Bitcoin slides under $39K, leading some traders to forecast a weekend ‘overso...
Traders look for a weekend oversold bounce after BTC price sold-off and hit an intraday low at $38,750. March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a wave of selling in the afternoon dropped the price of BTC below $39,100. BTC/USDT 1-day chart. Source: TradingViewHere’s a look at....
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Bitcoin had a super-depressive weekend session as traders decided to secure the profits off its Coinbase-led market rally, but all is not lost for the flagship cryptocurrency yet. Bullish traders showed remarkable resistance against the declines in the BTC/USD exchange rates. In retrospect, the weekend crash came as a part of a broader downside correction […]
Now, Bitcoin trades above $55,000 following a modest downside correction from its weekend top of $56,640 (data from Coinbase).
The past week has been an eventful one for crypto traders, regardless of whether they were making profits or losses off the market. Over the weekend, the crypto market had seen some dramatic weekend, and as another trading week opens up, short traders have drawn the ‘short’ stick once more. Losses Reach $180 Million Over the last day, losses have ramped up in the market as the recovery trend has continued. It had first begun toward the end of last week when bitcoin had made a remarkable recovery above $20,000, pulling the rest of the crypto market up with it. Short traders had promptly....
Bitcoin rose during the weekend and continued trading upwards on Monday as traders weighed its bullish prospects against a tanking US dollar.
I think even any remaining sceptics can likely agree with what I have been saying on this page for the last week, i.e., that lower prices were coming before higher prices. Now I would like to try to answer the question of when the most likely time to reach the bottom might be. To do that, I used a Fibonacci accordion to measure time ratios across a 5-hour chart. If any of you do not know what a Fibonacci accordion is, you owe it to yourself to do some research. It is a powerful tool to forecast likely high energy time frames in the future, as well as price support and resistance. IMHO it....