Bitcoin Drops Significantly As The Bullish Rally Gradually Ends
Bitcoin recently lost 5% of its recent price. Many experts speculate that this drop might be due to the U.S. infrastructure bill. The ending of last month – July 2021 was a bit favorable for Bitcoin Price. However, it seems the rally is now declining as most investors are afraid of the Bill. The price […]
Related News
With Bitcoin’s price above the $115,000 level and gradually moving towards its all-time high, it appears that accumulation among retail and institutional investors is still heavily ongoing. An area where this notable accumulation is widely present is the BTC treasury strategy, which many big companies are significantly adopting. Large Institutions Still Doubling Down On Bitcoin […]
The Bitcoin 4-hour price chart is seeing a bullish divergence and a TD9 buy as hopes for a relief rally rise. The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light up when an asset sees a strong sell-off and the selling pressure gets exhausted.The Bitcoin sell-off might be losing steamThe 4-hour bullish divergence and TD9....
Bitcoin prices fluctuated significantly during the week ending 29th April, reaching a yearly high of $470 before falling below $440. Global bitcoin prices enjoyed a strong rally at the beginning of the week, rising 4.2% from $451.10 at 12:00 UTC on 22nd April to a high of $470.16 at 18:00 UTC on 26th April. This price represented the digital currency’s strongest value since 7th December, 2015, when it reached an inter-day high of $470.88, CoinDesk BPI data shows. Both a short squeeze and retail investors helped fuel this rally, Petar Zivkovski, director of operations at bitcoin trading....
Bitcoin has not seen three positive consecutive quarters since 2017, historical data shows. According to the latest data from Skew, Bitcoin (BTC) has not seen three positive consecutive quarters since 2017. If BTC ends Q4 with a net gain, it would be three consecutive winning quarters for the first time in three years.Q4 has been mostly bearish for Bitcoin since 2018 But historical data is not in Bitcoin’s favor as the last two Q4s closed with 42.54% and 13.6% drops, in 2018 and 2019, respectively.The historical quarterly returns of Bitcoin. Source: Skew.comFrom late 2016 and up to 2018,....
XRP has started May with a choppy price action between the lower and upper ends of $2.195 and $2.25, respectively, in the past three days. Although XRP has spent the majority of the past two months correcting from the peak price of $3.3 in January, its 2-month candlestick is showing a strong green body, a sign that bulls are still in control in the higher timeframes despite the fluctuations on the lower timeframes. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Interestingly, a precise signal that hasn’t appeared since XRP’s historic 2017 rally....