Bitcoin Drops 6% In 24 Hours, Why This Might Trigger A Bullish Rally
Bitcoin price has been fluctuating highly in the last week. Amidst news of bitcoin whales stocking up on bitcoin, the price jumped up past $34,000. Briefly breaking $35,000 yesterday afternoon before coming down to continue trading n the $34,000 range again. But the past 24 hours have seen the coin take a good dip in […]
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The bitcoin price has stayed at the same level all week. However, the market has been building a technical trigger and adding bullish consensus, which has sustained all factors that back the next rally from $650 to $820. Fundamentals and political factors promote the next rally, which is expected to increase the bitcoin price $650 to $820. From the current support level determined in the $580 $600 range, bullish consensus allows a sustained, upward movement that will probably ignore every intermediate resistance from the present technical zone to $820. A new cycle has begun, with the....
Ethereum has consolidated since hitting the $465 highs last week. It is neither up nor down in the past 24 hours. Still, analysts say that Ethereum is primed to move even higher in the weeks ahead. An analyst noted that the cryptocurrency is currently in the midst of a bullish pennant pattern, which could trigger a move above $500. Ethereum Primed to See Strong Rally Higher Ethereum has consolidated since hitting the $465 highs last […]
The Bitcoin 4-hour price chart is seeing a bullish divergence and a TD9 buy as hopes for a relief rally rise. The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light up when an asset sees a strong sell-off and the selling pressure gets exhausted.The Bitcoin sell-off might be losing steamThe 4-hour bullish divergence and TD9....
The cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.
Bitcoin, as with other cryptocurrencies, is not a legal tender issued by the government. It is not fiat and therefore won’t give in to inflationary pressures like the one being experienced in the United States today. Inflation is an economic situation where the value of money drops. It is during this period when people seek […]