Sell Signal Last Formed Prior to March Bitcoin Crash Is Inching Closer
Bitcoin has been in a strong rally since the March lows. The coin moved from $3,500 at those lows to around $12,500 at the local highs. Unfortunately for bulls, a crucial sell signal is on the verge of appearing that may mark a medium-term top for Bitcoin. The indicator last formed just prior to the March capitulation crash. Bitcoin Could Soon Undergo Retracement: Trend Indicator Shows Bitcoin has undergone a strong rally since the March […]
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Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the […]
Bitcoin has undergone a strong rally over the past 10 days, moving from $10,400 to a high near $11,750. As of this article’s writing, the coin trades for $11,400, far above those lows but still below those highs. While some see this price action as consolidation before another thrust higher, Bitcoin has formed a strong […]
Bitcoin dived by as much as 16.33 percent on Monday, almost inching closer to log its worst single-day performance since March 202o.
Last week's rally had been fast and furious, with a lot of burning rubber and little chart distance. As quickly as it had completed the last push toward $300, it gave up almost half of the progress in a sell-off. The bulls have cooled down somewhat and are now looking for shelter further down the hill. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h42 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today:....
Bitcoin is inching closer and closer to the coveted $30,000 region, with this long being a target looked upon by investors Because this level has psychological significance, there’s a strong possibility that it will hold as resistance and may be a difficult hurdle for bulls to overcome There is a strong possibility that a clean […]