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Bitcoin “Bear Whales” Show Signs of Exhaustion as Analysts Eye Upside

Bitcoin’s price has been fairly stagnant throughout the past few days, with its recent rejection at highs of $28,500 kicking off a short-term consolidation phase Where the crypto trends in the mid-term may depend largely on whether or not bulls can invalidate these highs as a potential “blow-off top” There has been speculation that the swiftness of the rally and rejection confirmed the bear-favoring pattern, but BTC’s resilience in the time since is a promising […] дальше »

2020-12-29 21:00


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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