Bitcoin’s Market Structure Indicates a Massive Move Higher is on the Horizon
Bitcoin and the entire crypto market are once again consolidating following the latest push higher, with bulls being unable to firmly push BTC over any key levels The cryptocurrency is incurring mounting technical strength, however, which comes as it stabilizes around $11,500 Where the market trends next will likely depend on the cryptocurrency’s continued reaction to its $11,600 resistance If broken above, this level may ignite a massive BTC rally that sends it past $12,000 […]
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Bitcoin’s price soared higher today on news of Tesla acquiring $1.5 billion worth of BTC to add to their balance sheets This news was revealed in a recent SEC filing and naturally caused the entire crypto market to make a massive move higher This news is already driving massive demand towards Bitcoin, with on-chain data revealing a massive premium on Coinbase This is typically a bullish sign because it signifies that an uptrend is being […]
Bitcoin’s move back above $80,000 has brought various interesting outlooks in terms of what’s next. Crypto analyst Merlijn The Trader says the current structure looks similar to Bitcoin’s fakeouts in 2017 and 2021, where price briefly broke below support, quickly recovered, and then expanded higher. This setup now raises the question of whether the latest […]
Bitcoin is rebounding from last week's lows and is nearing $60,000 once again. The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the day itself, Bitcoin’s price has bottomed out and began to rally.The ongoing rally above $59,000 is being fueled by bullish news from Visa and PayPal as both are getting into Bitcoin and cryptocurrency payments. Put differently, the market is very much in the middle of the bull....
Discussions about another major rally for Bitcoin in this cycle have increased significantly within the space due to heightened volatility in the market lately. However, market experts are signaling that the next bull run for BTC might be on the horizon, driven by multiple crucial factors such as growing institutional interest and on-chain activity. Is […]
Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on the day. That drop has made a bearish TradingView analysis by Xanrox more relevant, as the analyst had warned that Bitcoin could lose the lower region of its current structure and begin a wider move down to $44,000. Bitcoin’s Bear Market Structure Is....