Bitcoin price tipped to consolidate before continuing bull run in 2021
The Bitcoin price could stagnate until early 2021, various on-chain indicators show, as investors could take profit. The Bitcoin price (BTC) reached the $19,400 mark in the past 24 hours, which has served as a critical resistance level since the start of December. However, on-chain indicators show that the dominant cryptocurrency could stagnate or consolidate until early 2021. Although BTC is nearing its all-time high at around $20,000, there are compelling reasons to expect more sideways action.On-chain analysts primarily explore two indicators to gauge the sentiment of an ongoing rally:....
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Bitcoin’s all-time price highs in 2021 have crushed records set in 2017. But that’s not the only way in which this bull run is different. The post Bitcoin 2017 Vs. 2021: How This Bull Run Is Different appeared first on Bitcoin Magazine.
The price of Bitcoin may see its monster rally continue if new technical support levels are confirmed. Bitcoin (BTC) had a tremendous 2020 as the BTC price rallied by 311% in 2020. In the shadows of Bitcoin, Ether (ETH) has also been seeing a fantastic year as Ether’s price rallied by an even bigger 475%. While only five days into the new year, ETH is continuing this trend. Bitcoin vs. Ether January 2021 performance. Source: Digital Assets DataBitcoin breaking new all-time highs above $30,000 has sparked a massive rally fire that is now spilling over to altcoins. However, the question now....
Next month is a classic underperformer for BTC/USD, and judging by the current price action, 2021 is no exception. Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month.Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures.September 2021 looks like a classic for BTCAs Bitcoin matures, it becomes more noticeable that BTC/USD behaves in similar ways during the same month each year.Q4 is the clear standout for top performance, especially in the year following a block....
Bitcoin has undergone yet another rally over the past 24 hours, rallying from yesterday’s lows near $13,300 to highs of $14,250. The coin currently trades for $14,100. A key technical indicator, though, indicates that the cryptocurrency may consolidate as the price action cools down. Bitcoin Primed to Consolidate, Or Even Drop: Key Analysis Shows The chart below was shared by an analyst amid Bitcoin’s latest leg higher. It shows BTC’s price action has recently printed […]
Following strong gains during Wednesday’s session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing.
Bitcoin
Bitcoin saw its price consolidate during Wednesday’s session, following strong gains on Tuesday, which saw BTC rise to multi-month highs.
However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling.
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