Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000
Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top. Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you're a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb. In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major....
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Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first. Terra's recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it's much more likely that a combination of factors are behind the start of this current bear market.At the same time that the market was reeling from the Terra saga, the 2-year mark for the next Bitcoin (BTC) halving was also crossed and this is a metric some analysts have used as an indicator for the end of a bull....
Traders and analysts mull what's in store for Bitcoin after a historic day. After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the next five days as 2020 comes to a close.Historic candleWhile a 8-9% daily gain might be pittance compared to Bitcoin’s historical volatility — there was a 42% rally as recently as 2019 — as Messari founder Ryan Selkis pointed out, today’s rally featured only the....
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The recent “altcoin season” playing out over the last several days while Bitcoin downtrends, has traders “cautious” about what could be next. As for what could possibly lie ahead that has crypto traders so fearful, is an altcoin-led blow-off top that sends crypto back into the troughs of a short-term bear phase. Here are the […]
Following ten months of downtrend and a decline low of $275 the price of Bitcoin is back above $400 and advancing steadily. CCN has been following the decline on a daily basis and our analysis called the bottom at $275 last Sunday. Be sure to stay tuned to CCN for blow-by-blow Bitcoin price analysis and daily target updates. The Bitcoin price's return above $400 is a sign that traders are confident in Bitcoin again. The advance from $275 looked like it would inevitably turn down - as it had on so many previous occasions during the decline. However, last night price touch the critical $400....