3 reasons why traders turned bullish after Bitcoin price surged to $10.7K
Analysts are cautiously bullish on Bitcoin price after BTC surged 6% to $10,750. Today the price of Bitcoin (BTC) abruptly rose by 6% from $10,136 to as high as $10,743. After this powerful 24-hour rally, analysts are now turning cautiously bullish for various reasons but will Bitcoin price be able to tackle the $11K mark any time soon?Cryptocurrency daily market performance snapshot. Source: Coin360Currently, the factors that appear to be lifting investor sentiment are negative funding rates, BTC whale activity, and the U.S. dollar’s recent weakness.Funding rates are neutral or negative....
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Bitcoin price surged past $16,000 for the first time in nearly three years, its momentum strengthening due to three main factors. The price of Bitcoin (BTC) surged past $16,000 today, Nov. 12, for the first time in nearly three years. The momentum of the dominant cryptocurrency is strengthening due to three key major factors.The main catalysts behind BTC’s rally are the non-overheated derivatives market, repeated retest of $16,000, and the $14,900 whale supply zone.The weekly chart of Bitcoin with percentage gains. Source: TradingView.comThe recent dip reset the Bitcoin derivatives market....
Bitcoin price flashed a few bullish signals on Nov. 29, leading analysts to share their opinions on why BTC should close November above $60,000. The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level.A $60,000 retest is “on the....
Bitcoin price is back in action as traders sidelined post Bitfinex hack losses. Are you the one looking to enter a buy trade in BTC/USD? Key Points. Bitcoin price after recovering after hack losses against the US Dollar consolidated for some time and then moved higher. There was a major contracting triangle pattern formed on the hourly chart (data feed from SimpleFX) of BTC/USD, which was broken during the upside move. The recent break in the pair suggests that the price has turned bullish and one may consider buying it. Bitcoin Price Break. Bitcoin price recovered sharply against the US....
Bitcoin has wholly sidelined its widely-covered correlation with the US stock market. On Thursday, the benchmark cryptocurrency sustained its weekly gains as its price surged by more than 1 percent. The move briefly pushed the price above $13,000 before a modest pullback turned it back below the level. But overall, the bias appeared extremely bullish […]
After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish Bitcoin has seen its value rise by....