Bitcoin (BTC) Price Tops $39K as Chart Displays Patterns of Bull Market Entry

Bitcoin (BTC) Price Tops $39K as Chart Displays Patterns of Bull Market Entry
фото показано с : btcmanager.com

2021-7-26 15:00

According to analysis from Cryptoquant, the current bitcoin chart shows similarities to previous patterns of a bull market entry. The on-chain data provider highlighted that the BTC chart patterns resemble the early bull market in 2017 and 2021, sparking speculations over whether a fresh rally was imminent.

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market patterns chart bitcoin entry btc 2017

Источник: btcmanager.com

market patterns → Результатов: 126


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Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

2019-3-1 03:44


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above.

2019-2-26 02:42


Crypto Market Adds $5 Billion In Less Than 24 Hours, What’s Driving this Bullish Charge?

At press time the cryptocurrency market is outperforming in leaps and bounds, market structure has been looking highly promising with tokens and coins multiplying with gains overnight. The current state of the cryptocurrency market is taking a recuperating pattern, one that is quite different from the patterns of last week when coins were taking a […] The post Crypto Market Adds $5 Billion In Less Than 24 Hours, What’s Driving this Bullish Charge? appeared first on ZyCrypto.

2019-2-18 14:53


Chris Burniske Shows Bitcoin’s 4 Year Cycle Ecosystem, Gives Hint At Will the Crypto Market Deliver In 2019

Some people believe that the markets are unpredictable. Others actually believe that they can predict everything about them. Both cases are generally wrong as the Bitcoin market may have some surprises, but you can look at its patterns and have good hints about its future. Now, some people are saying that 2019 will be a […]

2019-1-23 06:39


“Buy One Bitcoin, Get Two For Free” Sale According to Pantera Capital CEO

The CEO of Pantera Capital, Dan Morehead, discussed the current state of the Bitcoin (BTC) market and other patterns in the cryptocurrency industry. In a discussion with CryptoTrader Ran NeuNer, Morehead mentioned that this October seems very different from the last, where Bitcoin started to rise in value and to overcome the $19,000 barrier. Morehead […]

2018-10-28 04:02


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Cryptocurrency Markets Remain Unimpacted From Global Stock Market Sell Off

Digital assets deviated from established behavior patterns on Thursday as a global stock market selloff failed to create a significant impact on the crypto market. During Asian trade, Bitcoin, Ethereum and Ripple’s XRP remained slightly low-key but didn’t experience a catastrophic fall that they experienced during the previous stock declines.

2018-10-26 17:59


Tron [TRX] up 8.26%, Among Today’s Top Large Cap Cryptocurrency Performers – Inverse Head & Shoulders Pattern in Play?

Tron is one of today top large-cap cryptocurrency performers with only Bitcoin Private and Noah Coin above it on CoinMarketCap’s top 100 Market Capitalization. Tron is currently up 8. 26% for the day according to TradingView and looks to be building an inverse head and shoulders pattern.

2018-10-7 20:09


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