Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region
This movement came about after an extended period of consolidation and multiple firm rejections at $7,800
BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here
Bitcoin’s intense uptrend from its recent lows of $3,800 has extended even further today, with bulls catalyzing an intense upwards trend that has allowed the crypto to surmount its previous resistance at $8,000.
This uptrend is showing some signs of strength as well, as BTC has yet to face any sort of harsh rejection that leads its price to plummet significantly lower in a sustained fashion.
There is one level that analysts were previously calling an “optimal short” entry that has since been shattered above, opening the gates for the benchmark cryptocurrency to see some massive upwards momentum in the days ahead.
Bitcoin’s Intense Uptrend Shows Few Signs of Wavering
At the time of writing, Bitcoin is trading up just over 11% at its current price of $8,650 – marking a notable climb from daily lows of under $7,700 that were set yesterday while the crypto consolidated.
The previous key level that bulls needed to surmount to sustain their momentum sat at roughly $8,350, and the break above this “optimal short” level in the last hour may prove to be significant for bolstering its trend.
A pseudonymous options trader spoke about the importance of this level in a tweet, explaining that the break above it could open the gates for a movement up to $9,200.
“I believe 8350 area is the optimal short, give or take 100 points in either direction. Break & close above 8350 (need to watch it hold as support then push to a new local high) & I’m bullish to 9200. Weekly chart shows these levels to be significant IMO,” he explained.
Image Courtesy of Chase_NL
It’s Not Clear Skies for BTC Yet
Even if Bitcoin does decisively break above $8,350, this doesn’t mean that it will then find itself caught within the throes of a full-blown bull trend.
Another popular pseudonymous analyst explained that BTC’s high-time-frame resistance sits within the upper-$8,000 region, with a clean break above this weekly supply level being enough to lead the crypto back into the five-figure price region.
“HTF update. Blue will be crucial for me. OTE lining up with our weekly mid-range and clean weekly supply. If we manage to get above that I’ll be looking for much higher targets,” he said while referencing the below chart.
Image Courtesy of George
The coming hours and days will likely prove to be highly volatile for Bitcoin, but how it reacts to these key levels that lie directly ahead of it will offer invaluable insight into the long-term significance of its rebound from $3,800.
Featured image from Unplash. origin »
BTC has surged by 4.16% over the past 24 hours.
Rising open interest and declining funding rate suggest a high demand for Bitcoin's short trade.
Over the past 24 hours, Bitcoin [BTC] experieThe post Is Bitcoin's short squeeze signaling a strong rally post-Christmas? appeared first on AMBCrypto.
Bitcoin’s surge toward its two-month high of $69,000 was fueled by strong inflows into spot exchange-traded funds and a marked rise in short liquidations. At press time Bitcoin (BTC) was trading at approximately $67,739, rising by 0.6% in the past…
Bitcoin short positions dominate Binance with 58.23% of accounts with open Bitcoin positions currently going short.
A renown analyst suggest that break past $67,400 could push BTC to a potentiaThe post Bitcoin on edge: Short sellers vs a $86,600 BTC breakout appeared first on AMBCrypto.
Bitcoin price surge to the $72K level would liquidate $20 billion in short positions.
Exchange net flow has surged by over 10%, and long position bulls remain dominant.
Bitcoin [BTC] short sThe post Over $20B at risk if Bitcoin hits $72K: Massive short squeeze looms! appeared first on AMBCrypto.
Bitcoin briefly traded above $31,000 on June 23, leading to the liquidation of over $140 million from the crypto market.
The post Bitcoin’s Price Spike to $31K Inflicts $90M Loss on Short Sellers appeared first on BeInCrypto.
Bitcoin prices rise despite traders taking short positions.
BTC options expiry, bullish sentiment, and market volatility impact Bitcoin's performance.
Bitcoin has experienced notable volatilThe post Rising Bitcoin prices to trigger a short squeeze? Details here appeared first on AMBCrypto.
The price of Bitcoin (BTC) has been rising since the onset of the ongoing U. S. banking sector instability. Many investors are looking to capitalize on the potential surge of BTC. The Avorak AI trade bot has made yet another impressive move, netting a 28% gain from Bitcoin short.
Bitcoin experienced a net outflow in the last three days; short positions may not be a good idea.
Bitcoin whales demonstrate mixed reactions that explain the current stalemate.
In the last fThe post Bitcoin [BTC] bears gain edge against the bulls- Is it right time to short appeared first on AMBCrypto.
No one can say that the crypto winter is over yet, But the good news is that Bitcoin and ETH seem to have gained significant momentum in the past 24 hours. This greenish price movement has caused many investors to liquidate their short positions.
Bitcoin continues on its decline after rejection at the mid area of its current levels. The first crypto by market cap saw a short live rally on lower timeframes and has now moved back into the lows of $40,000.
Bitcoin has been caught within a firm uptrend that has allowed it to shatter its correlation with the stock market as it continues marching higher Despite the overt bullishness of this move, funding rates have been on the brink of being negative on many major trading platforms This shows that demand for short positions remains high, and that traders are widely trying to time its top Furthermore, this trend is observed while looking towards Bitcoin’s […]
In the early days of Bitcoin, the only way to make a profit was to buy and hold. Many of the wealthiest people in crypto today are early adopters who...The post How to Short Bitcoin: A Guide to Cryptocurrency Derivatives appeared first on Crypto Briefing.
You can short bitcoin by borrowing BTC on Bitmex, Bitfinex or Poloniex with the intention of paying it back at a later date. Investors and traders can short other cryptocurrencies on these sites as well, such as Tron, XRP, Litecoin, Cardano, Bitcoin Cash, and 0x.
Bitcoin (BTC) is now at a critical point as Bitcoin Shorts reach all time high as can be seen on the daily chart above for BTCUSDShorts. The last time the number of shorts for Bitcoin (BTC) was this high, we witnessed a massive short squeeze which liquidated a large number of short positions and hurt the bears badly.
Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.
Yesterday saw a bunch of new Bitcoin ETF rejections added onto the list of those that have been declined by the United States Securities and Exchange Commission (SEC).
Very long story short, there are a number of applications in place at the SEC, some of which have now been rejected and others are yet to be decided upon.
The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block. In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion.
Комиссия по ценным бумагам и биржам США (SEC) провела слушание по заявке компании ProShares на открытие биткоин-ETF и отклонила её. ProShares хотели открыть два ETF: ProShares Bitcoin ETF и ProShares Short Bitcoin ETF.
BTCUSD: Бычья попытка закрепиться над сопротивлением $6754 в среду завершилась неудачей, пара продолжила торговаться в узком диапазоне (около $800) с начала августа. Вчерашний тест сопротивления привнес хоть немного интереса в динамику пары, хотя Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF, а также отклонила […]
Запись Анализ цен BTC, LTC, ETH (23.08.18) впервые появилась Криптовалюта.Tech.
Two prominent, China-based cryptocurrency businesses are undergoing contrasting fortunes; while Bitmain is facing flak for several inconsistencies in its investor deck and competition from mining rivals, the Bitcoin Mercantile Exchange (BitMEX) just moved into the world’s most expensive office.
Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF — ориентированных на биткоин биржевых инвестиционных фондов. Одновременно с этим аналогичная судьба ждала еще несколько заявок на запуск биткоин-ETF, поданных компаниями Direxion и GraniteShares.
Комиссия по ценным бумагам и биржам США (SEC) отклонила заявку на открытие ProShares Bitcoin ETF и ProShares Short Bitcoin ETF — ориентированных на биткоин биржевых инвестиционных фондов. Одновременно с этим аналогичная судьба ждала еще несколько заявок на запуск биткоин-ETF, поданных компаниями Direxion и GraniteShares.
The BTC markets rallied today, with a minor short squeeze quickly driving the price up by more than 5% in less than half an hour. The move, however, may have been short-lived, with both volume and price action failing to have gathered further momentum following the sudden spike.
Bitcoin has shown a surprising up-move today, however, the low trading volumes and huge short orders won't let the momentum sustain further.
The post Bitcoin Shoots Up by $400 as BitMEX Goes Temporarily Offline appeared first on CoinSpeaker.
Cryptocurrency markets have been consolidating after a few volatile spikes and subsequent dumps over the last few weeks. Now a lot of crypto-traders are uncertain what will happen next, but quite a lot of people are showing pessimism by betting against cryptocurrencies like BTC with short positions.
As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.
Bitcoin May Crash When the SEC Rejects the ProShares ETF Within the Next 2 Days, But Investors Should Continue Hodling The United States Securities and Exchange Commission (SEC) needs to make a decision on the ProShares Short Bitcoin ETF by August 23.
The Bitcoin (BTC) ETF saga at the SEC will go on for a while with another pair of ETF sponsored by two firms – ProShares in conjunction with NYSE Arca – due for a verdict on this Thursday, August 23rd.
Комиссия по ценным бумагам и биржам США (SEC) должна к 23 августа озвучить решение по поводу заявок на запуск биржевых фондов (ETF), привязанных к курсу bitcoin-фьючерсов. Об этом пишет CoinDesk.
Через три дня Комиссия по ценным бумагам и биржам США (SEC) проведёт заседание касательно заявки ProShares на листинг биржевых фондов, основанных на биткоин-фьючерсах. ProShares намерены добавить фонды ProShares Bitcoin ETF и ProShares Short Bitcoin ETF в листинг нью-йоркской фондовой биржи (NYSE).
Комиссия по ценным бумагам и биржам США (SEC) к четвергу, 23 августа, примет решение касательно листинга привязанных к биткоин-фьючерсам биржевых фондов от ProShares. Об этом сообщает CoinDesk. SEC рассмотрит заявки на листинг на нью-йоркской фондовой бирже (NYSE) фондов ProShares Bitcoin ETF и ProShares Short Bitcoin ETF.
Комиссия по ценным бумагам и биржам США (SEC) к четвергу, 23 августа, примет решение касательно листинга привязанных к биткоин-фьючерсам биржевых фондов от ProShares. Об этом сообщает CoinDesk. SEC рассмотрит заявки на листинг на нью-йоркской фондовой бирже (NYSE) фондов ProShares Bitcoin ETF и ProShares Short Bitcoin ETF. В основе этих фондов будут лежать торгуемые на CME […]
Technicals suggest price is currently sitting on support and setting up for a bullish trend reversal in the short term. High timeframes continue to suggest an active bear trend with the potential for an ongoing eight-month Wyckoff accumulation phase.
U. K. -based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U. K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals.
Investor and Bitcoin futures trader Jeff Kilburg spoke with CNBC today about his continued enthusiasm for investing in the digital currency, despite lows that, as of late, have rattled some traders.
This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly
Read More
The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.
Does The Bitcoin ETFs Have An Impact On The Cryptocurrency Market? The latest sell off experienced in the cryptocurrency exchange markets was heavily linked to the postponement of the decision to introduce Bitcoin ETFs by the Security Exchange Commission (SEC).
Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.
Bitcoin (BTC) is under significant pressure after experiencing a substantial 14% retrace from $65,103 to $55,602. This downturn is occurring amidst a climate of fear and uncertainty impacting both the cryptocurrency and US stock markets.
Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]
Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.
On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]
Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]
An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.
