Crypto Biz: The crypto industry is more bullish than the Bitcoin charts, Jan....
Venture funds flush with cash are pouring millions of dollars into blockchain startups. And you’re worried about short-term price action? Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays. This week’s Crypto Biz newsletter features two major funding rounds from the world of blockchain, as well as Jack Dorsey’s scathing critique of Mark Zuckerberg’s metaverse plans. We also highlight a company....
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Bitcoin and its altcoin brethren are back bullish, both on individual price charts but also when looking at the total crypto market cap at large. The aggregate of all major and minor cryptocurrencies has fully reentered the bull zone on the monthly RSI, which could indicate that the bull market will blast back off any day now. Total Crypto Market RSI Returns To Bull Zone The study of technical analysis is subjective. The practice has nearly as many naysayers as crypto does, yet others swear by it. There is also much debate over what charts are worthy of such analysis. For example, charting....
Litecoin price went south yesterday, as signaled by the "gravestone" candlestick on yesterday's analysis, to reach a low of around $1.8 before rising up again to reach $1.85 at the time of writing of this article. By studying the 4 hour Bitfinex (BTC/USD) charts from tradingview.com and plotting the William's Alligator indicator (look at the below chart), we can notice the following: Litecoin price fell yesterday to around $1.8 before rising up again to record 3 successive bullish candles on the 4 hour charts, which seems to be mirroring what is happening on the (BTC/USD) charts. We can....
Although Bitcoin price dropped yesterday to around $210, it increased up to $233 at the time of writing of this article. Continuation of this bullish rally is likely to drive the price up to the next resistance level at around $256. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com, we can notice 5 successive bullish green candles forming today secondary to an increase in the market's buying power. The successive 5 bullish candles observed on the 1 hour charts represent a significant signal that flags growing strength of the bullish wave. Accordingly, as bitcoin price....
As the crypto market faces constant volatility challenges and regulatory pressures, major cryptocurrencies have experienced significant declines and slowed growth over the years. However, a new chart report has revealed that despite these downward trends, the crypto industry is still achieving new milestones in terms of adoption. Chart Reveals Crypto Adoption On The Rise The broader crypto market has been recovering at a snail’s pace since the crypto crash in 2021. Cryptocurrencies were at their peak during this time, and Bitcoin had the highest growth rate, reaching a price of over....
Bitcoin price closed the month of October with a higher high on the candle closing, a feat that has throughout history always led to a renewed bull run and additional all-time highs. Coinciding with the November monthly open, here are ten bullish Bitcoin price charts that suggest bullish continuation is ahead – but also warns that the eventual end to the market cycle is near as well. Ten Bullish Monthly Bitcoin Price Charts The leading cryptocurrency by market cap has made a higher high on the highest timeframes – a clear signal that the trend has yet to conclude. By pure definition, an....