Is The Bitcoin Bottom In? CMT Reveals What Traders Need To See Now
Bitcoin slid sharply over the weekend, breaking below $76,000 in thin trading and briefly dipping through the $75,000 area as selling accelerated late Saturday into Sunday. The move pushed BTC into a zone that technician Aksel Kibar has identified as a key band of horizontal support, roughly between $73.7K and $76.5K. The move didn’t come in a vacuum. Macro markets were already in a forced-risk-off posture, with a violent sell-off in precious metals feeding broader deleveraging dynamics, exactly the kind of tape that can amplify weekend volatility when liquidity thins out and stop levels....
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Many successful traders look for double bottom and W bottom reversal patterns on technical charts in order to spot powerful price reversals. Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy....
Bitcoin’s (BTC) latest upward move arrives at a time when confidence in the market remains uncertain, with many traders unsure whether the slight price recovery marks early strength or another temporary bounce. With last week’s pullback still fresh, a crypto analyst argues that most traders may label the recent recovery a dead cat bounce. However, he believes the narrative is misleading and predicts that Bitcoin’s rebound this week may be setting the stage for a stronger rally. Why The Bitcoin Price Recovery Is Not A Dead Cat Bounce Market analyst and founder of The House of Crypto, Peter....
Bitcoin's environmental impact has become top focus for some critics as traders go "long BTC" and Dunamu reveals a “fear and greed” index.
Shiba Inu (SHIB) price is once again at a crucial crossroads. Currently, it’s down a staggering 91% from its all-time high (ATH) of $0.00008845, recorded in October 2021. Over the past year, the token has been on a consistent downtrend, marking lower highs and lower lows on the monthly time frame. But all is not bleak for SHIB investors. The recent relaunch of Shibarium, a layer 2 blockchain, is a beacon of hope. This move is seen as Shiba Inu’s attempt to transition from its meme coin status to a more serious player in the crypto world, aiming to enable applications for....
Bitcoin price faked out to the top and bottom of the symmetrical triangle formation as traders are positioning for major events. Bitcoin Price Key Highlights. Bitcoin price seems to be back inside its triangle consolidation pattern after a burst of volatility recently. Price broke to the upside of the triangle then snapped right back down to the bottom and is now moving sideways again. Traders could be bracing for bigger market catalysts ahead before pushing BTCUSD in a particular direction. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on this time frame....