Bitcoin price had one of its most volatile months yet, resulting in a massive, $6,000 long “Darth Maul” candle on the three-month price chart.
But what does this rare and explosive candlestick pattern typically indicate, and what could this mean for Bitcoin price in the future?
First Quarter 2020 in Crypto Closes Out More Volatile Three Months Yet
Last night at 8:00 PM Eastern, the monthly candle closed on Bitcoin price charts, and with it came the close of the first quarter of 2020 – a quarter filled with economic turmoil, a pandemic, and much more.
The first-ever cryptocurrency ended 2019 with a bang, falling to $6,400 before beginning 2020 with a massive, over 60% rally, taking Bitcoin price to over the crucial psychological barrier at $10,000.
Related Reading | Bitcoin Price Action Triggers Devastatingly Accurate Sell Signal
However, the rally failed to incite retail FOMO, and days later, fears over the rapid proliferation of the coronavirus peaked, spilling into markets and causing record-breaking collapses in most major asset classes.
Bitcoin and the rest of cryptocurrencies were hit particularly hard, causing the leading cryptocurrency by market cap to plummet to a low of $3,800.
The over 60% fall shocked even the longest-term Bitcoin holders and wiped cryptocurrency exchange order books clean for days to follow.
In the first three months of 2020, Bitcoin price went from $6,800 to $10,500, back down to $3,800 before closing last night’s monthly above $6,400 – holding onto monthly support by a mere few dollars.
Bitcoin Price 3-Month Candle Closes With Darth Maul Lightsaber Stop Run
The resulting price action has left a nasty looking candle on three-month Bitcoin price charts, resembling a “Darth Maul” lightsaber from the popular sci-fi series Star Wars.
This type of candle features a tight red-bodied candle, with two enormous wicks on either end, forming the two-ended lightsaber the Star Wars character wields.
The damage these candles do is almost as sinister as the villain himself, and on smaller timeframes, are a sign that stop losses on either side of the trading range were taken out.
Stop runs or stop loss hunting is a common practice in trading and results in candlesticks with the devilish-looking appearance.
Oftentimes, these stop runs are designed to clear out stops ahead of the final, decisive move to a new range.
Related Reading | How the Dow’s Fractal of Doom Could Take Bitcoin to $1,000
Just a few weeks earlier, a “Darth Maul” candle hit Bitcoin on smaller timeframes, causing 1% spoke to clear out stops above, followed by a 3% drop lower just minutes later, wiping out the stops below before the final move down was made.
If the same type of price action was driving the devastating candle on the three-month price chart, its appearance could be a sign that stops on the highest timeframes have now been wiped out, and Bitcoin price could be finally ready for its next major move.
The question still remains, however, is that direction up or down?
Featured image from Shutterstock origin »
Bitcoin price surged to $102K as buying pressure increased, signaling sustained upward momentum
Strong market participation and positive sentiment suggested Bitcoin may challenge new resistanceThe post Bitcoin: How can BTC push its price past the $106k resistance? appeared first on AMBCrypto.
Through a series of gains and losses in the past week, the price of Bitcoin (BTC) recorded no significant overall change indicating widespread market uncertainty despite the inauguration of pro-crypto Donald Trump as US President.
Bitcoin is facing a key resistance at $106k, while testing critical support at $101k
NVT golden cross at -2.21 historically signals local bottoms and potential price reversal
Bitcoin [BTC], The post Bitcoin - Where are the signs of a local bottom and a price reversal? appeared first on AMBCrypto.
Bitcoin price surged to reclaim the $100,000 level on Jan. 15 as the flagship digital asset emerged from a turbulent start to the year. After weathering bearish pressure near the $90,000 area this past week, Bitcoin (BTC) price steadily climbed…
The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]
Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone.
Although Bitcoin’s recent price drop led many to wonder whether this is the end of its euphoria. However, as it’s looking to turn out, all BTC really did was go into healthy consolidation after a big move in December.
Bitcoin Cash has formed a sell signal on its MACD indicator, which could cause a price decline to $365.
Despite the bearish trends, traders on Binance are betting on further price increases.
Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted. Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern.
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market.
Although Bitcoin is having a rough moment this week, with prices oscillating between $93k and $96k, at least one popular crypto commentator is predicting a massive price run soon. According to Ted Boydston, the market should prepare for a manic bull run in the coming days, with Bitcoin’s price targeting $225k.
Bitcoin stands at a critical crossroads, with its price hovering near the crucial $93,257 support level. This key price point has acted as a stronghold for the cryptocurrency during its recent ascent, but now, the market is facing mounting pressure.
Bitcoin price has moved into a technical correction and found support at the 50-day moving average. Bitcoin (BTC) retreated to $94,830, down by over 12% from its highest level this month as the Santa Claus rally failed to materialize. The…
Over the last few weeks, the Bitcoin price has been on a downward trend, experiencing significant declines that have pushed it below its all-time high above $104,000. Despite this price crash, a crypto analyst has predicted that Bitcoin could recover from this slump and potentially reach a new ATH at $107,000.
Crypto analyst TradingShot has provided insights into the Bitcoin price recovery to $150,000. He analyzed the Fibonacci levels to provide insights into how Bitcoin could reach this new high, although the analyst suggested that there could be more price correction before that happens.
Bitcoin needs to dip much harder to deliver even standard December downside, data shows, as BTC price targets continue to focus on the mid-$80,000 area.
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin’s rally could resume at any moment.
Bitcoin’s price reached a new all-time high of $108,000 this month, which has seen retail and institutions FOMO into BTC. Bitcoin’s trading volume now sits at a daily rate of about $77 billion, indicating increased inflows.
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices. Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the…
Veteran trader Peter Brandt updated his Bitcoin price outlook in a recent viral tweet. Looking at Brandt’s chart analysis, a clear right-angled broadening triangle pattern has emerged in Bitcoin’s recent price action.
Bitfinex analysts believe the increasing Bitcoin institutional adoption will create strong demand-side pressure, making Bitcoin price dips in 2025 short and temporary.
Bitcoin price rallied to a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023. Bitcoin (BTC) has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of…
Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger move. After trading in a sideways range within an ascending triangle for weeks, the price finally broke through the crucial $103,600 resistance level established on December 5.
The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency.
The Bitcoin price performance in 2024 is one for the history books, with the premier cryptocurrency crossing the $100,000 mark for the first time ever. However, hitting this milestone opened the door to another conversation — when will the market top be in? As a result, several predictions of the Bitcoin price top have emerged […]
Since breaking it last week, Bitcoin is grappling with the $100,000 milestone, struggling to stay above this critical level. Despite the price facing resistance, Bitcoin continues to show strength, signaling potential for further upward momentum in the near term.
Despite the Bitcoin price cooling off, President-elect Donald Trump’s son still believes BTC will someday reach the oft-discussed $1,000,000 price point.
The Golden Ratio Multiplier, a Bitcoin-specific indicator created by Philip Swift, highlights $100,000 as a critical resistance level. This analysis explores how Fibonacci multiples of the 350-day moving average provide key insights into Bitcoin's price cycles, with $127,000 emerging as the next major target if this barrier is broken.
The past week proved eventful for Bitcoin (BTC) holders after a historic price gain above $100,000 was accompanied by a flash crash of almost 7% pushing the asset’s price as low as $92,000 on early Friday.
Bitcoin has shattered all-time highs again, breaking the $100,000 barrier for the first time and surging to $103,620. This remarkable milestone marks a price level many thought impossible, solidifying Bitcoin’s position as a dominant force in global finance.
Bitcoin hit a new all-time high of $100,000 for the first time in history after the price increase of 5% on the day of trading. Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, just hit a targeted price of…
Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average.
Bitcoin has rebounded to $98,000 today after dropping to its weekly lowest point, and several sentiments have made it back to head the $100,000 target price. Bitcoin (BTC), the world’s largest cryptocurrency in the world by market capitalization, rose around…
Bitcoin Price Holds Steady Amid a Probable US Selloff BTC/USD has been trading steadily above $90,000 for two weeks now; missing the all-important mark of $100,000 by less than 5 dollars on 22nd November.
The Bitcoin price could crash if it fails to hold key resistance levels. A crypto analyst has revealed that a decline to $89,000 was well within possibility, as sell-offs below the $100,000 mark have continued to hinder Bitcoin’s price upward momentum.
After reaching a new all-time high of $99,600 last Friday, the Bitcoin price has retraced to the $94,000 mark for the first time in nearly a week. This pullback comes amid growing speculation about a possible correction following a massive three-week uptrend that saw the leading crypto surge by 40% after Donald Trump’s election on November 5.
November's expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin.Bitcoin's max pain price is $78,000, significantly lower than the current spot price. The majority of the put open interest represent hedging activity and not outright downside bets: European Head of Research at Bitwise - Dragosch.
Bitcoin has experienced a record-breaking bullish breakout, shattering all-time highs almost daily over the past three weeks. After an impressive rally, the price is less than 2% away from the $100,000 mark—a critical psychological level that could become a turning point for the entire crypto market.
"Star Wars: Skeleton Crew" has crash-landed onto Disney+, aiming to whisk us back to the days when kids on bikes stumbled upon intergalactic escapades.
A PlayStation Network API-trawling bot has uncovered an image for a mysterious as-yet-unnanounced game titled Star Wars Project Maverick.
The post Mysterious Star Wars Game ‘Project Maverick’ Surfaces On PlayStation Network appeared first on CCN.com
Star Wars Jedi: Fallen Order doesn't have microtransactions, and it sold millions. Fallen Order is getting a sequel, and EA Motive is working on a smaller Star Wars title as well.
The post Star Wars Games Look Promising as EA Gains Focus for the First Time appeared first on CCN.com
It has been confirmed today that the head producer at Marvel Studios, Kevin Feige, will be making the trip to a galaxy far far away. The producer has had a lot of success under the Marvel banner.
Electronic Arts (EA), is one of the most popular video game companies headquartered in California. It’s the second largest game company based on revenue, coming after Blizzard and ahead of Ubisoft.
By CCN Markets: This morning, President Trump drew fire when he shared a quote likening him to the second coming of Jesus Christ. This afternoon, he accidentally compared himself to someone far less heroic: Darth Vader - and not even the James Earl Jones version.
