Bitcoin Just Broke to $16,500: 3 Reasons Why Analysts Expect More Upside

Bitcoin Just Broke to $16,500: 3 Reasons Why Analysts Expect More Upside

Bitcoin is mounting a strong bounce from the weekend lows of $15,700. Just minutes ago, the leading cryptocurrency broke to $16,500 and passed it for the first time this year. At its local highs, BTC traded for $16,550. While BTC trades slightly below those highs, it is positioned to move higher as it looks primed […]


Related News

Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout

Bitcoin price hit a new 2020 high at $16,765, and traders expect a much larger rally to occur in the near term. The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term.There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. Second, there is a “sell-side crisis” brewing as more BTC gets accumulated than mined. Third, BTC rallied despite indicators showing overbought signals.BTC/USD 1-hour....

2 Key Reasons Why Bitcoin Bulls Expect Further Upside

Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets. Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead. […]

A retest is expected, but most analysts expect Bitcoin price to extend much h...

Analysts expect Bitcoin price to retest the $45,000 zone as support, after which traders anticipate a stronger move toward a resistance cluster at $54,000. The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold  above $3,400. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000....

$700: Analysts Expect Ethereum to See a Massive Surge as ETH 2.0 Rollout Nears

Ethereum has been closely tracking Bitcoin over the past few days and weeks This has caused the cryptocurrency to see some turbulence as of late, with news regarding the OKEx founder being arrested sending BTC and ETH reeling lower This decline was short-lived, and bulls were able to rapidly step up and begin absorbing this selling pressure Analysts are now noting that upside could be imminent for the market, and ETH could see some serious […]

Bitcoin price nears $16K, but it's Ethereum that may shine in November

After Bitcoin's strong breakout above $15,000, analysts are looking toward Ether as the market sentiment around Ethereum strengthens. The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency's rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain's native token has seen heightened momentum in the past week. After underperforming against BTC in October, the probability of a new ETH rally is beginning to increase.There are two key reasons why analysts expect Ether to perform strongly in the near term. First,....