Bitcoin dips below $42K as new forecast says breakout 'most probable outcome'...
The latest "death cross" on the Bitcoin daily chart is swept aside in favor of buy-in signals and an "eventual" surge towards $50,000. Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuying another dipData from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours Friday.The pair had topped $44,450 on Bitstamp before the retracement kicked in, this seeing local lows of $41,780.While disappointing for those hoping that the worst of the....
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Bitcoin’s price action around the $70,000 region is beginning to look like the start of a breakout. Bulls are watching closely for a close above the $70,000 resistance that could signal a new upward leg. At first glance, that outcome appears positive. A breakout and weekly close above $70,000 would seem to confirm strength after […]
The bitcoin price has done it again! After much speculation, the price of everyone’s favorite digital currency has broken the $600 level, and for the most part, bullish trends are expected to continue. Bitcoin Price Set for Continued Rise. One source writes: “Price is advancing above $600… It’s hard to conceive how the market will now reverse trend into decline. The declining scenarios mentioned during the past two weeks are negated by the massive volume required to push price $25 higher in a single candle. Ongoing advance is the most probable outcome.” Another source agrees, and seems to....
An analyst has explained, using different on-chain indicators, how Uniswap (UNI) could be gearing up for a price breakout. Uniswap Metrics May Point That A Rally Could Be Brewing Up In a new post on X, analyst Ali has discussed the outcome that UNI may face based on some underlying metrics. The first indicator of […]
Bitcoin price chart is consolidating in a range - presumably leading up to the SR wallet auction later this month. After correcting the recent rally to $538 (Bitstamp) and within $2.50 of the $520 downside target (Bitfinex) forecast in my last report, Bitcoin price has seemingly turned it's attention higher and is showing signs of consolidating for a rally toward $700. Update 2 (21 June). Bitstamp (hourly) price action has returned to the level of the apex formed by the two converging trendlines at 592. Momentum indicators in hourly and four hourly timeframes have room for more upside, but....
Bitcoin struggled to gain pace above the $48,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $46,000. Bitcoin gained pace above $47,500 and traded as high as $48,200. The price is trading above $46,500 and the 100 hourly simple moving average. There is a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $46,000 support zone. Bitcoin Price Remains Supported Bitcoin price extended increase above the $47,500 resistance....