2 key Bitcoin price indicators show pro traders are waiting for $36K
Bitcoin price rallied back to $35,000, but key indicators show top traders are proceeding with caution. Bitcoin (BTC) recently reclaimed $35,000, but top traders at Huobi, OKEx and Binance are not buying the breakout. Unlike the savvy institutional investors who may be desperate for protection against the debasement of fiat, the more crypto-focused investors seem to be waiting for dips.Institutional investors might also be celebrating the Jan. 4 announcement that the Office of the Comptroller of the Currency will allow banks to include stablecoins in bank-permissible functions. This....
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Bitcoin price continues to tread slightly higher as bulls refuse to let up, keeping the cryptocurrency in its short-term uptrend. Bitcoin Price Key Highlights. Bitcoin price is still stuck inside the small ascending channel highlighted in a previous article. Price bounced off support as expected and made a test of the resistance, putting it back on track towards testing the bottom once more. Technical indicators are giving mixed signals at the moment, although traders might be waiting for more market clues. Technical Indicators Signals. The 100 SMA completed its downward crossover from the....
Bitcoin price might be aiming for a bounce off the nearby support zone, although a downside break is also possible. Bitcoin Price Key Highlights. Bitcoin price has been unable to establish a clear direction in the past few days as traders seem to be waiting for the top-tier catalysts. On the shorter-term time frames, it can be seen that bitcoin price seems to be heading close to the support at $605. A small reversal pattern can be seen so a bounce might be due but technical indicators are hinting otherwise. Technical Indicators Signals. The 100 SMA is crossing below the longer-term 200 SMA....
Bitcoin price could make a correction from its recent rally then resume the climb since bulls are waiting at the area of interest. Bitcoin Price Key Highlights. Bitcoin price recently broke past an area of interest around $642 then rallied to the $675 area. From there, price retreated and is showing signs of a potential pullback to the broken resistance. Technical indicators are showing that the climb could resume at some point. Technical Indicators Signals. The 100 SMA just crossed above the longer-term 200 SMA to show that the path of least resistance is to the upside and that the rally....
The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of the trend and providing warnings when the trend is about to reverse. There are many indicators and patterns that can accomplish this task but there is no one particular indicator that fits the bill for all market conditions.Therefore, traders prefer to use a combination of indicators,....
Bitcoin price is sustaining its climb but there are technical signals hinting at a possible selloff. Bitcoin Price Key Highlights. Bitcoin price is still trending higher, moving inside an ascending channel pattern on its 1-hour chart. Price is cruising around the mid-channel area of interest, as buyers and sellers are likely waiting for more directional market clues. Technical indicators seem to be suggesting that a reversal is imminent, though. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. Also, the gap....