Bitcoin Retraces Back To $43K, Why The Next Few Months Could Be Bullish
Bitcoin found short-term support near $43,000 as it retraces some of its gains from the current week. The first crypto by market cap is displaying more strength and managed to close February’s monthly candle in the green, something that last happened back in Q4, 2021. Related Reading | Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000? At the time of writing, Bitcoin trades at $43,985 with a 16.9% profit over the past week. In a recent update from QCP Capital, the firm reiterated its bullish stand. As NewsBTC recently reported, the firm published a monthly report on the....
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Bitcoin has been erupting higher in spite of the chaos in the U.S. capital. The leading cryptocurrency just moved past $40,000 for the first time ever, reaching prices 100% over where the cryptocurrency was just weeks ago. BTC has since pulled back slightly as there has been some selling pressure at that key psychological level. […]
Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]
Bitcoin is not home and dry when it comes to recent gains, multiple pundits warn amid the week's first major correction. Bitcoin (BTC) gave back $2,500 of its newly-won gains during Feb. 8 as a long-awaited correction took center stage. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHopes $42,000 will be preservedData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared $43,000 after previously hitting new multi-week highs of $45,500.At the Wall Street open, ranging continued as bulls eyed levels for potential support in the event of further....
KCS’ price shows strength as the price remains green despite the market’s uncertainty. KCS bounces from the downtrend as the price breaks out of a descending triangle with strong buy volume. The price of KCS shows bullish signs as the price trades above 50 Exponential Moving Averages (EMA) with good volume. Kucoin Token (KCS) price movement has recently shown some great price action as the price gained momentum to bounce from a downtrend against tether (USDT). Although the crypto market is currently facing a new setback, Bitcoin’s (BTC) price has dropped from $19,000....
In last week’s post we concluded with the following statement: Our overall stance is now Long-Term Slightly Bullish, Intermediate-Term can now be considered Bullish, and Short-Term is also Bullish. Regular readers will recall how a few weeks before the big drop to the US$200’s it was stated in this series how this was the scariest charts have looked in a long time, well now we have the complete opposite. Sitting right here on the verge of breaking back above US$400 is the best charts have looked in months. Nothing is ever guaranteed, but the ideal situation right now is to break above the....