Market Timing: Why Bitcoin Could Sweep Lows Before A Bounce
Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer. But before that happens, there could be one more deep sweep of lows, according to a highly accurate market […]
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Bitcoin is in consolidation mode after one of its largest quarterly gains on record. All signs suggest that there’s still more upside left in this bull run, but according to a fractal found during the last major market cycle, a sudden sweep of lows is possible before bulls regain control. Here’s what to expect for […]
Ethereum has undergone a strong bounce since the lows seen in September. As of this article’s writing, the coin trades for $372, around 20% above those lows. The cryptocurrency is about the set a weekly close above the $365-370 resistance. Despite this strong bounce in the price of Ethereum, on-chain metrics show that the blockchain is currently weakening. Fortunately, the leading cryptocurrency has positive fundamental and technical trends that may result in growth in the […]
Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead. Analyst Warns About Sweep Of Monthly Lows In his latest post on the social media platform....
More downside pressure across crypto amid challenging regulatory events in both the U.S. and Europe. Bitcoin (BTC) lost 3% in an hour and Ether (ETH) drifted toward $1,000 on June 30 as pessimism took control of crypto markets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders eye "sweep of lows" for BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,224 on Bitstamp during Asian trading, its lowest since June 19.A lack of momentum on upticks combined with a failure to reclaim critical support at the 200-week moving average set the scene for....
Bitcoin has undergone a strong bounce since the Monday lows of $13,200, set in a rapid crash lower that liquidated millions. The price of the leading cryptocurrency currently is $13,750, up over $500 from the aforementioned lows. On the day, Bitcoin is up 1.5%, outpacing a majority of altcoins including Ethereum but somewhat underperforming the […]