Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts

2024-7-11 00:28

The market will have to absorb between $4-$6 billion worth of bitcoin selling pressure throughout the summer months, weighing on prices, K33 Research said.

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bitcoin throughout pressure selling worth summer months

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Bitcoin has seen some incredibly strong price action throughout the past few days Bulls have stepped up to the plate and propelled the crypto up towards its $11,000 resistance, marking a notable surge from recent lows of $9,900 These lows were visited throughout the past couple of weeks, with bears ardently attempting to invalidate Bitcoin’s macro strength Their failure to do so has now opened that gates for further upside, with one analyst pointing to […]

2020-9-15 21:00


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Bitcoin Bulls Remain in Full Control as Long as They Defend a Few Key Levels

Bitcoin has witnessed intense inflows of selling pressure throughout the past several hours on news of Bithumb’s Korean offices being “raided” by authorities Although it remains unclear as to why the raid took place – or why Bitcoin investors should care – it instantly led fear to spread throughout the industry This created shockwaves that caused many other digital assets to plunge lower as well, with Ethereum at one point dropping from highs of $480 […]

2020-9-3 21:00


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The Number of Bitcoin “Accumulation Addresses” Hit New Highs; Here’s Why

Bitcoin investors have been accumulating the cryptocurrency at a rapid pace throughout the past few months, with much of this buying pressure coming from retail investors. One metric from analytics platform Glassnode highlights just how intense this accumulation trend has been as of late, with the number of “accumulation addresses” seeing rapid growth throughout the […]

2020-8-26 05:00


Here’s the Key Support Bitcoin Must Defend to Avoid Serious Downside

Bitcoin has been struggling to garner any clear upwards momentum throughout the past several weeks This has degraded its technical strength, resulting in it seeing heightened selling pressure Analysts are growing somewhat cautious about the crypto’s near-term outlook Nonetheless, it is essential to note that it remains above multiple crucial levels As such, until these support levels throughout the lower-$11,000 region are broken, BTC may still be well-positioned to see further upside Bitcoin and the […]

2020-8-26 02:00


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Ethereum Isn’t Clear of Danger Yet, But Analysts are Eyeing a Move to $500

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2020-8-26 23:00


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Bitcoin’s Bull Case Degrades Following Selloff; What Analysts Are Watching

Bitcoin has seen some slight downside today, marking a bearish resolution to the bout of sideways trading that it has been caught within throughout the past few days Yesterday, bulls were showing some signs of strength as they pushed the crypto towards $12,000 This fleeting momentum seems to indicate that bulls are still plagued by underlying weakness As for where BTC may trend next, analysts are noting that this did strike a blow to the […]

2020-8-26 21:00


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Bitcoin Just Hit a Crucial Trendline; Analysts Expect Imminent Fireworks

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2020-8-22 21:00


Ethereum Dives into Key Liquidity Region as Technical Outlook Grows “Ugly”

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2020-8-20 23:00


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Here are the Levels Analysts are Watching That Will Determine Bitcoin’s Future

Bitcoin has been trading within a large  range throughout the past several weeks This has done little to offer investors with insights into the cryptocurrency’s mid-term trend That being said, bulls are now striving to break above the upper boundary of this range, with a confirmed and sustained break being an incredibly bullish sign for BTC Top traders are still expressing caution when it comes to the cryptocurrency’s short-term outlook One trader is noting that […]

2020-8-18 02:00


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Bitcoin Could See a Major Breakout in The Coming Days; Here’s Why

Bitcoin has been stuck in a tight trading range throughout the past several days This has offered little insight into the cryptocurrency’s short-term trend, as both its buyers and sellers remain at an impasse As for where it may trend next, analysts now seem to believe that it is coiling up for a major breakout This could lead it well past $12,000 in the coming few weeks There are a few factors that suggest this […]

2020-8-15 02:00


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Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and […]

2020-8-13 21:00


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Ethereum Reaches a Turning Point; Here’s What Could Reverse Its Uptrend

Ethereum has been consolidating alongside Bitcoin throughout the past several days, struggling to break above the heavy resistance that has been formed at $400 This consolidation phase has offered little insight into the cryptocurrency’s near-term outlook Analysts are now noting that ETH may be well-positioned to see significant upside in the short-term One trader is noting that there is one level that could invalidate this strength, but it remains unclear as to whether or not […]

2020-8-11 23:00


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Bitcoin Bulls Fight for Key Resistance as Analysts Target Rally to $14k

Bitcoin has witnessed some immense turbulence throughout the past few weeks, but has mostly been seeing a consolidation phase throughout the past several days The cryptocurrency is now battling to surmount $12,000 – a resistance level formed just over one week ago This level has been briefly surmounted on multiple occasions, but each time has been followed by an influx of selling pressure that sends it lower The cryptocurrency is now at a pivotal point, […]

2020-8-11 21:00


Chainlink Flips Bitcoin Volume on Coinbase; How Long Can Its Uptrend Last?

Chainlink has been caught in the throes of an intense bull run throughout the past few weeks The cryptocurrency has been significantly outperforming the aggregated market and has now secured its spot as the sixth-largest digital asset by market capitalization Analysts are now observing that LINK trading volume on Coinbase is far outpacing that of Bitcoin This points to growing interest from traders to gain exposure to the token As for where it may go […]

2020-8-10 22:00


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Here’s Why Bitcoin Could Crush Altcoins in Coming Weeks

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2020-8-10 19:00


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2020-8-9 22:00


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2020-8-8 02:00


Ethereum is Showing Early Signs of Weakness; Is the Top in?

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2020-8-8 23:00


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2020-8-8 21:00


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2020-8-7 02:00


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2020-8-5 05:00


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2020-8-4 02:00


XRP Posts Classic “Bearish Retest” Pattern as Analysts Eye Lower Lows

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2020-8-4 23:00


Why Analysts are Bullish on Bitcoin Despite Close Beneath Key $11,700 Level

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2020-8-4 21:00


Ethereum Reaches Crucial Macro Resistance as Analysts Eye a Pullback

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2020-8-1 22:00


One Crucial Factor Suggests Bitcoin‘s Intense Uptrend is About to Slow Down

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2020-7-29 02:00


Troubling Signs: Why One Analyst is Concerned About Bitcoin’s Latest Rally

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2020-7-28 02:00