an impending “huge Bitcoin shakeout.” In the coming 2-3 weeks, the analyst explains that Bitcoin could experience one last....
Bitcoin is very close to new all-time highs once again but the final hurdle may take some time to overcome. Bitcoin’s (BTC) price has so far failed to make new all-time highs above $60,000 this week. After the breakout above $58,000, negative news from India, as well as general macroeconomic weakness and rebounding U.S. dollar, appear to have halted the rally. This resulted in a pullback toward $53,000 on March 16. Such a move is normal as the bull market typically moves in waves. In other words, the market will find a new equilibrium of buyers and sellers, after which it will decide where....
Ethereum has undergone a strong surge over recent days that has brought it from the $360 range to highs of $420. Analysts say that it will undergo a macro move higher once it manages to flip $500 into support. Ethereum Set to Break Dramatically Higher Once It Holds $500: Analyst The cryptocurrency is currently positioning to move higher as it holds the $390-400 region. As reported by Bitcoinist previously, analysts say that if the coin […]
A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake....
8% daily losses are painful for longs but no problem for still bullish analysts. Bitcoin (BTC) extended its slide on Nov. 16 as BTC price action returned to test $60,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin finally closes large CME gapData from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down 8% from Monday's local highs above $66,000.Bouncing at $60,350 on Bitstamp, the pair nonetheless traded at its lowest since Nov. 6. As leveraged traders felt the pain, optimism remained that the "shakeout" of positions on derivatives exchanges was....