Thursday, January 28, 2021
Home > Pullback

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a sizable correction. On Jan. 8 With Bitcoin (BTC) price reached a new all-time high at $41,940 and this week’s 28% collapse to $31,076

Read More

Bitcoin Analyst: BTC’s Parabolic Rally Hints of a Pullback to $13.8k

Quick take:Bitcoin zoomed past the $17,115 resistance level like it did not existBTC is still showing signs of bullish momentumIts parabolic nature since September points to a pullback to $13,800However, a pullback is not guaranteed and Bitcoin could continue risingBitcoin Analyst, MagicPoopCannon, has shared his most recent analysis of BTC

Read More

Bitcoin Options Investors Are Starting to Hedge Against Potential Price Pullback

Bitcoin’s options market data shows investors are beginning to position for a temporary retreat from the cryptocurrency’s steep bull run.The one-month implied volatility, which is influenced by the demand for call and put options, jumped from roughly 55% to a four-month high of 70.5% in the past two days, suggesting

Read More