Bitcoin Gets Rejected At This Level For The First Time In 5 Years, Here Are T...
Bitcoin’s price action has been rejected at a price level that has acted as resistance and support in the past five years. This macro resistance level that has defined Bitcoin’s price ceiling for nearly five years has once again turned back the bulls, and the consequences could be far more severe than the price action […]
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Chainlink is the best performing crypto asset of the top ten cryptocurrencies by market cap in 2020, and the years prior since it first came into existence. And although the peak in 2020 could very well be in for now, and a massive rejection just occurred at a pivotal mathematical level, a bullish chart pattern […]
Bitcoin ETF season has come to an abrupt halt as the spot-based ETF proposal by VanEck has been rejected by the Securities and Exchange Commission. Here is a closer look into why the SEC rejected the proposal, what this means for future approvals, and what it could mean for the cryptocurrency’s continued bull run. The […]
Bitcoin has flashed some immense signs of strength throughout the past few hours, once again pushing up towards $16,000 Bulls appear to be gearing up for another test of this crucial resistance level If rejected here, this level could be confirmed as a mid-term top that is followed by immense downside A break above this level, however, would but a move to its all-time highs on the table One analyst is noting that he is […]
Bitcoin price has broken the longterm rising trendline that has supported price on several occasions in the past few years. However, this trendline had been breached on previous occasions - each time prior to a strong rally. Archers, Nock Arrows! Despite the breach price has not entered freefall, instead making a gradual stairstep from $630 down to a higher low just above $610 on most exchanges' charts. The current price action is unfolding between two trendlines projected from the November all-time high across the recent June high just above $660. The Bitstamp price chart is referred to....
Just three days to go until the two SEC commissioners, Michael Piwowar and Kara Stein, decide on whether to approve or reject the Bitcoin ETF after a nearly four years long process, but is the ETF headed for a default approval instead? The law defaults on an approval of the ETF if a decision is not made within a certain time period. In this case, the deadline is 11th of March, this Saturday. Some suggest the deadline extends to include Monday as Saturday is a weekend, but, normally, if an ETF is to be rejected, the SEC suggests a withdrawal of the application so that the proposer can....