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....
Crypto analyst Dom has revealed that four Bitcoin indicators that signalled the start of previous rallies have turned bullish again. This comes as BTC extends its decline, crashing below $90,000 for the first time in seven months. Four Bitcoin Indicators Turn Bullish Amid Market Crash In an X post, Dom revealed that four indicators on Hyblock have started flashing bullish, and that these were the same setups that occurred during the last two major reversals. Specifically, he mentioned that these indicators pinpointed the $8,000 bounce in Bitcoin’s price last week, and they have now....
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.
Data shows the Bitcoin Options 25 Delta Skew has seen a bullish flip, a sign that the traders may be expecting a price rebound. Bitcoin Options 25 Delta Skew Suggests Traders Are Positioning For Upside As pointed out by the analytics firm Glassnode in a new post on X, the Options 25 Delta Skew has […]