Bitcoin’s Macro Structure Indicates Push to $12,600 Could be Imminent
Bitcoin and the entire crypto market has faced some heightened selling pressure throughout the past day, with bears moving to regain control of BTC This has sent shockwaves throughout the entire crypto market, causing many tokens to plunge lower Analysts are now widely noting that the entire market could be well-positioned to see further losses in the near-term. One trader is noting that BTC reeling towards an “accumulation range” within the $9,000 region is a […]
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Bitcoin’s price action as of late has been driven by a combination of recent news developments, jitters within the macro-economic environment, as well as technical weakness. That being said, these factors have not been enough to push the benchmark cryptocurrency below any crucial support levels, as it is still trading within the macro trading range […]
Despite experiencing a significant plunge from ATH levels earlier last month, the Bitcoin price continues to test crucial levels that could shape the trajectory of its next move. A fresh analysis from crypto market expert Casitrades suggests that the coming days could define whether the broader market will face a macro correction or extend its bullish momentum. For now, Fibonacci zones, Elliott Wave structures, and Relative Strength Index (RSI) behaviour align to build a critical narrative around BTC’s price direction. Possible Scenarios For Bitcoin Price Macro Correction On Friday,....
Bitcoin’s price rally has hit turbulence over the past 48 hours, and this has opened the door for bearish voices to resurface. After reaching a fresh high of $124,128 just three days ago, the leading cryptocurrency has since declined by about 4.8%, sliding back to the $117,000 to $118,000 price zone at the time of writing. This pullback has opened up a possibility that the much-anticipated macro top may already be in, and further downside may be possible if there is a lack of bullish momentum. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details Analyst Maps Out....
Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000. Those two levels have been of technical importance on a macro time frame since the 2017 highs. Three crucial reasons, though, suggest that Bitcoin’s macro trend is […]
Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro […]