Bitcoin price could hit $85K in months as indicators flip bullish — report
On-chain data suggests that Bitcoin is staging a recovery like in December 2018 and March 2020. Bitcoin (BTC) is still below a key moving average and that is "not a bullish sign," says a new report, but signs of a rebound have finally arrived.In its latest market update released on June 11, trading suite Decentrader highlighted three on-chain indicators calling for an imminent bullish continuation for BTC/USD.Indicators echo March 2020 aftermathBitcoin has now spent almost a month below its 200-day moving average (DMA). This is concerning, Decentrader warns, and external factors such as....
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Ether price is struggling despite Bitcoin rising, which may embolden the bears to push the price down below $300 before another major rally can occur. The cryptocurrency market momentum has swung back to Bitcoin (BTC) recently as BTC dominance and trading volumes have been climbing along with its price. In that regard, the primary altcoin indicator, Ether (ETH), has not been doing well as ETH/BTC has dropped 30% in the last two months. Now, many crypto traders are asking when the altcoins will bottom out and start to rally again. Let's take a look at what the charts are showing. Ether....
Bitcoin has seen some profits over today’s trading session as September’s monthly candle is coming to an end. Market participants were expecting a tight battle between bullish and bearish forces, but the cryptocurrency has been moving sideways with slight upward pressure. Related Reading: Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins At the time of writing, Bitcoin (BTC) trades at $19,700 with a 2% and 1% profit over the last 24 hours and 7 days. Other cryptocurrencies in the crypto top 10 by market cap are displaying similar price action, but BTC seems to be....
Despite the recent bitcoin sell off, there are several very bullish on-chain indicators showing HODLers are accumulating through this dip.
Bitcoin has broken out of the range it traded for months and seems well on its way to reclaiming previous highs. Indicators have been turning decisively bullish, as short positions get liquidated with every new level taken by the bulls. At the time of writing, BTC trades at $45,858 with a 2.6% and 14.8% profit in the daily chart. The market capitalization sits at around $860 billion, closer to its previous high north of $1 trillion. After making an upwards move from the lows at $30,000, BTC’s price faced some resistance at $40,000 and $42,000 but was able to turn them into support. The....
A second run on the $42,000 mark comes amid demands for $41,000 to become support to secure bullish continuation. Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support.Friday's unexpected gap upward initially resulted in misgivings over a price....