Bitcoin Is Lying In Wait
Although the price of bitcoin remains relatively stable, there is reason to believe a major breakout is imminent.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.Summary of the WeekThis week was relatively calm. We briefly saw bitcoin surpass $50,000 a few times, however it has struggled to remain above this important threshold over the last few days. This could very well be the calm before the storm, as next week El Salvador will officially adopt bitcoin as legal tender. Not to....
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Bitcoin price is attempting its first major recovery since plunging below $20,000 per BTC during the recent crypto market contagion. A hidden bullish divergence could indicate that although the selloff was extreme, bulls have been lying in the wait and will soon begin to charge. Here is closer look at the potential bullish continuation signal on BTCUSD weekly price charts. Crypto Bulls Lie In Wait, Soon Could Be Ready To Charge Bitcoin became a household name in late 2017 after reaching nearly $20,000 per coin and sent the entire crypto market on a historical bull run. After a long bear....
It's all about Ethereum for crypto traders on the day as Bitcoin faces crucial resistance and a slew of sellers lying in wait. Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks, crypto rise as dollar weakensData from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA).The Wall Street open saw further gains for United States equities in the face of a declining U.S. dollar, which extended its....
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As these words are being typed, it seems Bitcoin wants to rally and ethereum is looking weak. This proves the wisdom of waiting for confirmation before executing a trade. Readers of yesterday’s column will recall that I ended by saying I was prepared to buy ethereum and/or ethxbt, but suggested I would wait for confirmation. As of now that confirmation has still not come. In fact, there are few concrete signals (that I can see) to indicate which way these currencies are going to break, so I for one will wait on the sidelines until a trend asserts itself. What might constitute a CLEAR AND....