Bitcoin bulls look to push price above $45K to validate bullish trend reversal
Bitcoin reclaims support at $44,000, prompting some analysts to suggest closing out longs while looking for a close above $45,000 to signal a bullish trend reversal. The mood across the cryptocurrency ecosystem has shifted to cautious optimism on Feb. 7, as Bitcoin (BTC) bulls managed to bid its price back above support at $44,000 with the help of several positive developments, including the announcement that “Big Four” auditor KPMG has added BTC and Ether (ETH) to its corporate treasury. Data from Cointelegraph Markets Pro and TradingView shows that, after hovering around $42,500 during....
Related News
Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum. Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week closed below $0.4255. Notably, the entire week had the token’s price steadily following a huge bearish trend, declining to $0.4018 before climbing back to $0.4123 and terminating there for the week. Notably, most indicators have been engrossed in the oversold zone, implying the possibility of a....
Bitcoin could soon see a bullish trend reversal as an on-chain indicator suggests it will do so. The on-chain indicator has predicted a number of notable price trends over the past few years. For one, during 2017’s bull market, the indicator formed a number of bounces off the 1.0 reading. Other fundamental trends also suggest that the prevailing Bitcoin trend is bullish. Bitcoin Could See a Bullish Trend Reversal Very Shortly: Key On-Chain Analysis Bitcoin […]
A stream of bullish Bitcoin adoption news helped to push BTC price back above $37,000 but traders are unsure if the 20% move confirms a trend reversal. The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has been further complicated by a mixture of positive and negative headlines including the adoption of Bitcoin (BTC) as legal tender in El Salvador and authorities in China ordering Chinese search....
MATIC price has witnessed a rally as the coin almost appreciated by 7% over the last 24 hours. MATIC (Polygon) had been trying hard to move past its immediate trading session for a while, and now it has finally been able to do that. It is, however, too early to call this a trend change. The bulls have to trade above the current price mark in order to move past the $0.90 price ceiling. A move above the $0.93 mark will further strengthen the bulls in the market. The technical outlook of MATIC has moved from bearish territory to a bullish one. Buyers have taken over the market, as seen in the....
Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month’s coma state. MANA price currently faces incrementing supply pressure coming from the resistance spotted at $1.1. MANA’s intraday trading volume is at $247.9 Million, showing a loss of 27%. Related Reading: Dogecoin Unseated From No. 10 Spot In Rankings – Can DOGE Stay Relevant?....