As Bitcoin Breaks $50k, Indicators Show A Calm Before The Storm
As Bitcoin retests the $50k price level, on-chain indicators seem to be aligned so that they suggest the coin might explode upwards soon. Bitcoin Indicators May Be Showing A Calm Before The Storm As pointed out by a CryptoQuant post, Bitcoin indicators seem to be showing some interesting values right now. Some of these even look similar to the build up to the late 2020/early 2021 rally that lead to the all-time-high (ATH). Here is a quick explanation (along with the data) of the three relevant metrics the chart talks about: The transactions count indicator shows the average number of....
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Bitcoin price is stuck in consolidation as a potential breakout looms with top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways as traders wait for more market clues after the recent selloff. Price seems to be trending slightly higher on the short-term time frames, hinting that bulls are intent to keep losses in check. Technical indicators on the 15-min chart also suggest that further gains are possible. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on the 15-minute time frame, indicating short-term upside....
If the Deutsche Bank were to collapse - which seems inevitable right now - they would impact every other financial institution on the planet. The global ramifications would be so widespread; the world whole would be pushed into recession again. The Brexit is raising a lot more questions than we have answers at this time. Despite turmoil on the stock and fiat currency markets, there is no significant altercation to speak of. The so-called Brexit “fear’ has not materialized yet, albeit this could be a period of the calm before the storm. At the same time, the IMF is pointing at Deutsche Bank....
Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike.When Bitcoin stays stable for a long time in a tight price....
The outpour of Bitcoin-related news from El Salvador, AKA Bitcoin Country, slowed down. It’s the calm before the storm. The Bitcoin Law goes into effect in September. Nevertheless, things are happening and Bitcoinist is here to report on them. Who else but us reports on the little things that add up and end up changing […]
Markets Weekly is a weekly column analyzing price movements in the global digital currency markets, and the technology's use case as an asset class. The price of bitcoin experienced relative price stability and consistent volume during the seven days through 1st April, maintaining its recent status quo as market participants await resolutions to lingering uncertainties. The digital currency's price has seen modest volatility since the start of March, but some experts have warned that this situation could soon change. While some cited technical indicators in predicting that bitcoin may....