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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] дальше »

2020-8-21 02:00


This Newly Formed Structure Could Cause Bitcoin to See Major Losses

Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred as a result of these rejections has not yet been enough to force BTC or other assets below their crucial support levels That being said, analysts are growing increasingly cautious on BTC’s near-term outlook One trader explained that a recently emerged technical pattern seems to indicate downside is imminent It […] дальше »

2020-8-5 02:00


This Technical Pattern Suggests Bitcoin is Ready to Push Towards $14,000

Bitcoin has now entered a clear consolidation phase as its price hovers above $11,000 Bulls were able to maintain their strength overnight, pushing BTC towards $11,200 as bears lose their support BTC’s overt strength at the present moment suggests that it is well-positioned to see further near-term upside One analyst is also pointing to the emergence of a technical pattern as another reason why it may push higher He notes that this pattern could send […] дальше »

2020-7-30 21:00


Why Bitcoin’s Bullish Accumulation Pattern Could Still Result in a Move to $7k

Bitcoin and the aggregated cryptocurrency market are continuing to flash some signs of strength BTC is now pushing up towards $9,600, with its slow grind higher allowing it to surmount the slight resistance it faced around this price region This recent price action does appear to confirm the existence of a bullish accumulation pattern, which is a positive sign for its outlook One analyst is explaining that the crypto could still decline towards $7,000 despite […] дальше »

2020-7-26 19:00


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Bitcoin’s Pattern Breakout Fails to Clear Overhead Resistance

The Bitcoin (BTC) price has been decreasing since it reached a high of $9,379 on July 7. Today, it broke out from a descending wedge, but could not sustain the higher prices. Bitcoin Short-Term Breakout The hourly chart for BC reveals that the price has been decreasing since a high of $9,379 reached on July […] The post Bitcoin’s Pattern Breakout Fails to Clear Overhead Resistance appeared first on BeInCrypto. дальше »

2020-7-8 11:55


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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 […] дальше »

2020-6-25 21:00


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If History Rhymes, Ethereum May Have Just Hit Its Mid-Term Peak

Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and even months, struggling to garner any independent momentum This correlation has grown particularly clear over the past few weeks, as ETH is now trading within a firm consolidation channel alongside BTC and other altcoins It is important to note that one fractal pattern has emerged that appears to suggest Ethereum has formed a mid-term top If history repeats itself, the crypto […] дальше »

2020-6-18 23:00


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Here are the Simple Reasons Why Bitcoin May Soon Explode Past $10,500

After a brief break below $9,000 earlier this week, Bitcoin has been able to post a strong rebound from these lows, now navigating back up towards $9,600 This climb seen throughout yesterday is certainly positive for bulls, as it points to underlying strength amongst BTC’s buyers Analysts are now laying out a few simple reasons for why this recent price action could mark an accumulation pattern If this pattern plays out, then BTC is bound […] дальше »

2020-6-17 21:00


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Bitcoin Will Confirm a Massive Bearish Distribution Pattern if it Breaks $8,600

Bitcoin’s long-held consolidation phase came to an end yesterday evening when sellers pushed the benchmark cryptocurrency below $9,000 Although buyers stepped up and quickly defended against further losses, they have been unable to catalyze any type of sharp recovery It now appears that BTC is well positioned to see a notable decline in the days ahead as sellers target the key support at $8,600 If this level is broken below, a massive distribution pattern will […] дальше »

2020-6-16 21:00


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Analysts Expect Bitcoin to See “At Least 18 Weeks” of Blood Due to This Pattern

Bitcoin saw some immense overnight turbulence that caused its price to plummet from highs of nearly $9,900 to lows of $9,400 on many exchanges This movement liquidated over-leveraged long and short-positions, and further confirmed that BTC is caught within a tight trading range Despite its current stability, one pattern now indicates that Bitcoin is positioned to make a massive movement in the near-term One analyst believes that this movement will favor sellers, as a pattern […] дальше »

2020-6-10 21:00


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Bitcoin Gets Rejected Once More by $10,500 Resistance

On June 1, the Bitcoin (BTC) price broke out from a pattern that had been in place for nearly one month and proceeded to reach a high of $10,380. While this is a very bullish development, the price has yet to move above a crucial resistance area that will likely determine the direction of the […] The post Bitcoin Gets Rejected Once More by $10,500 Resistance appeared first on BeInCrypto. дальше »

2020-6-3 19:58


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Here’s Why Traders Think Bitcoin is on the Cusp of Printing a $1,000 Candle

Bitcoin has continued ranging sideways within the upper-$9,000 region following a series of rejections at $10,000 The ongoing bout of sideways trading may mark buyers’ attempt to generate increased trading activity from bulls Analysts are noting that Bitcoin is nearing the apex of a large ascending triangle The resolution of this pattern could be the impetus for BTC to print a $1,000 candle Bitcoin has struggled to garner much momentum in recent times, with its […] дальше »

2020-5-21 02:00


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Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK

The Bitcoin price has been decreasing inside a bearish pattern since April 30. At the time of writing, the price was trading near $8,900. With the third BTC halving projected to occur on May 12, Google search interest for the event is at an all-time high, a value more than four times the previous all-time […] The post Crypto Price Analysis May 5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, LINK appeared first on BeInCrypto. дальше »

2020-5-6 19:15