Back Into Crab Mode, Bitcoin Bullish Potential Capped For The Coming Months?
Bitcoin is back below $20,000 and seems on track to re-test the bottom of its current range. The cryptocurrency was showing signs of recovery, but it was rejected near the critical resistance zone at around $22,000. Related Reading | Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80? At the time of writing, BTC’s price trades at $19,800 with a 3% and 2% loss in the last 24 hours and 7 days respectively. In a recent market update, trading desk QCP Capital addressed the factor that might contribute to BTC’s price moving sideways for the foreseeable future. These included....
Related News
Bitcoin keeps on moving sideways as the weekend approaches and, with less trading volume on exchange platforms, the cryptocurrency hints at potential losses. BTC’s price has surrendered the gains from the past week but has been able to hold to its current levels as critical support. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10 At the time of writing, Bitcoin (BTC) trades at $23,000 with sideways movement over the past 24 hours and a 3% loss over the past week. The first cryptocurrency by market cap has been severely outperformed by Binance Coin (BNB) and Polkadot as risk....
Bitcoin price crossed two important overhead resistance levels earlier today and the last 24 hours' advance has biased the charts to a bullish outlook at most timeframes. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. BTCC 4-Hour Chart. From the analysis pages of xbt.social, earlier today: All of the timeframes are bullish after the past day's rapid advance. The trendline (purple) that has capped several attempts at advance....
Bitcoin continues with its crab-like price action as it moves around $45,000, and $50,000. As of press time, BTC’s price trades at $46,854 with 4.2% losses in the last day. Related Reading | TA: Bitcoin Fails Again, Can Bulls Save The Day? Operators seem to expect more profits in the short term as Bitcoin has historically seen gains at the end of every year. However, BTC’s price could remain rangebound for at least early 2022. After December 3rd crash into the lows at current levels, Bitcoin has struggled to maintain stability and has seen an increase in volatility. This could be the....
No clear signal for Bitcoin’s price, except for uncertainty. Investors are puzzled as the first cryptocurrency by market cap follows crab-like price action. At the time of writing, BTC trades at $35,935 with sideways movement across the board. The most bullish expert believes BTC could be forming a Bump and Run Reversal (BRR). In 2018 […]
The new DualMiner USB miner is one of the first entries of ASIC's into the Scrypt mining domain using the Gridseed, and we here at CCN first reported about these ASICs all the way back in January. Love them or hate them Scrypt ASICs are here. In the case of the DualMiner it an easy to afford and use USB ASIC that also brings a vastly lower watt per kh/s ratio to GPU miner setups. The deal with the DualMiner is it can mine both BitCoin SHA-256 and Scrypt coins (such as LiteCoins) at the same time if desired. With an easy dip switch setting, it will mine Scrypt at nearly double the dual rate....