Traders speculate that Bitcoin’s price may continue to trade sideways for now
CryptoWendyO and Cheds weigh in on where Bitcoin's price could head next. Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset's trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter. “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].”She added:“From there I would be cautious as rejection could lead back to the $50K -$45K range. A break down there could be a swift wick to $42-38K with a glorious recovery.....
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BTC price trades below key resistance as prices get rejected under daily EMA. BTC’s monthly candle closes with so many mixed feelings ahead of October. The price of BTC must close above $21,500 to renew bullish sentiments. The price action of Bitcoin (BTC) continues to toil with the emotions of traders and investors as it moves in an indecisive and uncertain fashion. Traders continue to speculate about what Bitcoin (BTC) holds for this new month of October. The price action and movements of Bitcoin (BTC) continue in its choppy, leaving most traders at loose ends due to an....
Bitcoin price action is currently confusing crypto traders and analysts and the reaction after reaching a new all-time is not what anyone expected. The leading cryptocurrency by market cap was thought to explode once a new high was made, but instead, another up to six months of sideways could bring max pain to eager investors […]
Bitcoin price exhibited sideways movement as we approach the $200 support level. Although chart analysis is in favor of a price advance in the near future, low trading volumes and uncertainty of traders has led to today's sideways price movement. By looking at the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below chart), we can notice the sideways movement of bitcoin price during today's trading hours. The price seemed to oscillate between $220 and $230 without a definable trend. The low trading volume today reflects uncertainty of a large percentage of traders who....
After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum. Bitcoin (BTC) price plunged by about $3,400 in an hour, warning traders that corrections during a parabolic move are likely to be sharp. Data from Glassnode shows that the fall resulted in the liquidation of Bitcoin futures long positions worth about $190 million on Binance within an hour, the largest to date.In a strong uptrend, corrections are swift but short-lived because investors who expect the rally to continue use the dips to buy.Binance....
The Bitcoin price is right now between two important resistance levels. The further trend will be decided by the traders who win the advantage. The price structure is ready for movement into both directions. Until the fortification and formation of the third wave happens, there is but one option - sideways or flat movement. The BTCUSD price will bounce off the key resistance lines, as it did the day before. This situation indicates uncertainty among traders. There is no overwhelming majority that could drive Bitcoin’s price in either direction.