Bitcoin Hovers at High Time Frame Resistance, But Bulls Stay in Control

Bitcoin saw a strong push higher today despite some weakness yesterday Where the benchmark cryptocurrency trends in the near-term will depend largely on whether or not bulls can flip the resistance at $16,500 A break above this level would open the gates for a move into the $17,000 region The coming few days and weeks should provide some serious insights into where the markets will trend in the days and weeks ahead One trader is […]

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Incoming Bitcoin Whales Are As Necessary As They Are Unreliable – Here’s Why

At the time of this writing, the price of Bitcoin is $16,180, only a few percent away from retesting the $16,500 price mark; a price that was last seen in 2017, hence, this is Bitcoin’s 2020 all-time high, at least until the incoming bulls’ catapults Bitcoin to $20,000, hopefully, sooner than later. The $20,000 price […]

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Bitcoin Signaling Start of Corrective Decrease, Why $15K Is The Key

Bitcoin price traded to a new multi-month high close to $16,500 against the US Dollar. BTC is now signaling a downside correction and it could test the $15,200 support. Bitcoin traded above the $16,000 resistance and almost tested the $16,500 zone.

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Historically Accurate Analyst Expects Bitcoin to Hit $18,000 In Coming Days

Bitcoin has been rallying higher once again after days of consolidation. The cryptocurrency currently trades for $16,100, though traded as high as $16,500 hours ago. A leading analyst says that Bitcoin is trading in the midst of a textbook Elliot Wave pattern that will likely end with BTC peaking at $18,200 in the coming days, then correct toward $15,000.

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Key Bitcoin Price Fractal Predicts a $3,000 Correction Is Due

Bitcoin has undergone a strong rally over the past few weeks, pushing as high as $16,500. Analysts are starting to fear that a correction is due, though. One crypto-asset analyst recently shared a fractal showing that the cryptocurrency is trading in a remarkably similar way to how it did during the 2017 highs at $20,000. […]

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Top Trader: Bearish S&P 500 Means Bitcoin May Have Topped

Bitcoin has undergone a strong 50% rally over the past 30 days. The leading cryptocurrency traded as high as $16,500 just hours ago, though has since retraced toward $16,200 as buying pressure has tapered off.

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After $17,150 Turns Into Support, Bitcoin Could Surge Toward $20,000

Bitcoin has begun to surge higher again after multiple days of consolidation under $16,000. The coin traded as high as $16,500 earlier today. Analysts are not yet convinced it’s clear skies for Bitcoin, though.

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Bitcoin Decisively Breaks Out Above Resistance

The Bitcoin (BTC) price finally broke out from the $15,800 resistance area and reached a high of almost $16,500. While a short-term decrease could occur in order to validate the area as support, it does not look like BTC has reached a top yet.

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Bitcoin Spike Above $16K Rejected At First Weekly Bear Market Resistance From 2018

In the early overnight hours of the morning, Bitcoin price made yet another attempt at pushing beyond the local high of $15,950 and into $16K territory. And while the attempt was successful at making it through, a powerful $500 rejection send the crypto asset tumbling lower.

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Stock Market Sees Largest Surge Since V-Shaped Recovery, Another Leg For Bitcoin?

On the heels of positive vaccine news and a winner finally being declared in the US presidential election, major US stock indices like the S&P 500 and the Dow Jones Industrial Average set a new all-time high price record.

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John Hopkins Economist: Bitcoin Is Still “Highly Unstable” and “Speculative”

Bitcoin has undergone a strong surge since the March lows, rallying as high as $16,000 from $3,500. Stepping back even further, Bitcoin’s performance is even more impressive. Even still, the cryptocurrency has its critics.

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Bitcoin Starts Corrective Decrease, Why It Could Rally If It Clears $15.3K

Bitcoin price traded to a new multi-month high near $15,970 before correcting lower against the US Dollar. BTC is holding the $14,500 support and it could start another rally. Bitcoin started a sharp downside correction after trading close to the $16,000 resistance.

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Yearn.finance (YFI) Is Now Up 100% in the Span of 36 Hours

Yearn.finance (YFI) has gone parabolic as a massive short squeeze has taken place. The coin is up over 100% in the span of 36 hours, after falling as low as $7,500 on Thursday morning. YFI currently trades for $16,200 on leading futures exchanges, though it peaked as high as $18,000 just minutes ago. YFI’s rally […]

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Bitcoin Breaks Above $14,500 First Time Since January 2018

The world's most popular cryptocurrency has broken through the $14,500 level and has not been so high since early 2018 before the "crypto winter"

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Grayscale: 55% of US Investors Are Interested in Bitcoin

If it seems like more investors are jumping on the bitcoin train with the price now trading above $13,000,  it’s probably because they are. The BTC price touched a new high for the year at $13,500 on Oct.

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Bitcoin Aims to Break Resistance to ATH While the World’s Biggest Money Manager Shorts the US Dollar

After falling 3. 3% in line with the S&P 500, Bitcoin is back on the move today. The leading digital currency surged as high as $13,500 on the back of an increasing ‘real’ volume of over $2.

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Bitcoin Technicals Suggest Bulls Likely To Target Fresh High above $13.5K

Bitcoin price is trading nicely above the $13,000 resistance zone against the US Dollar. BTC is showing positive signs and likely gearing for more upsides above $13,200 and $13,500. Bitcoin successfully cleared the $12,800 and $13,000 resistance levels.

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Top Macro Investor Expects Bitcoin-S&P 500 Correlation to Break Down

Bitcoin has pushed seriously higher over the past few days despite some mixed performance in the S&P 500. The leading cryptocurrency is up around $2,000 over the past seven days, having rallied as high as $13,250 after bottoming at $11,200 last Thursday.

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Bitcoin’s Correlation with S&P 500 Drops by 90% as a New 2020 High is Made

Bitcoin spiked to a new 2020 high of nearly $13,300, a level last seen in early July 2019 after Paypal announced it would allow its customers to use cryptocurrencies. The leading cryptocurrency jumped 8% yesterday and 16.

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Bitcoin price hits new record high in these 7 countries

Bitcoin price hits a new record high in seven national currencies of 500 million people.

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Bitcoin Surpasses $12,000

Bitcoin has overtaken $12,000, with it rising by some $500 in the past two days and nearing a new local high. Whether that formidable resistance of $12,000 is overtaken, however,...

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Number of Bitcoin Wallets with 100+ BTC Hits 6-Month High: Analytics Report

Analytics reports have shown that number of medium-sized BTC holders has surged to a new high, while data says that BTC has stayed above $11,500 for a rather short period

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Are Bitcoin And S&P 500 Prices Correlated With Each Other?

The price of the S&P 500 Index (SPX) has regained all of its losses from the beginning of March and reached a new yearly high. Since March, the movements of the Bitcoin (BTC) price and the SPX have mirrored each other.

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Bitcoin Price Could See Parabolic Move To $17,000 If This Happens

Bitcoin has been trading in an increasingly tight range for more than a week before the recent breakout which has been attributed to the news of Square’s investment. It surged from around $10,500 on the 8th to as high as $11,692 on 12 October.

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Taking Out $12K Leaves “Clear Skies” For Bitcoin To Set New 2020 High

Bitcoin price is currently down nearly $400 from yesterday’s highs in a flash, after coming close once again to the $12,000 resistance level. According to a crypto analyst referencing on-chain analytics, once $12,000 is broken through cleanly by bulls, there’s “clear skies” above that until $16,500 – which they claim is just a minor “speed bump.

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TA: Bitcoin Just Saw Key Technical Correction, But 100 SMA Is Still Strong

Bitcoin price extended its rise above the $11,500 resistance against the US Dollar. BTC is correcting lower from $11,700, but it is likely to find support near the 100 hourly SMA. Bitcoin broke the key $11,500 resistance level and traded to a new weekly high at $11,724.

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Fractal Analysis: Bitcoin Will Undergo a Slight Correction Towards $11,000

Bitcoin may not sustain its highs after pushing as high as $11,500 on Friday evening. One trader recently noted that a simple fractal analysis suggests the coin will undergo a retracement after hitting $11,400.

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It’s “Super Critical” That Bitcoin Maintains $11,100 Moving Forward

Bitcoin has undergone a strong rally over the past few days. After reaching lows of $10,400 just a week ago, the coin has entered a strong uptrend. At the highs of Friday evening, BTC traded as high as $11,500, far above the aforementioned lows.

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Bitcoin’s Move Higher Is Still a “Fadable” Rally, Analyst Says

Bitcoin has surged decisively higher over the past 72 hours, moving from the $10,600 range to as high as $11,500 on Friday evening. As of this article’s writing, the leading cryptocurrency trades for $11,350, just around 9% above the weekly lows.

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This Macro Market Cycle Analysis Shows Bitcoin Will Soon Resume Uptrend

Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500.

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Up or down? Bitcoin (BTC) price prediction for October

Bitcoin (BTC) price gained 2. 4% yesterday to clear the short-term resistance at $10,500. The buyers have extended their weekly gains today by recording a 3-week high above the $11k mark. Fundamental analysis: CBDC plans accelerated Reuters reports that a group of seven central banks met today to discuss a potential roll-out of central bank digital currency (CBDC) in the future.

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Bitcoin cracks major upside barrier in quest for $12,500

Bitcoin traded as high as $10,918 for the first time in weeks as bulls...

The post Bitcoin cracks major upside barrier in quest for $12,500 appeared first on Coin Journal.

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Popular Analyst Claims Bitcoin Must Break Above This Level Or Risk Going Downhill

After opening the month of October trading as high as $10,923, Bitcoin has dropped and has since been in consolidation between $10,500 and $10,600. Volatility has reduced significantly since then as the coin has been in consolidation and the price range has been tightening.

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Scary Inverse Fractal Predicts a Bitcoin Correction Is Imminent

Bitcoin has embarked on a spectacular rally over the past few months. After bottoming in the $3,000s in the March, the asset surged as high as $12,500. Bitcoin currently trades for $10,700, still far above where it was in the March crash.

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How Bitcoin’s 2020 High Compares To Past Bull Market “Tops”

Bitcoin price suffered a powerful correction from the 2020 high of $12,400, taking the crypto asset back below $10,000 briefly. After a short-lived dead-cat bounce to $11,200, Bitcoin price is back once again at $10,500 and trying to hold.

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Analysts Explain Why Bitcoin Bearish Correction Could Turn Worse

Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a medium-term Ascending Channel.

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Historical Analysis: Bitcoin Looks Extremely Similar to the Start of the $20k Rally

Bitcoin has recently undergone a strong retracement due to a confluence of factors. The cryptocurrency is around 20% below its year-to-date high at $12,500. Some fear that this retracement is the start of a return to a full-blow bear trend.

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If the stock market is overvalued, where does that leave Bitcoin?

When the markets collapsed in March, many thought it would be years before the pre-pandemic highs were revisited. After all, the bull market which gave the S&P500 a high of 3,500 points had been pThe post If the stock market is overvalued, where does that leave Bitcoin? appeared first on AMBCrypto.

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Top Binance Trader Thinks This Comes Next for the Bitcoin Market

Bitcoin is in limbo as of this article’s writing, stuck above the $10,000 psychological support and below the $10,500 resistance. Both bulls and bears have valid arguments at current. The bulls think that BTC continuously holding $10,000 lends to a high chance of appreciating.

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Bitcoin Miners Aren’t Fazed By This Price Pullback As Hashrate Hits New Record High

The benchmark cryptocurrency has retraced from $12,500 to around $10K over the past couple of weeks. Nevertheless, the hashrate of the bitcoin network —  which is basically the amount of computing power dedicated to securing the network — has cranked a new all-time high.

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Bitcoin Price Falls – Why Options Traders Are Expecting Further Decline

The top cryptocurrency by market capitalization reached a year high of about $12,500 on the 17th of August but has seen some significant decline in price recently. Its price fell to as low as $9,981 today, breaking below the $10K level.

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Why The Upcoming US Election is Bitcoin’s Biggest Risk

Bitcoin broke up through $12,000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election.

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Bitcoin’s 7.5% Plunge Open Doorways to $10,500, Per Analysts

Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week. The benchmark cryptocurrency fell by up to 6. 41 percent to $11,160.

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Ethereum Defies Gravity But Here Is Why It Could Struggle Near $500

Ethereum extended its rally by 10% and it broke the $465 resistance against the US Dollar. ETH price traded to a new multi-month high at $490 before starting a downside correction. Ethereum is up over 10% and it broke the $465 and $470 resistance levels.

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Bitcoin Set For $15K High After Massive Stockpile While Altcoins Step Up

Since the rebound late last week, Bitcoin has once again stalled. The digital asset set a weekly low of $11,300 which was reverted towards the end of the week to see it get back above $11,500. This rebound coincided with the inflation speech given on Thursday by Jerome Powell. This speech was confirmation that the […]

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yEarn Finance Token YFI Officially Surpasses Bitcoin’s Record All-Time High, Hits A Staggering $24,500

The price of the yEarn Finance protocol token YFI is growing at warp speed with no end in sight for the upsurge. Today, the price of the asset soared past $20,000, subsequently surpassing bitcoin’s all-time high recorded in December 2017.

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Another 15% Pullback for Bitcoin? Several Factors Indicate a Bearish Move

Markets remain the same. Both Bitcoin and gold are acting alike, taking a hit. While bitcoin went down under $11,150, the bullion has fallen to $1,913 level. Meanwhile, the S&P 500 surged to hit yet a new all-time high at 3,443, which is 1.

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S&P 500 Just Printed a Pivotal Sell Signal—and That’s Not Good for Bitcoin

Both Bitcoin and the S&P 500 have seen remarkable rallies over the past few months. The S&P 500 has set a new all-time high despite the pandemic and macroeconomic crisis as a backdrop. This comes on the back of an influx of monetary and fiscal stimulus from the world’s central banks and governments.

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S&P 500 Hits Another Record High as U.S. and China Resume Trade Talks

Coinspeaker S&P 500 Hits Another Record High as U. S. and China Resume Trade TalksThe tech sector continues to take the markets ahead as indices hit new highs. The U. S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.

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