Bitcoin Block Channel Reveals $400,000 Price Target – Details
The Bitcoin market continues to witness an intense price correction in line with broader crypto market movement. In the past week, the premier cryptocurrency recorded another 10% price decline, trading as low as $80,800, before experiencing a modest bounce. Bitcoin now stands 32.79% below its all-time high, with distribution taking preference over accumulation for most investors. However, popular analyst Gert Van Lagen has unveiled an on-chain trend that postulates an impending revival of the bull market. Related Reading: Saylor’s Strategy Under Threat: Index Status At Risk With $8....
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The Bitcoin price recently closed above the median in a bull channel, providing a bullish outlook for the flagship crypto. In line with this, crypto analyst Tony Severino provided insights into what could come next for Bitcoin. What Next For Price After Close Above Bull Channel In an X post, Tony Severino mentioned that the Bitcoin price is now retesting the median in the bull channel, with an evening star pattern forming on the chart, which hints at a potential reversal. He noted that Bitcoin is fighting to stay above the $96,000 range, which could invalidate this sell signal. Related....
Earlier today we published a piece that outlined the ascending triangle within which the bitcoin price was trading. We noted that - if we could get a close above the triangle's upper channel - it would validate the pattern and suggest a bullish reversal, adhering to classical technical charting rules. Around midday we did get this break, and instantly got a run towards our target. However, we met resistance around the 240 level, and corrected back down towards the upper channel. We have now bounced once again from this level, suggesting we are experiencing a textbook break and retest. So,....
Potcoin Price Key Highlights. Potcoin price continued to nosedive as sellers remained in control taking the price further lower. The price reached our final sell target of 0.00000200BTC where buyers are putting up a fight. There was a channel break noted on the hourly chart, and its support is now acting as a resistance. Potcoin price fell further and reached our final sell target of 0.00000200BTC where sellers might step back for some time. TP Hit, What's next? Our idea of more downsides worked for the Potcoin price, as it continued to move lower and even broke the last low of....
Bitcoin Price advanced to just a few dollars short of our $260 target while BTC-China exceeded the target to 1,575 CNY earlier today. The topping process of the current advancing wave may print one more high in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 11h10 UTC. BTC-China 1-Hour Chart. Analysis quoted from xbt.social earlier today: BTC-China has reached the top of the channel formed by the advancing wave. This price level also corresponds to a 1.618 extension of wave A which is a....
Bitcoin is still seeing an impressive run but speculations on where the asset is headed next are running wild. A crypto analyst has shared their own expectations for the leading cryptocurrency, considering both sides of the coin and the possible price marks it can achieve. Bitcoin Price Gunning For $40,000 In an extensive analysis, crypto analyst and trader FieryTrading has mapped out how the Bitcoin price could reach $40,000. The analysis which was posted on TradingView starting November 8 points out the fact that the BTC price has continued to trade in a tight bullish channel since....