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A reading above 70 is often erroneously taken to represent overbought conditions and a sign of an impending bearish reversal. However, per technical analysis textbooks, an above-70 RSI, especially on longer duration charts, suggests bullish momentum is strong and the asset could continue to rally in the weeks ahead, similar
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Crypto analyst Crypto Insight recently predicted that the price of XRP could be preparing to go past the $1 mark in just
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After experiencing a brief correction from its new yearly high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing
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Bitcoin (BTC) has retraced to the $28,400 level following a failed breakout above $30,000, resulting in a high rate of liquidations for
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Bitcoin (BTC) fell further after the Sep. 1 Wall Street open as monthly close losses continued to play out.BTC/USD 1-day chart. Source: TradingViewBTC price "Grayscale hype" disappearsData from Cointelegraph Markets Pro and TradingView followed weakening BTC price performance, which hit its lowest since Aug. 22.Bitcoin bears took full advantage of
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Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price "death chop" returnsData from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance on BTC/USD.Despite being heavily oversold according to relative strength index (RSI)
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Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on $30,000 support.BTC/USD 1-hour chart. Source: TradingViewBTC price: Heavy resistance risks weekly downtrendData from Cointelegraph Markets Pro and TradingView showed BTC price action dropping after a modest rebound from $29,675 —
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Bitcoin (BTC) traded around $22,400 at the March 3 Wall Street open as analysts stayed divided over the odds of a recovery.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHopes for an inverse "Bart Simpson" on BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading flat after a flash crash overnight
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Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line that separates bear market from bull market. Any higher, and crypto could
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Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).Bitcoin prints never-before-seen bullish divergenceWith the BTC price
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