Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K
Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing to hold BTC price above $49,000 but the generally outlook suggests that additional days of consolidation are in store. BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what....
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Here's a look at what we are focusing on in the bitcoin price this morning. And so starts another Tuesday. There’s not been too much action overnight, but we’ve got a few nice key levels to go at today, so with any luck we’ll be able to draw a profit from any volatility that comes to the fore during the European session. As we said a couple of times yesterday, we expect volume to be relatively low over the next couple of weeks. Christmas is generally a low action time in the financial markets, as the major European and North American markets shut down. There’s going to be some Asian....
Ethereum has stalled after hitting the pivotal highs of $420 earlier this week. The coin now trades for $408, failing to break higher even as Bitcoin flirts with yet another breakout ahead of the weekly close. Despite the mixed price action, analysts think ETH remains in bullish standing. Ethereum Analysts Thinks the Uptrend Is Intact One crypto-asset analyst shared the chart below on October 25th. It shows that Ethereum remains in a consolidation below a […]
ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days. This week Ethereum's London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH) did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level since June 7. This bullish momentum extended further after Bitcoin price surged above....
In addition to BTC price hitting $100,000, analysts expect the crypto market to pivot toward “cost efficiency” and “agility” in 2022. The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets for 2022.Many analysts supported calls for a $100,000 (BTC) price before the end of 2021 and although this seems unlikely, most investors expect the key price level to be tackled before Q2 of 2022.Here’s a look at some of the Bitcoin price predictions analysts are expecting in 2022.Bitcoin is still on....
Here's what we are looking at this evening for our bitcoin trading session out of the US The European session is drawing to a close, and the action we have seen today in the bitcoin rice has given us plenty to discuss for this evening’s analysis. In this morning’s price watch piece, we focused on the upside momentum we had seen in the bitcoin price across the last few days, and specifically, how we intended to play this sort of momentum going forward. Our range was pretty tight, but still gave us enough room to bring our intrarange strategy to the table if action gave us an opportunity to....