Bitcoin $60K resistance hints at 'buy the dip opportunity' before all-time hi...
Bid and ask levels are flipping bullish as BTC/USD heads towards $60,000, data shows. Bitcoin (BTC) liquidity is changing — and it could mean that hodlers will get a fresh “buy the dip” opportunity.As noted by on-chain analyst Material Scientist on Oct. 12, orderbook movements are now repeating behavior from August. Orderbook data boosts bull caseWhat was Bitcoin’s initial “renaissance” month after hitting mid-cycle lows of $29,000, August encouraged bullish perspectives to return before a sideways September entered.October, or “Uptober,” has since taken the mood back to bullish, and....
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Chainlink was among the first cryptocurrency to set a new all-time high in 2020, but given its absence during the 2017 peak was facing different circumstances and no overhead resistance. The altcoin was nearly unaffected entirely by the bear market over the last couple of years, breaking record after record. However, a massive bearish divergence […]
Here's a look at what we are focusing on in the bitcoin price this morning. We are heading in to the close of the week, and it’s time to take a penultimate look at the bitcoin price. Things have been pretty volatile for the last few days, and we’ve had the opportunity to get in and out of the markets on a number of occasions. We got another opportunity overnight, as price broke through the level we had slated as in term resistance and quickly ran up through to our target. We entered on the close above resistance, as per the rules of our intraday breakout strategy, and managed to get out....
In a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart, signaling the potential for substantial gains. The pattern, which is characterized by a ‘cup’ resembling a rounding bottom and a ‘handle’ indicating a slight downward drift, suggests a continuation of an upward trend. Dark Defender notes, “XRP formed a cup & handle pattern in the daily time frame. We set targets for $1.05 & $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also blinking XRP to reach the....
Rectifying this situation will not be an easy feat either. Further devaluing the Yuan seems the only plausible scenario, although it is impossible to predict the outcome. The recent Bitcoin price surge is mostly driven by Chinese traders. Increasing fear of capital outflows and the ongoing Yuan devaluation make Bitcoin a viable alternative investment opportunity. It is evident the Chinese government is running out of ideas to stabilize the economy. In fact, it appears the Yuan will continue to slide down a slippery slope. To be more precise, it seems the increasing Bitcoin demand hints at....
Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,480 and $3,520 resistance levels to continue higher. Ethereum Price Recovers Slightly Ethereum price started a decent recovery wave above the $3,350....