How Bitcoin Price Could Shed 50 To 70% If Momentum Turns Down
Bitcoin price is down nearly 10% from recent highs set earlier this month, but the underlying strength of the price action is beginning to fade ever so slightly. The weekly MACD is also turning , potentially ready to cross over for the first time in months. Here’s how such a bearish crossover could result in […]
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Bitcoin has seen some massive momentum throughout the past few days, with the cryptocurrency’s price rallying to new highs over $30,000 as its uptrend turns parabolic Where the cryptocurrency trends in the mid-term will undoubtedly depend on whether or not bulls can maintain full control of the crypto’s upswing or if it will post a […]
Bitcoin price is back in the mid-$50,000 range, after several rejections from resistance at above $60,000 per coin. A visit to support levels to test demand much lower might soon become a reality now that a technical indicator measuring momentum has flipped bearish for the first time since 2020. Here’s what this could mean for the leading cryptocurrency by market cap’s current bull run. Bitcoin Momentum Turns Bearish For First Time Since Late 2020 When […]
Bitcoin price has taken a beating over the last several months, resulting in the worst quarterly close since 2011. The bearish momentum has been brutal as crippling contagion spreads across the cryptocurrency market. However, bearish momentum on weekly timeframes has begun to weaken, providing bulls with their first opportunity to capitalize in some time. Bitcoin Bearish Weekly Momentum Begins To Weaken, Can Bulls Capitalize? In the real world, momentum is the measure of velocity and mass. In finance, the term describes the rate of speed at which an asset’s price changes. Considering....
Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides. Bitcoin started a fresh increase above the $50,000 and $50,500 resistance levels. The price is now trading well above $50,000 and the 100 hourly simple moving average. There is a key […]
In this morning's bitcoin price watch piece, we suggested that - if we could get a break above 285 (level we have watched as in term resistance from at least the last week) it would suggest that there could be some further bullish momentum in the bitcoin price as we headed into Friday and - beyond - the weekend. However, we also suggested that the overarching momentum was with the bears, and that during today's session if we broke to support, we would almost definitely see a continuation of the overarching bearish trend and get some fresh downside targets. As it turns out, the latter of....