Five Bitcoin Price Charts That Suggest Bulls Have Little To Fear
Bitcoin price is back at $50,000 and until either support at $30,000 is broken to the downside or a new all-time high is set, the direction of the market won’t be as distinguishable. Fundamentally, the network continues to grow, and sentiment remains high surrounding the cryptocurrency space. Better yet for bulls, here are five outrageously bullish charts filled with technical signals that suggest that bulls have very little fear about what could come in the months ahead. Five Bitcoin Price Charts Supporting New ATHs Weekly RSI is holding in the bull zone | Source: BTCUSD on....
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The bitcoin price has slumped again. Following our previous price piece, bitcoin dropped by $6 and is hovering around $575 at press time. However, some signs suggest that the bulls may soon be returning, putting bitcoin back on an upward path. It’s depressing at first, but most analysts believe that the bitcoin drop may finally be coming to an end. One particular source suggests that present charts are relatively mixed, and while they don’t offer serious answers, the one-day chart has “stopped declining and is even slowly turning up in some exchange charts. Hopefully, this means that we....
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Bitcoin and altcoins are facing profit-booking after the recent relief rally, but charts suggest that a revisit to recent swing lows could be in store. Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode. This was the first time in history that the Mayer Multiple slipped below the previous cycle’s low. Bitcoin’s fall below $20,000 on June 18 also marked the biggest loss ever booked by investors in a single day at $4.23 billion. Considering the above factors and a few other events, Glassnode believes that the capitulation in....
Yesterday's final analysis post identified a set-up for another wave of advance. Bitcoin price action, since, has confirmed the potential move - and it is, apparently, now underway. 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: 14h54 UTC. BTC-China 4-Hour Chart. From the analysis pages of xbt.social, earlier today: The chart, above, is a 4hr BTC-China chart, but the price pattern is consistent across eight of the most popular exchange....