Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst
It has been on a wild ride the past few weeks, with buyers being in full control of its price action as it continues rising on a nearly daily basis Where it trends in the mid-term will undoubtedly depend on whether or not it can continue printing higher lows each week Some analysts do believe […]
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A short squeeze could send BTC/USD far beyond $50,000 if the $48,000 sell wall crumbles. Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewVolatility narrows for BitcoinData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to exit the $46,000 range on Tuesday after heading lower as the week began.The area between $45,000 and $48,000 has acted as a narrow trading corridor for Bitcoin as it attempts to knock down its last hurdle before $50,000. So....
Bitcoin’s price has been consolidating in the time following its strong surge up to highs of $11,400 The cryptocurrency has yet to revert any of these gains and appears to be gearing up for another big push higher Where the market trends next will likely depend on BTC, as it has been firmly guiding the altcoin crypto market One analyst is now noting that Bitcoin could soon see a move to over $14,000, but he […]
The price of Bitcoin has broken through crucial resistance in weekend trading. Bitcoin (BTC) remains in the spotlight after MassMutual became the latest company to allocate $100 million of its portfolio into Bitcoin. This is adding to the impressive buy pressure at the moment, renewing hopes of Bitcoin breaking $20,000 in December. While a correction occurred in the past week, Bitcoin’s price bounced above the crucial level at $18,600 and is now targeting new all-time highs. However, since the breakout occurred during the weekend, one concern for the bulls is the relatively low volume of....
Bitcoin saw a notable influx of buying pressure yesterday that helped send its price rocketing towards $11,000 The strength of this movement was notable, and BTC has yet to surrender any of its recent gains to sellers Despite the technical strength currently being expressed by Bitcoin, it is imperative to note that it remains caught within its mid-term range This trading range has been formed between $10,200 and $11,200 One analyst is now noting that […]
Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will […]