Bitcoin (BTC) Price Ahead Of Monthly Close, Go Big Or Go Home
BTC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. BTC rally caught short as price continued to range. The price of BTC must close above $21,500 ahead of the monthly close as bulls sweat over price movement. The price of Bitcoin showed strength as Bitcoin (BTC) bounced from its weekly low of $18,500 after the increase in interest rate affected its price negatively. The price of Bitcoin has since struggled to regain its bullish run. It has to a region of $25,000 with the monthly candle just a few hours away from closing. Many traders and....
Related News
Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]
The price of Bitcoin (BTC) in recent weeks has had a remarkable bounce and run from its low of $19,000, with many calling for a bull run. BTC’s price soon faced resistance and was rejected from the $25,200 mark as it formed a bearish rising wedge. The price of BTC broke out from the rising wedge, and BTC has struggled to hold off sell-off ahead of its daily (1D), weekly (1W), and monthly (1M) trilemma close. (Data from Binance) Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders BTC Price Analysis On The Monthly Chart From the chart, the price of....
BTC price trades below key resistance as prices get rejected under daily EMA. BTC’s monthly candle closes with so many mixed feelings ahead of October. The price of BTC must close above $21,500 to renew bullish sentiments. The price action of Bitcoin (BTC) continues to toil with the emotions of traders and investors as it moves in an indecisive and uncertain fashion. Traders continue to speculate about what Bitcoin (BTC) holds for this new month of October. The price action and movements of Bitcoin (BTC) continue in its choppy, leaving most traders at loose ends due to an....
A record monthly close could be a harbinger of more profound price gains to come, according to analysts.
The crypto market looks a lot better ahead of the new week compared to previous weeks as we saw some major rallies from the like of DOGE with over 100% return on investment within the space of few days and the price of Bitcoin (BTC) closing the week on a high ahead of its monthly close with high hopes of reclaiming $22,000 and higher if possible. The price of some altcoins has continued to look green in the face of the bear market with many exciting projects coming up and other projects gaining more attention in the crypto space due to the community and partnership deals. Let us discuss on....