Bitcoin price is 3–4 weeks away from new $24K–$29K range, market analyst warns

Bitcoin price is 3–4 weeks away from new $24K–$29K range, market analyst warns
фото показано с : cointelegraph.com

2021-7-10 15:46

The bearish outlook surfaces as Bitcoin prices form a classic cup and handle pattern, now in the last stage of its maturity.

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Bitcoin (BTC) на Currencies.ru

$ 97908.75 (+0.40%)
Объем 24H $95.327b
Изменеия 24h: 4.81 %, 7d: 7.27 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1937.731b Rank 1
Цена в час новости $ 33715.64 (190.4%)

bitcoin form classic prices surfaces bearish outlook

bitcoin form → Результатов: 126


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Bitcoin Sees Major Weakness as “Nasty” Technical Pattern Emerges

Bitcoin faced a harsh rejection at $9,800 yesterday that has since caused it to form a strong short-term downtrend. This has led it back to the lower-region of its long-held trading range BTC does appear to be technically weak at the moment, as buyers are struggling to guard against the heavy selling pressure that was incurred at this level One “nasty” technical pattern could now be flashing If history repeats itself, this pattern could result […]

2020-6-25 21:00


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Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

Ernst & Young (EY) has introduced a new application that helps U.S. cryptocurrency traders calculate and file their taxes with ease. The EY Cryptoprep app, a Software as a Service (SaaS) web-based crypto tax engine, helps users calculate crypto-related gains and losses that have to be reported on Form 8949, a form used to report […] The post Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings appeared first on Bitcoin News.

2020-6-20 03:25


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Bitcoin Funding Rates Flip Negative as Sellers Build Momentum; What to Watch For

Bitcoin has seen some intense turbulence throughout the past day, with the cryptocurrency losing the support it had at $9,400 before plummeting into the $8,000 region Buyers were able to guard against the massive influx of selling pressure, supporting it above $9,000 for most of the day The defense of the upper-$8,000 region has caused the crypto to form a double bottom seen while looking towards its RSI This indicates that the crypto could be […]

2020-6-16 02:00


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Bitcoin Forms a Decisive Top Formation as Momentum Falters; Analysts Expect Blood

Bitcoin has posted some mixed price action as of late, offering few insights into the strength of its current market structure Analysts do believe that the recent price action following its latest rejection at $10,000 struck a blow to its underlying strength This may be causing the benchmark crypto to form a clear top formation that suggests a violent downturn is imminent This weakness could also be compounded by the recent break below a key […]

2020-6-15 22:00


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Analysts Target a Sub-$200 Move for Ethereum Once it Taps This Crucial Level

Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and months The cryptocurrency did recently form an incredibly bearish technical pattern that analysts are still closely watching There’s a strong possibility that the crypto could be positioned to see notable downside in the near-term due to this pattern One analyst is even targeting a movement down to the sub-$200 region This price action could be magnified by a recent surge in […]

2020-6-15 22:00


Altcoins Could Face Capitulatory Decline as Crypto Market Hits Key Resistance

The aggregated cryptocurrency market has been struggling to spark a macro uptrend due to Bitcoin’s inability to break above $10,000 This has led it to form some heavy resistance just above its current market cap – with this level potentially being insurmountable in the near-term Analysts are also pointing to altcoins severe underperformance of Bitcoin in recent times, which could suggest that this potentially imminent market-wide decline will be brutal for smaller cryptocurrencies Bitcoin and […]

2020-5-31 22:00


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This Technical Pattern Signals Bitcoin is About to Explode to $12,000

Bitcoin saw a sharp overnight rebound that allowed it to reclaim its position within the mid-$9,000 region This came about after a period of weakness as it traded within the lower $9,000 region It now appears that the crypto’s recent volatility has allowed it to form an incredibly bullish technical formation If it posts a breakout of this formation, the crypto could soon be trading at fresh yearly highs of around $12,000 Bitcoin and the […]

2020-5-31 19:00


Bitcoin advocate: Hardware wallets are 'robust and much safer' form of crypto-custody

At the moment, more than half of the crypto users store the majority of their coins in 'cold storage', according to a research report. The research involved 339 Sweden citizens under survey and aboThe post Bitcoin advocate: Hardware wallets are 'robust and much safer' form of crypto-custody appeared first on AMBCrypto.

2020-5-25 00:01


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Bitcoin Confirms Elusive “Golden Cross” Pattern as Large Buyers Step Up

Bitcoin saw an overnight decline that has caused it to further extend the bout of consolidation that it has been caught within in the time following its sharp rise to $10,000 This latest movement seems to suggest that there is in fact heavy resistance within the lower-$10,000 region Although its inability to gain a solid foothold within this region does seem to be overtly bearish, the crypto was able to form an elusive “golden cross” […]

2020-5-10 19:00


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Is Bitcoin Digital Gold? The Federal Reserve Tears Narrative With New Report

If you’ve been following Bitcoin for any period of time, you likely know of the narrative that the cryptocurrency is some form of “digital gold.” The idea goes that because the asset has similar fundamental characteristics to the precious metal — both are decentralized money, scarce and hard to create, not controlled by a central authority, globally-accepted, and fungible — Bitcoin will become a gold-like asset with time, both in size and price action. According […]

2020-4-20 13:00


Will Bitcoin become worthy investment thesis for 'crypto-curious' institutional investors?

Over the past few years, there has been increased interest regarding cryptocurrencies such as Bitcoin. What was earlier a disruptive form of currency endorsed by tech enthusiasts is now gaining tractiThe post Will Bitcoin become worthy investment thesis for 'crypto-curious' institutional investors? appeared first on AMBCrypto.

2020-4-12 22:30