Bitcoin Blows The Highest Daily Candle Since Last 24 Days
After wading through a declining path for weeks, the crypto market and Bitcoin have suddenly entered another phase. The past few days have proved to be favorable for prices in the market. Almost all crypto assets are making impressive northward movements. For the primary cryptocurrency, its moves to reclaim value are commendable. Bitcoin has reached the $20,000 region as it made more gains. In addition, the token finally closed a daily candle across the critical level. Related Reading: Ethereum Marks Three Consecutive Red Weekly Closes, Will Uptober Change Its Trajectory? Also, the....
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After consolidating for many days, Bitcoin underwent one final push ahead of the weekly candle close just minutes ago. The price of the leading cryptocurrency currently trades for $19,400, far above the weekly lows. This one final push allowed BTC to push to its highest weekly close ever, according to a crypto trader known as […]
Bitcoin has undergone a strong surge over recent days, surging from under $12,000 to $13,000 as of this article’s writing. Analysts are starting to expect even more upside as the coin posts candle closes above crucial resistance levels. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Forms Pivotal Daily Close […]
Bitcoin is about to see its next weekly candle close, one that analysts say will be critical. One trader highlighted how this candle will most likely mark Bitcoin’s highest weekly candle since the blow-off top seen at the end of 2017 and start of 2018. The Importance of Bitcoin’s Upcoming Close Bitcoin is about to see its next weekly candle close. In the coming hours, the leading cryptocurrency will print its latest weekly candle. Analysts […]
Damage was done to the charts today. These pages have been speculating/forecasting a $316 low for the past two weeks. $316 was broken today, hitting $305 as of this writing. We continue to believe that 12/22 is the most likely date of the low. 12/22 is still four days away. A lot can happen in four days, particularly if people are panicking. This chart is the current 3-day chart. Note that we are only one candle from the projected turn date of 12/22. But the price is now sitting below the support line. That the support line was definitively broken does not bode well on the market short....
Bitcoin price is trading at over $33,000 at the time of this writing, but that’s nearly $9,000 away from the high it set days ago. And while the cryptocurrency is still well above 2020 prices, the asset’s largest-ever daily candle in terms of total price moved is forming and it is shaping up to be bearish. What does this mean for the bull market that was brewing, and how bad could this correction get? Bitcoin […]