Bitcoin Just Posted an Ultra-Bullish Weekly Close; Here’s Where It May Go Next
Bitcoin saw a notable influx of buying pressure yesterday that helped send its price rocketing towards $11,000 The strength of this movement was notable, and BTC has yet to surrender any of its recent gains to sellers Despite the technical strength currently being expressed by Bitcoin, it is imperative to note that it remains caught within its mid-term range This trading range has been formed between $10,200 and $11,200 One analyst is now noting that […]
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Bitcoin’s price has been sliding lower throughout the past few hours due to its stalling momentum This decline is occurring directly following an incredibly bullish weekly candle close posted by the cryptocurrency Analysts believe that this close will provide it with some serious strength going forward, potentially putting a firm end to its recent downtrend It is important to note that there is a CME gap that exists around $11,100, which may act as a […]
In this episode of NewsBTC’s daily technical analysis videos, we take a closer look at a variety of bullish signals in Bitcoin that fired with the most recent weekly open. However, the cryptocurrency market isn’t out of the woods, as this week must confirm the signals with a strong close. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 12, 2022 Last night we had a weekly close in Bitcoin and have already added nearly 3% on top of around 16% from the lows swept during last week’s candle. As a result of the move, several bullish signals have....
Bitcoin price is back at levels from earlier in the year, but has yet to set a new all-time high. Last night’s weekly candle close still came with a new broken record for price: the highest weekly candle close in the cryptocurrency’s history. Will the bullish weekly close lead to new highs? If so, will this be the culmination of the bull run? And if not, does that mean a bear market instead? A new record has been set | Source: BTCUSD on TradingView.com Bitcoin Price Sets New Record For Highest Weekly Close Ever According to TradingView’s BTCUSD Index, the weekly....
Bitcoin is about to see its next weekly candle close, one that analysts say will be critical. One trader highlighted how this candle will most likely mark Bitcoin’s highest weekly candle since the blow-off top seen at the end of 2017 and start of 2018. The Importance of Bitcoin’s Upcoming Close Bitcoin is about to see its next weekly candle close. In the coming hours, the leading cryptocurrency will print its latest weekly candle. Analysts […]
Bitcoin price is currently in a bullish trend against the US Dollar, and it looks like the BTC/USD pair may trade further higher this week. Key Points. Bitcoin price surged higher this past week versus the US Dollar to register a close above the $635 resistance. There is a flag pattern forming on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which may ignite another rally. The price may break the recent high of $647 to challenge the $650 level moving ahead. Bitcoin Price Buy Dips. In the last weekly analysis, I stated that Bitcoin is a good buy on the dips against the US Dollar....