Analyst Who Predicted Bitcoin’s 2018 Bottom Thinks $12k Is Imminent
Bitcoin has faced a rather strong correction after its explosion to the $11,500 highs. At the recent lows,
Read MoreBitcoin has faced a rather strong correction after its explosion to the $11,500 highs. At the recent lows,
Read MoreBitcoin price this morning broke through a short-term downtrend line making up the top of a symmetrical triangle pattern. The currently unconfirmed breakout also caused the “first lift” in the Bollinger Band squeeze resulting from dwindling volatility.This lift is normally a sign of the Bollinger Bands expanding and an explosive
Read MoreIt’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000.Yet a trader that nailed a bold prediction remains optimistic, sharing a number of signals indicating imminent upside.Bitcoin Could Soon See
Read MoreBitcoin has seen a sharp correction after tapping $9,800 during Monday’s trading session. As of the time of this article’s writing, the cryptocurrency trades for $9,300 — more than 5% below the highs.This rejection at a crucial resistance zone (~$10,000) has confirmed to a number of analysts that more downside
Read MoreAfter holding in the low-$9,000s, Bitcoin finally saw a breakout recently.The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days.Bitcoin’s strength came on a swath of positive news.Firstly, while
Read MoreThe past few days have seen Bitcoin trade in the low-$9,000s seemingly with a downside skew. The cryptocurrency has tested $9,000 time and time again, as bears prepare to push the asset under that crucial support to confirm a bear trend.Yet an analyst that made an extremely accurate prediction has
Read MoreBitcoin is at an impasse: over the past six to seven weeks, the cryptocurrency has been caught in a relatively tight holding pattern that has seen it range between ~$8,500 and ~$10,000.Every attempt at deviating from this range has resulted in a rejection, with bears and bulls failing to establish
Read More[sociallocker id="55298"] A U.S. Pentagon-created war game features a rather strange, but somewhat likely, narrative involving a revolution and Bitcoin. In the role-playing theatrical aimed at new military joinees, the underlying narrative involves crime fighters going head-to-head with a discontent Generation-Z, which ultimately starts using Bitcoin. Pentagon’s Bitcoin Narrative As reported by
Read MoreOn June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency.Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the move with the
Read MoreAfter attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the
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