This Coinbase Trend Could Signal Another Bitcoin Rally is Imminent
Bitcoin’s price is inching higher this morning following a bout of weakness seen yesterday Its present strength comes as the entire market moves higher, with bulls gaining a serious edge over the cryptocurrency’s price action Twitter activity from prominent figures like Elon Musk and others have also boosted the cryptocurrency, sending its price rocketing back towards $24,000 It remains unclear as to whether or not this will be enough to boost the crypto in the […]
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Bitcoin has embarked on a strong rally over the past few days that has brought from the $9,800 lows to $11,500. This is an over 15% rally that has brought the coin above crucial technical levels. Analysis predicts that Bitcoin is set to continue its surge to the upside. The analysis shows an imminent reversal in the one-day MACD, coupled with Bitcoin moving above a critical moving average. Critical Bitcoin Buy Signal Is About to […]
Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the […]
Several prominent on-chain analysts and traders have turned short-term neutral to slightly bearish on Bitcoin as BTC struggles to reclaim $33,000. Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being.There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle.First, whenever the Coinbase premium appeared, which means BTC is trading higher on Coinbase than on Binance, for example, BTC saw bullish momentum. Second, the momentum of Bitcoin strengthened when it saw....
The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high.BTC/USD daily candle chart (Coinbase). Source: TradingviewCoinbase buyers were the catalyst for the Bitcoin rallyIn the last 48 hours, Coinbase has continuously seen a high premium compared to....
While Coinbase seems to be facing imminent court action from the Security and Exchange Commission, it is signing new deals with other government agencies. The SEC is fighting against the Coinbase lending product, and the exchange says it refuses regulation through litigation. However, all the threats seem not to be holding the exchange back. Since […]