Cryptocurrency Analysis and News Portal
A bullish technical indicator in the bitcoin market flashed for the first time since December 2019.The tool studies the behavior of bitcoin producers – the miners – to identify potential price tops and bottoms.It now indicates that bitcoin price has bottomed out near $3,800 in March 2020.A black swan event
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Bitcoin is risking massive price declines below $9,000 as a historically accurate fractal indicates traders’ sell-off sentiment.The benchmark cryptocurrency’s tendency to retest the $8,750 level increased after it confirmed a bullish reversal pattern last week. Dubbed as Doji, the indicator is typically a session wherein an asset’s candlestick has almost
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Bitcoin may have dropped hugely after setting a yearly high near $10,500, but the small bump has not deterred it from pursuing a significant bull run towards $26,000.That is possible, according to Mayer Multiple (MM) – a popular metric that assists traders in identifying speculative bubbles and bearish exhaustion in
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The yield on the 10-year U.S. Treasury note has fallen below the yield on the 3-month T-bill, stoking fresh recession talk. Long-duration bond yields are plunging on growing haven demand as coronavirus infects over 73,000 people. Researchers at MIT have used a scientific model to predict the likelihood of recession. The results
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Bitcoin was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months.Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday. It also hinted at
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Once again, analysts have started to flip bullish on Bitcoin again. Sure, the cryptocurrency is still down some 40% from its $14,000 peak from last year, but per a number of traders, an array of key technical indicators have suggested that BTC is ready to return higher once again.Related Reading: Crypto
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Bitcoin (BTC) may have just signaled its return to a bull market, according to fresh analysis using a century-old price prediction method.In a tweet on Jan. 7, ex-Goldman Sachs analyst Murad Mahmudov channeled the work of Richard Wyckoff to suggest Bitcoin was in the process of a major recovery. BTC
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