Bitcoin Has Likely Found Bottom—3 Indicators Make $100,000 Seem Much Nearer

Bitcoin’s “death cross” is back in the group chat. And yes, the emails too. Matthew Sigel, head of digital assets research at VanEck, said he’s been “getting questions from clients” about the latest death cross print — the 50-day moving average slipping under the 200-day — and answered with the kind of data dump that tends to calm people down. “Lagging indicator,” Sigel wrote on X, alongside a table of every Bitcoin death cross going back to 2011. The summary stats are clean: the 6-month median return after a death cross is +30%, the 12-month median is +89%, and the “positive hit rate” is....

A new study has found that those aged between 18 and 34-years-old remain optimistic about the British economy despite fears circulating Brexit. In the months following the EU referendum vote, the study found that the overall measure of consumer confidence remained buoyant. In the Deloitte Consumer Tracker Q4 2016 [PDF], it found that confidence remained resilient and was particularly strong among the 18-34-year-olds. This is the highest it has been since the Tracker began six years ago. It is believed that this recovery is down to a growing confidence about disposable income and debt as....

Bitcoin price is trading inside a symmetrical triangle consolidation pattern and might be ready for a breakout. Bitcoin Price Key Highlights. Bitcoin price has formed higher lows and found resistance at the $616 level, creating an ascending triangle pattern on the 1-hour time frame. Price is currently testing the resistance and could be due for a breakout sooner or later. Technical indicators are giving mixed signals on where bitcoin price could go next. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is to the upside. The chart pattern is....

Bitcoin price is finding support at the 38.2% Fibonacci retracement level but a larger pullback might be due. Bitcoin Price Key Highlights. Bitcoin price is still selling off, moving towards the 38.2% Fib or the $650 area as predicted in the previous article. Price appears to have found a bit of support at this area, forming a long spike after the test and still deciding whether to resume the climb or to make a larger pullback. Technical indicators appear to be suggesting that the correction is still far from over. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the....

The Bitcoin price has just printed a major bullish signal, officially confirming a strong local bottom and sparking renewed sentiment among analysts. This bullish shift comes after April closed in the green, reclaiming technical levels and signaling the potential for a significant move toward the six-figure price territory. Market expert Titan Of Crypto has announced on X (formerly Twitter) that Bitcoin has officially hit a local bottom. The analyst shared a chart showcasing that Bitcoin is flashing one of the strongest bullish signals. Bitcoin Price Establishes Solid Local Bottom....