Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes
Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” the indicator has crossed into the cycle bottom zone in the two-week time frame. Bitcoin Likely Bottoming: Here’s Why Whether this prognosis is accurate depends on how Bitcoin prices pan out in the next....
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Bitcoin price sliding deeper into the pit can likely happen before this year ends. Last week, the cryptocurrency market shed $165 billion of its total market capitalization with crypto frontrunner Bitcoin slumping into a bearish streak. With this development, both traders and investors are now making conscious efforts to look ahead of the leading digital currency’s possible bottom. Rekt Capital, a well-known crypto trading expert, shared some insights about what could be next for Bitcoin, saying that by the end of this year the asset might just reach another low point. The expert has taken....
Bitcoin price has traded sideways for three days and according to the bitcoin chart's average true range, a tipping point is in sight. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. OKCoin 3Mth 1-Hour Chart. From the analysis pages of xbt.social, earlier today: No substantial change from yesterday, and the 1hr chart continues conforming to the indicator and MA conditions at the previous juncture circled in the chart. One....
In this episode of NewsBTC’s daily technical analysis videos, we look at the latest move up in Bitcoin price using the Bollinger Bands across a variety of timeframes and explain why a close above the upper band could lead to a larger move to the upside. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 4, 2022 Bitcoin price had another decent sized move up to above $20,000 after continuing to respect a rounded trendline. Related Reading: Bitcoin Bounce Coincides With Possible Macro Reversal | BTCUSD Analysis October 4, 2022 Biblical Bear Market....
Amid the current Bitcoin (BTC) rally, crypto expert Caleb Franzen, the founder of Cubic Analytics has recently shed light on his faith in the cryptocurrency reaching $175,000, due to certain factors and when this might happen. Caleb Franzen Optimism On Bitcoin On Wednesday, November 8, Caleb Franzen was interviewed by Thinking Crypto, where the crypto expert […]
In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of Spot Bitcoin ETFs and the inflows that could follow. Related Reading: Argentina Welcomes First Pro-Bitcoin President, BTC Price....