Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”
Bitcoin price is back at nearly $57,000 and is less than $10,000 away from a new setting a new all-time high and heading back into price discovery mode. It is also moments away from re-entering the RSI bull zone, which in the past has led to cryptocurrency cycle climaxes and a bear market to follow. Here is a closer look and what to watch for. Bitcoin Price Readies Aggressive RSI “Bull Zone” Reentry Bitcoin price action doesn’t behave like other assets. Its speculative nature helps it to follow technical analysis well, but remains highly volatile. But in some cases, when....
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The bulls are back in control after a brief drop in the price of Bitcoin. The first cryptocurrency by market cap trades north of $57,000 with a 2.5% and 11.1% profit in the daily and weekly charts, respectively. The general sentiment in the markets it’s bullish, as operators and traders expect Bitcoin to fulfill its historical performance. BTC’s price usually tends to trend to the upside as the year comes to an end. Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone” Bitcoin is trading less than $10,000 away from its all-time high at $64,870 and it could....
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Bitcoin’s latest price action has given bearish analysts more reason to argue that the cryptocurrency is still moving through a deeper correction. Bitcoin has fallen back to $70,000, and selling pressure is building after another failed attempt to hold higher levels. Crypto analyst Crypto Lens has warned that Bitcoin may still need one final move lower to $42,000 before a new bull run back to new all-time highs above $126,000 can begin. Bitcoin Is Still Inside A Bull Trap Technical analysis of Bitcoin’s price action is predicting a bearish outlook during a tense moment for the....
The XRP price is showing signs of a strong comeback, according to a new technical analysis by TradingView crypto analyst ‘The Signalyst.’ The cryptocurrency is trading within a rising channel and quickly approaching a key support zone—a setup that indicates that bulls may be preparing for a higher leg up. XRP Price Gets Back In […]
Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self. Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off […]