Bitcoin Path To $70,000? Analyst Shows What This ‘Head And Shoulders’ Pattern Reveals
Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation
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Shoulders
Crypto Market’s Inverse Head & Shoulders Pattern Teases ‘Alt Season’: Technical Analysis
If you have a look at the altcoin's daily market cap chart, the bottom of the left shoulder, $188.4 billion, was created in June 2022, the low of the head, $173.23 billion, was made at the end of December, and the bottom of the right shoulder at $177.36 billion appeared
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Bitcoin (BTC) Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Jobs Data: Valkyrie Investments
"High timeframe trend metrics remain firmly bullish, a near-term [bearish] reversal chart pattern has emerged. Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs," Valkyrie's analysts, led by chief investment officer Steven McClurg,
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Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows.Most investors would agree that crypto is now in a bear market and the current price action for Bitcoin (BTC) and Ethereum (ETH) suggests that
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Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are
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Bitcoin Defies Gravity: Failed Head And Shoulders Could Trigger Massive Rally
Bitcoin price jumped above the $9,550 resistance to invalidate a key head and shoulders pattern against the US Dollar. It seems like BTC is primed for a massive rally above $10,000.Bitcoin bears failed to push the price below the main $9,150 support against the US Dollar.The bulls gained control, resulting
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Bitcoin Bulls Alert: This Inverse Head & Shoulders Pattern Could Trigger Violent Drop
Bitcoin traded to a new 2020 high at $9,575 and recently corrected lower against the US Dollar. It seems like an inverse head and shoulder pattern is forming, which could drag BTC towards $8,800.After a steady rise, bitcoin price struggled to gain momentum above $9,500 against the US Dollar.The price
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Bitcoin Price Rebounds 11% From Low amid ‘Textbook’ Inverse Head & Shoulders Pattern
Bitcoin price touches intraday high of $7,668 Wednesday.Earlier in the day, BTC/USD bottomed at $6,847.72, a six-month low.Cryptocurrency markets recover north of $200 billion.Bitcoin’s price reclaimed the $7,500 handle on Wednesday after plunging to its lowest level in over six months.BTC/USD Stages Relief RallyWednesday’s roller coaster session saw bitcoin’s price
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