Bitcoin Long-Term Metrics Point To A Different Scenario Than 2019 Fakeout: To...

Ether price finished its price correction. Ether course continued its growth at $10.2 without any down reversal. At the moment the price is at its highest peak. At this point, the long-term direction will be defined. 3 possible course of events with $11.5 level. Breakout and downtrend reversal. Beneficial for:the sellers. They will be gaining profit from it in the long-term because this is the crossing point for the most technical indicators. We saw how influential $11.5 price was earlier this January. The first scenario is that there will be a breakout from the $11.5 price. At the same....

Predicting the bitcoin bottom is something that is done with much fervor by investors in the space since it often means more profit if they can accurately catch the bottom. It often proves to be a difficult task but using blockchain metrics can provide some guidance. Presently, these blockchain metrics have fallen to new lows, […]

Ethereum’s price is fortifying above a key resistance line. A short-term flat, which is also a rebound, is coming to its conclusion. An exit from the flat can serve as the beginning of a medium-term trend. The movement which has started at $10, could become a wave of a medium-term flat. As long as that probability is there, there is a chance for a downward turn towards $10. A cancellation of the medium-term flat will provoke a medium-term upward trend. We need to find a point where just one scenario remains realistic for further development. If the movement which has started at $10 is a....

Bitcoin’s price, unable to form a turn to growth, is continuing its downward trend. That movement is approaching a long-term resistance line, from which it may rebound up. The long-term correction is continuing, After breaking through the key level of $455, Bitcoin’s price could not fortify it. The bears were holding the advantage, which led to Bitcoin’s price falling and fortifying below that mark. The downward rebound scenario has played out. The level of $455 remains a point where the downward trend, which has started at $460, could be broken. The downward movement is part of a....

The price of bitcoin has been doing significantly well compare to where it was about a week ago. It has now recovered above a highly coveted point, returning some faith back into the market. However, the position where the digital asset currently resides is one that is unstable. Even though it seems to have found its footing above the $31,000 level, there is still the question of what this recovery actually means in the short term. Fakeout Or Breakout? It is important to note that the price of bitcoin had trended for a long time between $29,000 and $30,500. It spent quite some time here as....