Bitcoin Forms “Obviously Bullish” Divergence as User Count Spikes
Bitcoin underwent multiple rejections in the $11,000 region over recent weeks, suggesting the asset remains rangebound. Fortunately for bulls, there are on-chain trends suggesting that the cryptocurrency is in a bullish state. There are also underlying fundamentals like a commitment to inflation by the Federal Reserve that could spur further BTC purchasing. Related Reading: MicroStrategy’s Stock […]
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Bitcoin price was pulled lower today and began a corrective advance that has now paused. Analysis shows that at least one more small wave of decline can be expected. 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: 16h24 UTC. Bitfinex 4-Hour Chart. From the analysis pages of xbt.social, earlier today: Our short trade was closed on the last green candle in this 4-hour chart view. The question of what level the decline is targeting becomes....
Shiba Inu continues to be a prominent presence in the crypto market but that has not helped it escape the onslaught of the crypto bear market. The meme coin has not only taken a beating price-wise, but its active user count has also been on the decline. Data shows that investors are no longer as […]
Bitcoin has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world's population. We have been reading about forecasts that say "bitcoin is going mainstream", but how can we call that "going mainstream" when bitcoin adoption is less than a meagre 1 percent. READ MORE: Bitcoin Community to Hit 5 Million Mark by 2019. Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their....
Bitcoin price has been flat for nearly a month but on-chain data shows a bullish surge in new participants joining the network. The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate. Although the price has failed to react to the sharp inflow of new participants, on-chain analyst Willy Woo believes that this is a strongly....
Bitcoin Trading is proceeding in slow price action as the chart slowly unfolds wave a of an abc wave to the $250 area. Our overall target is $300 / 1900 CNY, but it seems likely price will first correct to the $220 area before advance commences. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 13h23 UTC. Bitfinex 15-Minute Chart. From the pages of xbt.social, earlier: The wave count has the current wave as a B wave targeting $257 and 1590 CNY. The target is a magnetic line target (derived from the....