Bitcoin’s Next Bullish Wave Could Take 200–300 Days To Kick Off — Here’s Why
The price of Bitcoin appears to have cooled off after displaying great strength in recovering the $90,000 level over the past week. According to the latest price action data, this price jump will only be transient, as the premier cryptocurrency is seemingly still stuck in a bearish structure. BTC Price Momentum Continues To Slow Down […]
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Bitcoin’s recent surge above $94,000 has brought a wave of bullish momentum across the crypto market. However, this rally has yet to gain real traction beyond $95,000. This elusive behavior is part of a wider trend that has seen the anticipated Bitcoin’s 5th wave breakout above $100,000 remain elusive. Bitcoin’s 5th Wave Appears To Be […]
Bitcoin price continued to rise yesterday scoring a high of $244. The pattern of the new bullish wave has been established as we explained during our yesterday's "intraday tips" article. By analyzing the 1 day Bitfinex (BTC/USD) charts and plotting the RSI and the 20 day EMA accordingly (look at the below chart), we can conclude the following: The current bullish trend can be viewed as a continuation of the bullish wave that started on the 15th of January, if we consider that the first bullish rally had been halted by a price correction wave that triggered sideways movements for a few....
Bitcoin price resumed increasing today, reaching a high of $247 as the market's trading volume is higher than yesterday's. As the bullish wave is building up, we can soon see the price heading up to $300 as soon as the $256 resistance level is broken. By examining the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below chart), we can see that today's trading has led to the formation of 7 successive green bullish candles, which is a sign denoting that the bullish wave has the strength to continue. We can notice that today's bullish rally occurred at approximately the....
Bitcoin price increased today, just as our analysis from yesterday predicted, reaching a high of $242.54; so, we are expecting a continuation of this bullish wave to take the price up to $300 during the next few days. By looking at the 1 day Bitfinex (BTC/USD) charts from tradingview.com and drawing a trend line between the high reached on the 13th of November, 2014 ($472.49) and the low reached on the 14th of January, 2015 ($167.05) and plotting the Fibonacci retracement fan accordingly, we can notice how today's trading pulled the price up to $242.54. The new bullish wave will likely....
One crypto analyst has come forward with another incredibly bullish price prediction for the XRP price. This time around, the analyst is going for the double-digit price level, putting the asset’s price at close to $30 at its peak. Elliot Wave Theory Predicts Over 5,000% Increase Crypto analyst Egrag Crypto is not new to making […]