Cryptocurrency Analysis and News Portal
To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.”That’s to say, the analyst isn’t taking a trading position in Bitcoin
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There are many analysts saying that Bitcoin looks like it’s at a medium-term high.As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said:“A couple more clues developing that lend themselves to HTF distribution. 1. Rising
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A key metric for where the bitcoin price might be headed is flashing a huge buy signal.In fact the last time it reached its current levels it preceded the rally to the $20,000 all-time high.Over the past week or so the price has held up relatively well given the return
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Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear.One signal that was last seen at the start of the March crypto rally is about to appear
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It’s been a quiet past few weeks for Bitcoin.After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s.Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500
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Dow Jones Industrial Average (DJIA) futures plough higher again on Monday morning.The Federal Reserve reported a huge drop in demand for its emergency liquidity services – a sign that financial markets are now stable.New York moves to phase two of re-opening, brining 300,000 back to work.Stocks are flying yet again
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After the block reward halving in May, Bitcoin’s mining ecosystem was immediately thrown into disarray.The revenue of miners was effectively halved overnight, forcing many miners with tight profit margins to go offline as they could not maintain a positive cash flow in the wake of the event. This resulted in
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Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next.Nothing is a better sign of this than the funding rates of BTC futures markets, which are converging towards 0.00%. This shows that both the long and short side of the market is not overvalued.An
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With Bitcoin failing to break past the highs it established earlier this year, there have been some commentators seriously considering a steep correction.Ross Ulbricht, the founder of the Silk Road and one of the cryptocurrency’s earliest adopters, postulated that there’s a serious chance Bitcoin could revisit the $3,000s and maybe
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Bitcoin has failed multiple attempts at breaking past $10,500 over recent weeks, yet analysts say that the cryptocurrency is still on track to erupt into a new bull run in the coming months.Related Reading: Over a Dozen Top Crypto Assets Are Up Over 10% Today: Here’s WhyBitcoin Charts Signal a
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