TA: Bitcoin Signaling Downturn, Why BTC Could Trade To New Monthly Low
Bitcoin price is showing bearish signs below $18,050 against the US Dollar. BTC is now likely to continue lower and it could even trade below $17,500 Bitcoin is showing a few bearish signs below the $18,200 and $18,500 resistance levels. The price is now trading well below the $18,500 level and the 100 hourly simple […]
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Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]
Bitcoin has started to rally massively over recent weeks. BTC currently trades at multi-year highs near $16,000 and is signaling that it wants to break even higher. According to a macro analysis by crypto-asset trader Josh Rager, BTC is on the verge of an exponential uptrend. Rager noted that every time “Bitcoin has closed above the previous monthly all-time high,” a 700-1,000 percent uptrend followed suit. Bitcoin will need to close November’s monthly candle above […]
The monthly bitcoin trading competition Coincompetition.com started for just a few hours ago. The trader that has managed to earn the most by the end of the month wins 5 bitcoins (among other prizes). You can trade as you do on a normal bitcoin exchange, but you can also boost each trade 10 times on Coincompetition.com. Whether you use the option and risk more is totally up to you. You can see who's leading the Coincompetition by viewing the leaderboard here. Participants can always join during the month even though the bitcoin competition has started. We are definitely joining the....
Bitcoin (BTC) has once again fallen below $67,000 this week, extending its recent downturn and signaling shifting market dynamics diverging from those of traditional assets. Currently, it is trading near $66,900, with a market capitalization of about $1.33 trillion, and has dropped roughly 3.4% in the last 24 hours. Related Reading: Crypto Con Empire Collapses […]
As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar’s reserve currency status could be undermined. Moreover, there’s also the possibility of crude oil prices reaching upwards of $250 per barrel, according to a top hedge fund manager. Ominous Inverted Yield Curve Sends Recession Signals, While the Dollar’s Reserve Currency Status Is Questioned On March 29, a closely....