Bitcoin saw some notable overnight volatility that caused it to post an upswing followed by a swift rejection, before once again climbing higher
The benchmark cryptocurrency is now moving to test its next key resistance that sits at roughly $9,500
Analysts are now noting that a clean break throughout a heavy overhead supply region just above BTC’s current price could be just what it needs to make a move up to $14,000
Bitcoin’s intense uptrend has continued strong. The cryptocurrency is now navigating towards its next overhead supply region within the mid-to-upper $9,000 region.
It does appear that the cryptocurrency is beginning to build some serious underlying strength, as each bout of consolidation seen throughout the past couple of months has resulted in bull-favoring breakouts.
One analyst is now noting that BTC could be positioned to rally up to highs of $14,000 in the near-term if it is able to surmount the heavy resistance it faces just above its current price level.
Bitcoin Approaches Massive Resistance Region
At the time of writing, Bitcoin is trading up just under 2% at its current price of $9,400.
This marks a notable climb from daily lows of just over $9,000 that were set yesterday after the cryptocurrency initially faced a grim rejection around its current price levels.
This rejection proved to be short-lived, as buyers quickly stepped up and helped propel the cryptocurrency back up to the mid-$9,000 region.
It is important to note that it has not yet been able to firmly surmount the first key horizontal resistance level it faces at between $9,400 and $9,500. BTC has so far posted 3 rejections at price levels within this range.
BTC also appears to be entering into a massive supply area that has been established over many months.
One analyst spoke about this area in a recent tweet, pointing to a chart showing a range between roughly $9,500 and $12,000.
“Will this supply area hold a 3rd time?” He asked while referencing the below chart.
Image Courtesy of George
Analyst: BTC On Track to Target $14,000 Next
Another popular analyst mused a highly bullish possibility in a recent tweet, telling his followers that he believes Bitcoin is presently well-situated to move up to highs of $14,000 in the near-term.
He notes that in order for this path forward to come to fruition, it is imperative that bulls step up and shatter the resistance existing between $9,700 and $10,500.
“The last barrier between us and my 14k target is this 9.7k-10.5k region. If we break it now, 14k+ will likely come soon after. If we reject it, we will get one last dip before breaking it. Either way, 14k+ is coming imo,” he noted.
Image Courtesy of Credible Crypto
Featured image from Unplash. origin »
Bitcoin’s price action has market observers anticipating its next move. Some see a potential move toward $120k and beyond, but the trajectory might not be a walk in the park. While a breakout lately suggests more upside, there’s a need for caution as a pullback could come first.
Bitcoin has been navigating a period of massive volatility and uncertainty, leaving the market on edge as price action hints at a significant move on the horizon. After holding above the critical $100,000 level, BTC has demonstrated resilience despite the turbulence.
October has historically been one of Bitcoin‘s best-performing months, triggering notable price increases over the years. Considering the price of BTC this month, several crypto analysts believe that the digital asset could be gearing up for a breakout that might catalyze a move to new all-time highs.
Jason Pizzino, a crypto analyst, shared insights on Bitcoin’s price movement and market indicators in a YouTube video titled “Bitcoin PUMPING: This Indicator ALWAYS Starts a Massive Move! (Signal is Flashing)”.
Bitcoin surged by 7.4% in just 12 hours.
Whale activity indicates a bullish rally.
Bitcoin [BTC] just pulled a fast one by jumping 7.4% in the last 12 hours. This sudden move has everyone asThe post Bitcoin whales on the move at $57K - To buy or sell? appeared first on AMBCrypto.
The potential for Bitcoin to lose its value is a hot topic. Investors wonder about the next move and how to safeguard their assets. The spotlight now shifts to alternative cryptocurrencies that may offer better opportunities.
Late Wednesday night, the SEC finally approved several applications for Bitcoin exchange-traded funds (ETFs) in the United States. This move marks a major milestone for the cryptocurrency industry, lending increased mainstream legitimacy and opening crypto up to more investors.
Bitcoin’s (BTC) recent performance has been a source of concern for its investors, as the world’s largest cryptocurrency struggles to maintain its upward trajectory. While the currency recently recorded a 12-month high slightly above $31,000, it is now facing potential profit-taking as miners signal a massive $128 Million move.
Bitcoin failed to stay above the $43,000 support against the US Dollar. BTC is trading in a bearish zone and could continue to move down below $41,200. Bitcoin is struggling to climb above the $42,500 and $42,800 resistance levels.
When Bitcoin price is in an uptrend or a downtrend, it is usually obvious and undeniable due to just how powerful things can move. For example, the cryptocurrency soared from $3,800 to $65,000 during the most recent impulse.
$30K, $40K, and $42K- These aren’t just figures, these are the levels that the market despaired over, anticipated, and celebrated, in that order. With Bitcoin rallying upward, the market is strikingThe post Bitcoin: Why you need to know about this historically significant move appeared first on AMBCrypto.
Bitcoin's market is devoid of any major price action of late. In fact, the king coin has been restrained within a rangebound zone for close to two months now. At the time of writing, BTC had already lThe post Bitcoin: Everything you need to know about this upcoming ‘violent move’ appeared first on AMBCrypto.
Bitcoin price is still consolidating below the asset’s current all-time high of $61,800 per coin. The leading cryptocurrency by market cap, however, could be about to make another enormous move.
Pioneer cryptocurrency Bitcoin did one for the record books today after it crossed the $22,000 mark for the first time in its 12-year history.
The post Bitcoin is now at $23,000, but legacy funds are calling a move to $400k appeared first on CryptoSlate.
Bitcoin has been highly volatile in recent weeks, but the futures market’s open interest indicates that traders should brace themselves for a big move.
Bitcoin has taken the ladder upwards, rising from $10,500 to about $11,400 in a somewhat sudden move. That comes after it sidewayed in a triangle, with it seemingly deciding to...
Bitcoin’s price has been seeing an incredibly tight bout of consolidation throughout the past 24-hours, forming a $50 trading range as it stays within the mid-$10,500 region This has created an air of uncertainty regarding where it may trend next, as it could easily see a swift move in either direction That being said, the cryptocurrency’s ability to find stability in the face of a barrage of multiple bearish news developments is positive One trader […]
Bitcoin continued its tumbling on Wednesday under the pressure of a rising US dollar. Safest Haven Returns The cryptocurrency plunged by up to 1.43 percent to hit an intraday low at circa $10,389. Its latest move downside came as a part of a larger bearish correction that began when BTC/USD had formed a year-to-date top […]
Bitcoin experienced a violent rejection at $12,000 on Saturday night. The move resulted in hundreds of millions worth of buy-side liquidations, then millions more on the sell-side on the bounce. Analysts say that for Bitcoin to confirm more upside, it will need to flip $11,500 into support.
Despite the surge over the past few weeks, not all analysts are convinced Bitcoin is in a full-blown bull market. There remain commentators who argue that this move may just be a range deviation before a move back to the $9,000s, then lower.
Bitcoin Live chief strategist and analyst Bob Loukas has shared his bullish call, saying that Bitcoin needs to break above $10,600 immediately to confirm a bull move
The Bitcoin price has broken out from a descending wedge but has yet to move above an important resistance level. Technical indicators have begun to show weakness. Yesterday, the Bitcoin price began an upward move and broke out above the current resistance level.
On April 29, the Bitcoin (BTC) price broke out from a short-term ascending channel that had been in place for the past five days. The price reached a high of $7966 before decreasing slightly. Bitcoin’s Breakout After five unsuccessful attempts at moving above the resistance line, the Bitcoin price finally managed to move above it […]
The post Bitcoin’s Breakout: New Upward Move or Retracement? appeared first on BeInCrypto.
There is no doubt Bitcoin has been adversely affected by the outbreak of COVID-19. Crypto assets, like many other mainstream asset classes, experienced a large downturn in the middle of March. It was a move in global markets based on fears that the coronavirus lockdowns could cause a widespread economic contraction, maybe even a full-blown...
Plustoken’s stash of bitcoin is on the move again. The haul of ill-gotten gains, amassed during a long-running Ponzi scheme that accrued 187,000 BTC, has been sporadically liquidated, impacting the market price of bitcoin in the process.
Late last month, Bitcoin (BTC) suddenly exploded higher. In under 24 hours, the leading cryptocurrency shot from $7,300 to $10,600 in a now-historic pump that caught countless traders slacking. This move was decisively bullish, as it was, after all, the fourth-largest daily move in Bitcoin’s history, and the largest daily move in over seven years.
As has been expected, Bitcoin has yet again fallen below $8,000 after making a good start of the week and surging to $8,300 level, as the leading cryptocurrency has been doing all October. It’s been a month now that Bitcoin is trading around $8k, unable to make a strong move. As such, Bitcoin volatility has […]
The ability to move large sums of money in Bitcoin (BTC) at remarkably low costs continues to prove itself true. Often referred to as ‘whales’, massive BTC transactions have been recently completed with fees that are far less than legacy banking.
The king coin, days after double-dipping its 100-day moving average, is chocked under the margin of $10,500. Following the massive drop from $10,800 on 6 September, Bitcoin has been rebounding from resistance after resistance and now looks to move outward.
There has been very little movement on bitcoin price charts over the past couple of days. BTC has found its temporary floor in four figures and the consolidation has continued in a tight range bound channel.
Bitcoin and the aggregated crypto markets have continued to extend the downwards movement that they incurred yesterday, and BTC is now approaching its next region of psychological importance that exists around $11,000.
Bitcoin has been on a tear lately, exploding from $3,000 to over $13,850. While pundits try and ascribe reasons for the move, bitcoin traders who have managed to ride the wave are cheering. For now.
Bitcoin has shot past $7k, climbing to over $7,500. Though it has come back to $7,120, in the past ten days, the leading cryptocurrency has surged 30 percent. As Fundstrat’s Tom Lee says, the strong move in crypto records in 10 days only.
With Bitcoin constantly testing a big resistance zone price predictions are coming thick and fast. The longer BTC stays below the $4,000 barrier the more likely a move to the downside will occur.
The cryptocurrency market has been in a rough state since the start of 2018, but the sentiment held by industry leaders, analysts, and experts indicate that Bitcoin is ready to move upwards. Resolute Bitcoin Bear Says Bitcoin Could Move To $8,000 Over the past week, Bitcoin has seen a stellar week, moving from a low […]
The post Market Leaders Call For Bitcoin To Move Higher, Including Staunch Bitcoin Bear appeared first on Ethereum World News.
Tron had massive price appreciation yesterday which brought it briefly near the $0. 045 level. As price approached the $0. 045 point yesterday, it met strong resistance at the 50EMA and made a strong move back downwards closing very close to the same price level it opened at.
Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.
Bitcoin (BTC) is under significant pressure after experiencing a substantial 14% retrace from $65,103 to $55,602. This downturn is occurring amidst a climate of fear and uncertainty impacting both the cryptocurrency and US stock markets.
Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]
Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.
On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]
Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]
An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.
