Bitcoin Poised For Bullish Breakout—But Only If This Key Condition Is Met
Bitcoin traded as high as $73,000 following a 9% price rally in the past week. However, the broader market suggests the leading cryptocurrency is still stuck in a bear phase that’s been dragging on for more than six months. Interestingly, historical data suggest that recent price movement could trigger a significant bullish rebound, providing investors with a mid-term to long-term relief period. Related Reading: Bitcoin On The Brink: One Move Could Trigger A Massive Shift Bitcoin Nears Key Support Level As Bulls Eye Historical Recovery Run In an X post on April 11, renowned analyst Ali....
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Ethereum is witnessing renewed optimism and interest from investors as the digital asset rides the bullish wave, caused by a positive market condition. Given the notable price growth observed in the past few days, there are speculations that the upward trend may extend to higher levels in the short term. Bullish Tailwinds Bolster Ethereum’s Price […]
$60,000 may soon go the way of $20,000, Filbfilb believes, but a potential sell-off around the Coinbase IPO means April could yet spark problems for bulls. Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off.In his latest market update on Friday, Filbfilb, co-founder of trading suite DecenTrader, said that he now expects upside to take over on BTC/USD.BTC/USD 1-day candle chart (Bitstamp). Source: TradingviewBTC “threatening a breakout”Bitcoin has recovered from its flash crash earlier in the week and briefly hit....
The XRP price has been characterized by bullish predictions throughout this month. Crypto analysts have put forward countless analyses about why the altcoin is poised for a massive rally. Another analyst has joined the ranks of the bullish, putting the XRP price as high as $250. Here’s When The XRP Price Will Get To $250 […]
Crypto analyst Cryptokijker has revealed that the Dogecoin price is poised for a breakout amid massive whales’ accumulation. The analyst also revealed the price targets that DOGE could reach following this breakout. Dogecoin Price Poised For Breakout Above $0.17 In a TradingView post, Cryptokijker predicted that the Dogecoin price is poised for a breakout above $0.1790. The analyst revealed that the targets on this potential breakout are $0.1840 and $0.1920. He noted that the price at this level is showing a neutral-bullish structure after the recent breakout above the Previous Day Low....
This week, bitcoin found resistance around 262 and formed a head and shoulders with a neckline around 256. After the breakout, there was a period of consolidation, where we saw bulls fail to reach back to the shoulder level around 260. Instead, after a session of consolidation, price fell sharply during the April 8th session. As we enter the April 9th session, btcusd looks poised to continue a bearish trend. Bitcoin (BTCUSD) 1H Chart April 9. The 1H chart shows that price fell sharply after confirming the head and shoulders top, it is now under the cluster of 200-, 100-, and 50-hour SMAs.....