Is Bitcoin Destined for a 2016-Style Breakout? Charts Suggest A Q4 Target of ...
Bitcoin (BTC) is navigating through a storm of fear and uncertainty, with recent volatile price action causing significant shakeouts among traders and investors. Since August 24, BTC has experienced a sharp retrace of over 12%, plunging below the $60,000 mark—a crucial psychological level that often serves as a pivot point for both price action and […]
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Bitcoin price is stuck in consolidation on its short-term time frames but could be poised for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price has been treading sideways recently and has formed a symmetrical triangle formation on its 15-minute chart. A breakout could be due sooner or later since price is approaching the triangle’s peak. Technical indicators are giving mixed signals on this time frame but longer-term charts suggest that the uptrend could remain intact. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA on this chart so the path of least....
Ether is forming classic bullish patterns against the greenback and its top crypto rival on shorter-timeframe charts. Ethereum's native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September.ETH price chart bullish setupThe bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a "falling wedge" pattern with a profit target sitting around 30% above the current prices. Meanwhile, the ETH/BTC chart is painting a....
Dogecoin is making waves once again, with bulls stepping up after a key trendline breakout that could ignite a fresh rally. Following a period of sideways movement, the momentum has shifted in favor of buyers, who now have their sights set on the $0.1293 target. This breakout could mark the beginning of a significant uptrend, […]
Bitcoin price is slowly advancing after hitting $235 and 1440 CNY in an xbt.social forecasted breakout. 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: 14h18 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: Up close to the BTC-e chart and the continuing consolidation. This is not the price pattern that we're used to seeing during consolidation prior....
The bullish setup emerges as Monero gears up to undergo a major hard fork in July 2022. Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months.Falling wedge breakout underwayNotably, XMR's price broke out of its "falling wedge" structure in late March. It continued its move upside in the later daily sessions, with rising volumes indicating bullish sentiment among Monero traders.Traditional analysts....