Bitcoin price may bottom at $15.5K if it retests this lifetime historical sup...
The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests. Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself.That was according to new analysis released on May 24, which studied Bitcoin's interaction with its 200-week moving average (WMA).Bitcoin floor target could be between $15,500 and $19,000In a Twitter thread, popular trader and analyst Rekt Capital explained how BTC/USD could behave should it fall to retest the 200WMA.A lifeline throughout Bitcoin's history, the 200WMA....
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On-chain data shows the percentage of the Bitcoin supply aged between one week and one month old has now declined to the historical bottom zone. Only 3.8% Of The Total Bitcoin Supply Is Now In The 1 Week To 1 Month Old Bracket As pointed out by an analyst in a CryptoQuant post, short-term buying […]
A reading of the historical data paints a promising picture for Bitcoin's potential growth in 2021. Analysis of Bitcoin (BTC) price action dating back to 2011 suggests the coin price could next top out somewhere between $75,000 and $306,000, research from Kraken shows.Based on one reading of a logarithmic growth curve that connects historical tops and bottoms, a coin price of $75,000 would signal Bitcoin’s entry into overbought territory, marking the end of its current bull run.“Based on previous cycles, Bitcoin could likely continue appreciating gradually in price before ultimately going....
Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says. Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms.Death cross BTC price target now $22,700Much debate has surrounded the so-called "death cross" constructions on the Bitcoin chart. These involve the declining 50-period moving average (50MA)....
It's all about two moving averages crossing over as proof that BTC price action is done with the dip. Bitcoin (BTC) is due to give a definitive signal that a macro bottom is in this month, one analyst has concluded.In a Twitter thread on July 6, popular commentator Wolf eyed key moving average data as proof that BTC price action will not be going lower.Key chart crossover eyed as end to bear market lossesAmid repeated calls for BTC/USD to revisit levels not seen since Q4 2020, one simple historical trend is now saying that the pair has already seen its latest macro lows.Analyzing the 3-day....
Litecoin painfully and slowly tracks the Bitcoin correction. There was a strong reduction of the Litecoin price to $3.40 - $3.50; the exchange rate of 0.008 was not maintained, and Litecoin promptly slid to 0.0077 and lower. When will this movement stop? At the level of 0.0075 or maybe at the historical level of 0.006? The DASH price seeks to break free of its local bottom, which became even lower recently at 0.00558. Buy orders below this level are interesting; a long-term reduction of the price to a bottom of 0.0056 will provide an opportunity to interrupt this down-trend.