Total Crypto Market Cap Reenters Monthly RSI Bull Zone
Bitcoin and its altcoin brethren are back bullish, both on individual price charts but also when looking at the total crypto market cap at large. The aggregate of all major and minor cryptocurrencies has fully reentered the bull zone on the monthly RSI, which could indicate that the bull market will blast back off any day now. Total Crypto Market RSI Returns To Bull Zone The study of technical analysis is subjective. The practice has nearly as many naysayers as crypto does, yet others swear by it. There is also much debate over what charts are worthy of such analysis. For example, charting....
Related News
Bitcoin price is making another attempt at the time of this publication to take back $50,000 and hold. With the Ichimoku indicator turned on, the leading cryptocurrency by market cap is also trying to hold above the cloud. Losing the cloud under similar circumstances the last time around, resulted in one of the nastiest selloffs on record with Black Thursday in March 2020. Could such chaos be in the forecast for crypto? Holding Above Cloud Could Prevent Black Thursday Repeat Until either Bitcoin sets a lower low, or blasts cleanly above $50,000 and makes a crack at its current all-time....
Want to learn to trade crypto? With Bitcoin price near $50,000 and the crypto market taking a short pause, there is no better time to pick up new skills or brush up on existing ones. For those that chose to HODL through the recent sell-off – well done, you’ve nearly made it – there is a much better way, however. Trading might not be cut out for everyone, but it you are new to Bitcoin and just want to learn more, or are considering getting into trading cryptocurrencies to maximize one’s time in the market, then the NewsBTC educational Trading Course is a must-read. Learn To....
Bitcoin price is struggling to break through resistance at $50,000, and it could partially be altcoins to blame for the weakness. The most recent technical structure on the highest time frames suggests that not only could alts continue to gain against BTC dominance, altcoin season itself could last a while longer. Bitcoin Dominance And Technical Analysis Using The Metric Technical analysis is a subjective art. The practice has enough naysayers as is, but even those that subscribe to the study don’t always believe that all charts are created equally. For example, there are several....
Bitcoin is back well above $50,000 and Ethereum is now over $3,000 per token. The two top crypto titans have been in full bull mode for the better part of a year now, and it has helped propel the entire crypto market cap to unprecedented heights. Now at well over $2 trillion and counting, this […]
Bitcoin is now trading well above $20,000, and at this point will never again see under five-digits. And although the clean break of $20,000 was proof enough that a massive bull run was here, the Relative Strength Index has also breached into bull territory for the first time since 2018. Comparing past crypto market cycles, Bitcoin is already far more bullish this time around than it was back in 2017. That rally took the crypto […]