'Bull market distribution has begun' — 5 things to watch in Bitcoin this week
A charge into the weekly close delights analysts as "Moonvember" looks set to continue — can anything spoil bulls' fun? Bitcoin (BTC) begins a new week with a race towards all-time highs as bulls save the day — and the week — at the last minute.A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000.It is a classic move that has become all too familiar in recent weeks, and attention is now focusing on bullish outcomes once again.With Wall Street still to open, Monday has yet to set the tone for the third week of....
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A headache for Bitcoin bulls is compounded by a raging U.S. dollar, as investors sit on the fence over which way the market will go. Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support.After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice, and has since headed below $57,000 as market momentum wanes.The stakes are high: some believe that sky-high Bitcoin price targets can still be met by the end of the month, while others believe that this bull market will take longer to play out than previous ones. With....
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
Here's a look at what we are focusing on in the bitcoin price this morning. In last night’s bitcoin price watch analysis, we took a look at what had happened throughout the day, and noted that the way price was moving made it pretty tough to maintain a steady strategy during the latter half of the week. Not that we haven’t been able to draw profits from the market – things have been pretty good to us – but that being able to keep things tight from a risk management perspective is a little harder than normal. Anyway, for the final day of the week, we’re going to shuffle things around a....
The price of Bitcoin may see its monster rally continue if new technical support levels are confirmed. Bitcoin (BTC) had a tremendous 2020 as the BTC price rallied by 311% in 2020. In the shadows of Bitcoin, Ether (ETH) has also been seeing a fantastic year as Ether’s price rallied by an even bigger 475%. While only five days into the new year, ETH is continuing this trend. Bitcoin vs. Ether January 2021 performance. Source: Digital Assets DataBitcoin breaking new all-time highs above $30,000 has sparked a massive rally fire that is now spilling over to altcoins. However, the question now....
Bitcoin traders are at odds about where BTC price may head after it failed to flip the $40,000 level to support. The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level. Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend off multiple attempts to flip the $40,000 level to support and defense of this zone continued on July 29 as Bitcoin's stagnant price action and....