Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce  Or Real Move Ahead?

Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce Or Real Move Ahead?

Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up. Bitcoin Netflows Of Past Dead Cat Bounces Compared As pointed out by a CryptoQuant post, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically. The Bitcoin exchange “netflow” is an indicator that’s defined as the difference between the inflow and the outflow. When exchanges observe higher inflows compared to the....


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Classic technical indicator foresees another massive Bitcoin price drop with ...

Bitcoin is forming a textbook downside continuation structure called Bearish Pennant whose ultimate breakout target lurks near $16,000. Bitcoin (BTC) has rebounded by more than 25% after bottoming out at $30,000 during the May 19 crash. But the cryptocurrency continues to tread ahead under the possibility of facing another period of strong sell-offs owing to a classic technical indicator pattern.Bitcoin price in a 'Bearish Pennant' Dubbed as Bearish Pennant, the pattern forms when an asset consolidates after a strong move downward and forms a small symmetrical triangle-like price range. It....

Bitcoin Price Bounce - Dead Cat?

Earlier today we published a piece outlining action in the bitcoin price over the previous 24 hours or so, outlining the potential fundamental factors that translated to a decline and hinting at the levels we should be keeping an eye on in order to gain insight into action throughout the European session on Thursday. Now the European session is drawing to a close, what have these levels told us about the bitcoin price, and what should we be looking at as we head into the US afternoon? Let's take a look. As the chart shows, the levels we highlighted this morning remain relevant to the....

Bitcoin Price Due for a Modest Bounce

What a difference a day makes, or so they say. Today's market fall was completely expected. We discussed the reasons in detail in yesterday's article. No need to rehash it today. But where do we go from here? Where and when is the bottom? Fake news from China is only excuse for the market to move. The only this we can say with certainty about the bottom of this market is we are 24 hours and $30 closer to the end than we were yesterday. But, of course, that is unsatisfying to say the least. So let's indulge in a bit of speculation. 60-minute Chart. The 60-minute chart us the market found....