October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run ...
Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good month for bitcoin since 2013. Bitcoin Has Been Profitable in October 77% of the Time In 2020, the price of bitcoin (BTC) closed the month of September at around $10,750 per unit but the following month, BTC spiked 25% to roughly $13,450 per unit. This....
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Today, Bitcoin price sank below $40,000 for the first time since September – a price more than 50% lower than what the market was anticipating this time of year. While the downside has been impossible to ignore, the latest sweep of lows has resulted in a touch of a trend line dating back to the bear market bottom that could keep the bull market intact a bit longer. Technical Analysis And Framing The Importance Of Trend Lines When it comes to technical analysis in Bitcoin, trend lines always matter. When such lines hold, it is a sign to the market that it is time to reverse. When they give....
Bitcoin price soared last week to break out of the bearish trend that has been controlling the market since November, 2014. Last Friday, the price breached the US$256 resistance level that has been rather immune since a high of around US$268.55 was scored back on February 15. To better understand the market's trend before the bullish rally took over, we shall analyze the 4 hour Bitfinex BTCUSD chart (see: chart below). “[…] we predict that BTC price is likely to rise to test the next resistance level at US$300 next week.” Bitcoin price seems to had been trading along a triangle-like....
The XRP price continues to enjoy positive performance as the crypto market trends to the upside. The current rally confluences with the sector’s historical performance; thus, cryptocurrencies could extend their bullish trend. Related Reading: XRP Price Breakout Soon? Analyst Points To Bullish Structural Signs As of this writing, the XRP price trades at $0.58 with a 5% profit in the last 24 hours. In the previous seven days, the cryptocurrency recorded an 11% rally and stood as one of the best performers in the sector over the same period, along with Solana (SOL) and Cardano (ADA). XRP....
The recent Bitcoin (BTC) price surge has ignited renewed interest and confidence among investors, leading many to believe that the BTC bull run is accelerating. According to trader and crypto analyst Adrian Zduńczyk, Bitcoin has reached a new 52-week closing high and has maintained a close above the previous high of $32,000 for three consecutive weeks. This sustained upward momentum indicates a strong bullish trend sentiment and signals the beginning of the third wave of the Bitcoin bull run. Analyst Highlights Key Trends Zduńczyk points out several dominant trends that contribute to the....
Bitcoin (BTC) has been on a remarkable run during the first quarter of 2023, with a year-to-date increase of 69%. Bitcoin is trying to break its consolidation level and surpass its nearest resistance to breach the long-awaited $30,000 psychological level, which will introduce a new normal to the market and the new fully formed bull run. As of this writing, the industry’s largest cryptocurrency by market cap is trading at $29,200, posting a profit of over 3% in the last 24 hours. Will Bitcoin continue its bull run through 2023 and the 2024 halving cycle? Related Reading: Is Ethereum....