Need some Bitcoin 'hopium'? This chart calls for new BTC price all-time high ...
The latest bullish Bitcoin price forecast further cements the case for a breakout, but a retracement could conversely end up with a visit to $45,000. Bitcoin (BTC) is on track to see new all-time highs this month and at least $72,000 in November if the latest price data is accurate.In a tweet on Oct. 12, Filbfilb, an analyst at trading platform Decentrader, described what he said was an achievable price target for this month and next.BTC price to $72,000? "Stranger things have happened," says traderWith “Uptober” delivering solid bullish results so far, analysts are keen to chart where the....
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Growth in DeFi, increasing on-chain activity and the strength of the bullish Ethereum options market helped send Ether price to a new all-time high at $1,500. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed dominant call activity and this may be a primary factor in the rally to a new high.Across major exchanges, the price of ETH surpassed $1,500, after the options market showed dominant call activity.In the options market, there are two types of contracts:....
No one seems very interested in Bitcoin despite BTC/USD being barely 15% from all-time highs. Bitcoin (BTC) saw a widely anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts unfazed by BTC’s price pullbackData from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp.After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction apparent in the short term.For analysts, however,....
Macro conditions flip to reduce pressure on risk assets, as one view gives Bitcoin bears $14,000 capitulation "hopium." Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar strength declines after 20-year recordData from Cointelegraph Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp.Still struggling to flip $30,000 to reliable support, the pair nonetheless avoided a deeper retracement, helping calm fears that last week’s $23,800....
NVT is a “buy the dip” opportunity that few ever get access to this week, one analyst says, as BTC/USD stays in the mid-$40,000 range. Bitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed. According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.NVT calls a significant BTC moveAfter dipping on negative sentiment as a result of tweets from Elon Musk, Bitcoin is attempting to establish definitive support near its old all-time highs from February.At the same time, NVT,....
The bitcoin price chart bubbles along just below $700 (Bitstamp) and mood in Bitcoin Land is positive. At the time of writing price is retesting the $680 (Bitstamp) level. The bitcoin price chart is receiving calls for a top at $700 and price is currently testing the critical $680 support and resistance level. As pointed out in yesterday’s longer-term analysis, the $680 level represents the high range of an area of contention (during late 2013 and the first half of 2014) that reaches all the way back down to $600 and 4000CNY. If price penetrates this level then a free-fall zone all the way....