Bitcoin Analyst Sees Final Push to $67,000 Before “Strong” Bearish Breakdown

Bitcoin Analyst Sees Final Push to $67,000 Before “Strong” Bearish Breakdown

According to market analyst Vince Prince, it is likely for Bitcoin to print a new record high before undergoing a bearish correction.

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Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now consolidating inside a similar technical structure, and one analyst predicts it would break bearish just like gold. “Since the COVID Crash of March 2020, it is apparent that gold has been […]

Bitcoin Forms Highest Weekly Candle Close In History

After consolidating for many days, Bitcoin underwent one final push ahead of the weekly candle close just minutes ago. The price of the leading cryptocurrency currently trades for $19,400, far above the weekly lows. This one final push allowed BTC to push to its highest weekly close ever, according to a crypto trader known as […]

Despite Crypto Rebound, This Analyst Still Expects $20 Ethereum: Here’s Why

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Bitcoin Analysis: Week of Oct 4 (Quick Update)

Last Week’s Review. In last week’s post we concluded with the following statement: Our overall stance remains Long-Term Bearish (with still limited downside), Intermediate-Term Bearish and now also Short-Term Bearish. As much as this analyst hopes to be wrong, Bitcoin’s price is sitting at its most vulnerable point of the year. The highest probability move is the creation of new lows in the mid US$370’s and the most likely target for a potential stop to the slide in price is the US$340-350 area matching the lows of April. Falling below that zone we are looking at US$260-270 for the next....

Analyst: Bitcoin Parabolic Trend Is “Close To A Breakdown”

Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend? […]