This Analysis Suggests December Will Be a Crucial Month for Bitcoin
Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000 […]
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Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
During the first week of December, a BTC/USD pair completed at the level of $356. However, by Monday of the second week, December 7, Bitcoin sharply rose to $389. Throughout the same day, the price of Bitcoin made an attempt to reach the level of $400. The next day, December 8, Bitcoin broke the resistance levels of $400 and $410, and then reached $420. During that day, the price rose by 7%. Throughout the next three days, from December 9 to 11, the Bitcoin price began fluctuating between $405 and $420. In the evening of Friday, December 11, the price of Bitcoin rose tremendously....
This article will be a retrospective analysis of the last eighteen months in the Bitcoin world. Our analysis will begin in the latter half of 2013, when the Bitcoin price went from approximately $100 to over $1000. To me, this period in the Bitcoin world was one of the most exciting times in the Bitcoin community, especially when compared to today’s atmosphere of pessimism. A lot of people say the Bitcoin price doesn’t matter, but it is almost impossible not to get swept up in the excitement when the price is raising nearly a $100 a week for months on end. A recent article that claimed....
AAVE is currently in a recovery phase, successfully breaching the crucial $80 psychological resistance marker to trade at $82.52 at the time of this writing, according to tracking from Coingecko. AAVE manages to move past the crucial $80 resistance marker The altcoin could be looking at a further push all the way up to $116 AAVE continues price pump despite Tron Founder’s massive withdrawal from the crypto’s protocol Over the last seven days, the cryptocurrency managed to tally a price increase of 15.4% as it also goes up by 8% on a month-to-date basis. The bearish momentum that plunged....
Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest that the prevailing Bitcoin trend is bullish. Bitcoin Could See a Bullish Trend Reversal Very Shortly: Key On-Chain Analysis Bitcoin […]