The “Biggest” Bitcoin Buy Signal Is Officially Back

The “Biggest” Bitcoin Buy Signal Is Officially Back

Bitcoin has broken out of the range it traded for months and seems well on its way to reclaiming previous highs. Indicators have been turning decisively bullish, as short positions get liquidated with every new level taken by the bulls. At the time of writing, BTC trades at $45,858 with a 2.6% and 14.8% profit in the daily chart. The market capitalization sits at around $860 billion, closer to its previous high north of $1 trillion. After making an upwards move from the lows at $30,000, BTC’s price faced some resistance at $40,000 and $42,000 but was able to turn them into support. The....


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Bitcoin Price May Fall Through The Line

The bitcoin price chart is becoming ambiguous as it approaches its first large move for the new year. Traders have been actively accumulating bitcoin, yet, regardless a potential sell signal is developing at the larger 4-hour timeframe. It would be a disappointment to see price fall back into decline at the beginning of the year. Although there is no current 4hr chart sell signal, a 20MA and 200MA cross-over at this timeframe has rarely failed to see the market capitulate. Should a sell signal occur then the initial target should be the previous low at $410 and 2550 CNY.