Bitcoin Price At Pivotal Point, Which Comes First: $25,000 Or $30,000?
For the seventh time in the last three weeks, Bitcoin has been rejected at the resistance area of $28,600. Analysts are therefore divided on whether the Bitcoin price is on the verge of another capitulation or whether the bears are running out of steam and the breakout above $30,000 is finally coming. Bitcoin Price On the Verge Of A Breakout? In their latest analysis, Jan Happel and Yann Allemann, co-founders of Glassnode, note that Bitcoin remains unwilling to break out to the upside or break down. According to the two experts, the consolidation poses the risk that Bitcoin will dip....
Bitcoin has entered no man’s land as it fails to pass $11,000 but is holding the low-$10,000s. The coin now trades at $10,900 as of this article’s writing, again below the aoforementioned support. Bitcoin actually may be in a positive spot, though, as it managed to hold a pivotal technical level of macro importance. Bitcoin Holds Pivotal Macro Support Level To some market participants, Bitcoin’s price action over recent weeks has been purely bearish. After […]
Bitcoin price is facing a historically volatile quarter, that’s in the past taken the cryptocurrency to either its annual top or bottom the last few years in a row. But this quarterly close is especially pivotal, due to one important but likely overlooked resistance level. How the cryptocurrency closes in less than 48 hours could […]
Bitcoin is forming a pivotal buying signal after weeks of consolidation. The cryptocurrency pushed higher over the past 10 days, which allowed this indicator to trend higher to form the buying signal seen today. Bitcoin Prints Pivotal Ichimoku Cloud Crossover Josh Olszewicz, a crypto-asset analyst, recently noted that the cryptocurrency formed a bullish TK Cross as per the Ichimoku Cloud indicator. The indicator is a multi-faceted indicator that shows important price levels along with the […]
XRP underwent an extremely strong rally at the end of November. The cryptocurrency, as many remember, surged around 100% in the span of three days amid one of the most rapid bouts of price action in a high-cap crypto-asset since the 2017 rally. At one point, the market became so disjointed and volatile that XRP […]
Bitcoin price ended last week with a sharp, $3,000 decline, but the leading cryptocurrency by market cap is already right back where it left off, nearly retesting above $19,000 and setting a new all-time high. Even if the cryptocurrency pulls back again before the clock strikes 7:00 PM ET, the chances of a pivotal November close outside of the Bollinger Bands remain high. Here’s why this is so important, and what this might mean for […]