Bitcoin Stuck In The Clouds, But Brighter Days Could Be Ahead
Bitcoin price is stuck at around $46,000 unable to push higher despite some strong momentum and buying at its back. The reason for the resistance, is because the leading cryptocurrency by market cap has its head caught in the clouds. Once these clouds part, however, it could lead to a lot sunnier days across the cryptocurrency market once again. Bitcoin Price Stuck In The Clouds, Puts Rally On Ice Bitcoin price has whipsawed back and forth by more than 50% during 2021. The most recent recovery from lows has momentum behind it, but has taken a pause at the current level. The area where the....
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Bitcoin is trading a few thousand above its former peak at $20,000, but the spark of a new altcoin season hasn’t yet arrived in the crypto industry. One reason for the delay of the bullish advance is because the total altcoin market cap has gotten itself stuck in the clouds. But as soon as the […]
Ethereum has been stuck below $380 for the past few days, which is a critical level that has long held serious influence over the entire crypto market. If it remains stuck below this level, it could be a sign that bulls are losing their edge over the asset and that further downside is imminent. ETH’s […]
Ethereum’s price has been consolidating alongside Bitcoin’s throughout the past few days, with buyers and sellers reaching an impasse This has come about as the entire cryptocurrency market struggles to find any significant directionality Where the market trends next will likely depend on Bitcoin, which has been performing quite well despite a myriad of bearish news developments ETH’s consolidation phase has grown quite narrow as of late, and it remains stuck below a crucial level […]
The last ten days have seen all resistances give way. Ten day ago, I was telling you “The coming days do not look bright, and Bitcoin could well get bellow $255 quite fast.” Well… The coming days aren’t any brighter. Now there is no resistance left, Bitcoin could fall to $100 without surprising me. In this context, some of you may want to diversify in other altcoins. Be, however, careful with this: remember the first rule mentioned in the previous article: The market is always right. The second rule is that if the price is king, the liquidity is queen. There are numerous altcoins around,....
It‘s been two years since BTC/USD crashed to $3,600 and it is trading over ten times higher — but clouds, as ever, are looming large. Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon.In what could turn out to be a crucial week for Bitcoin and altcoins’ relationship with traditional assets, the United States Federal Reserve is set to be the main talking point for hodlers.Amid an atmosphere of still rampant inflation, quantitative easing still ongoing and geopolitical turmoil focused on Europe, there is plenty of uncertainty in the....