Bitcoin Price Relief Rally In This Making? BTC Could Target $26,000
The Bitcoin price continues to trade in a tight range between the mid area around $18,000 and $19,500. The cryptocurrency has been moving sideways after a rejection from the $20,000 level which has led to a spike in fear and uncertainty across the nascent sector. Related Reading: Chainlink Price Spikes Above $7 While Bitcoin Sinks Below $20,000 At the time of writing, the Bitcoin price trades at $19,100 with a 2% profit in the last 24 hours and a 1% loss over the last week. The bearish sentiment and fear in the crypto market hint at a potential relief rally which might coincide with the....
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Bitcoin price hovers above $410 as the market comes face to face with its options. Buy today and risk betting on the reward-halving rally too soon, or sell now to buy into the post-Classic(TM) relief rally later. As anticipated in yesterday’s analysis post, magenta arrows at the top-right of the chart show that MACD has returned to its zero-line, and RSI has peaked above 60. The stochastics (top) will soon group at their maximum value. The RSI peak had formed reverse divergence to a previous RSI peak and the high is not confirmed by price making a similar high above the corresponding price....
Crypto analyst CryptoCon has reaffirmed that a Bitcoin price rally to the $166,000 target is still in play. The analyst further revealed what needs to happen for the flagship crypto to reach this ambitious price target. What Determines The Bitcoin Price Rally To $166,000 In an X post, CryptoCon stated that the Bitcoin price simply needs to mirror its last year’s move in order to reach the next rung on this hyper-accurate extension in March. His accompanying chart showed that the next rung is at the $166,000 price level. Meanwhile, Bitcoin recorded a significant price rally between....
Bitcoin price recovers 11% from the week's lows as one trader targets $21,700 next. Bitcoin (BTC) hit $21,000 for the first time in several days on July 15 as markets enjoyed what one trader called "summer relief."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAltcoin rebound eyed as BTC price adds 11%Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding higher overnight to just tap the $21,000 mark on Bitstamp on the day.A noticeable change of tact had set in after initial losses on the back of forty-year highs for the United States' Consumer Price Index....
The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe. Bitcoin (BTC) pierced $40,000 at the Wall Street open on April 26 as its latest relief rally lasted less than 24 hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$39,500 eyed as BTC safety netData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping from local highs of $40,800 on April 26.At the time of writing, volatility was in evidence as bulls and bears tussled for $40,000, a level which had been beaten with April 25's uptick.United....
Rune could be set for a relief bounce despite having difficulty breaking the daily resistance. The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally. Rune Weekly Chart Analysis The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80% decline. After finding a low at $1.58, it has started making a move with buyers stepping in; Rune has formed strong support at....