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Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.”In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.Analysis: Enduring Bitcoin support “a great sign”Bitcoin is wedged between
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Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months.BTC/USD 1-hour chart. Source: TradingViewBitcoin vs. 200-week moving average forms "million dollar question"Data from Cryptox Markets Pro and TradingView showed BTC price moves focusing on the area around $25,700.Conditions were less
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A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows. Original Source
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Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market.Bitcoin "bull market's backbone" strengtheningBTC price action continues to stagnate, but
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Bitcoin (BTC) failed to hold above $30,000 after the July 20 Wall Street open as one analyst forecast a return to range lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sinks through $30,000Data from Cointelegraph Markets Pro and TradingView tracked weak BTC price action after a rejection at the 21-day simple moving
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Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signalsBTC/USD 1-hour candle chart on Bitstamp with 200WMA. Source: TradingViewBTC spot clings to 200-week moving averageData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling a key long-term trend line near $26,500.After flash
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Bitcoin started the week on the brink of a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop. The 10-day and 25-day moving average look set to cross, potentially leading to a breakout of the $27,000 level. Ethereum is trading above a floor
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Bitcoin (BTC) climbed back above $24,000 at the Feb. 17 Wall Street open as analysis favored “consolidation and continuation” higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin faces key level to "break" bear trendData from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering some overnight losses after dipping to $23,369 on
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Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash.In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is.BTC price 200-week moving average out of
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The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said. Source
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