Analyst: Recent Bitcoin Consolidation Suggests Move Past $40k is Imminent
Bitcoin has pushed higher over the past day, which comes at a time where most major altcoins are all seeing immense upwards momentum Where the market trends next will undoubtedly depend on whether or not BTC and ETH can remain stable or continue climbing higher While sharing his thoughts on where the crypto might trend […]
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Bitcoin has undergone a strong phase of consolidation over the past week. Some fear that this may be a precursor to a strong drop, noting how BTC has formed a swing failure pattern at its highs. One analyst says that based on Elliot Wave, Bitcoin could soon move to new all-time highs. Bitcoin Could Soon Move Past $20,000, Elliot Wave Shows Bitcoin has undergone a strong phase of consolidation over the past week. The cryptocurrency […]
Bitcoin’s price is seeing a slight consolidation phase as it trades around $13,000 The selling pressure around $13,200 has proven to be significant but bears inability to spark any significant retrace points to some weakness amongst sellers If bulls can provide BTC with a strong foothold within this price region, there’s a strong chance that serious upside is imminent One analyst explained in a recent tweet, however, that a technical indicator is suggesting that the […]
Bitcoin and the entire cryptocurrency market are pushing higher today, which may be coming about to do strength in the stock market This latest move marks an upwards break of the consolidation phase seen as of late, but it is important to note that it has not led BTC past any key technical levels That being said, a move past the resistance in the lower-$11,000 region could be imminent in the near-term One trader is […]
Bitcoin’s recent bout of consolidation is still ongoing, but bulls appear to be in the process of attempting to break this trend The cryptocurrency is currently pushing towards its $11,000 resistance, which is a positive sign that indicates a test of this level may be imminent That being said, where it trends in the days and weeks ahead may depend largely on whether or not it can continue holding above some key levels One analyst […]
It has been a rough past few days for Bitcoin, with the cryptocurrency seeing immense sell-side pressure as bears aim at erasing the gains that have come about as a result of the recent uptrend. Where the cryptocurrency trends next will depend largely on whether or not it sustained its recent break below its $17,000 […]