Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017
Bitcoin has undergone a strong rally over the past few months. From the March lows, the cryptocurrency has gained over 200%, rallying from $3,500 to $11,700 now. While already impressive, the coin is about to form a pivotal buying signal that may suggest more upside is likely. The signal in question last formed when the […]
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Bitcoin has flatlined over recent weeks, entering a trading range between $10,000 and $11,000. On a macro basis, not all analysts are convinced that BTC is in a full-blown bull market. There are a number of resistances above Bitcoin’s current price that could mark highs of a medium-term rally. Despite this, there are crucial on-chain indicators suggesting that the cryptocurrency has room to move higher. One such indicator, which formed in 2017 prior to a […]
Bitcoin has undergone a strong 25% rally over the past two weeks. The coin currently trades for $13,700. Analysts think that the cryptocurrency may undergo a retracement in the near term. Cole Garner shared the chart below recently. It shows that Bitcoin is now flashing technical signals last seen prior to the August high. The signal that seems poised to form was also spotted at the highs of February, prior to the brutal March breakdown. […]
The price of Bitcoin rose to $20,000 in 2017 and crashed. According to Glassnode, the same top signal has emerged, but feels different this time for several reasons. In 2017, the price of Bitcoin (BTC) reached as high as $20,000 before crashing rapidly. Now, the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing rally feels significantly different for other reasons.Bitcoin typically pulls back when whales take profit, causing a ripple effect throughout the cryptocurrency market. As such, when....
Bitcoin has been in a strong rally since the March lows. The coin moved from $3,500 at those lows to around $12,500 at the local highs. Unfortunately for bulls, a crucial sell signal is on the verge of appearing that may mark a medium-term top for Bitcoin. The indicator last formed just prior to the March capitulation crash. Bitcoin Could Soon Undergo Retracement: Trend Indicator Shows Bitcoin has undergone a strong rally since the March […]
Bitcoin has seen a strong rally over the past few days after weeks of consolidation. The leading cryptocurrency has gained around $1,000 from last week’s lows near $10,400. This rally has allowed the technical case for further upside to continue to build. One crypto-asset analyst recently noted that Bitcoin is about to form a pivotal […]