More Buying Slots Ahead Even as Bitcoin Hits Record High: Analyst

Bitcoin has become too expensive to purchase following its wild run-up above $37,500 this Thursday. But the cryptocurrency still provides attractive buying opportunities with lower risk profiles. Investment consultants at TradingShot provided a fractal-based outlook of Bitcoin’s previous parabolic move in 2017 and the price corrections that appeared during the period.

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Winklevoss Twins Double Down on $500,000 Bitcoin Call

Bitcoin has enjoyed an extremely strong rally over the past few months that has brought it from the $10,000 region to $29,000. Since the start of the year, the cryptocurrency is up even more. While many investors are already up on their investment in BTC, there are still expectations of upside on a macro scale.

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High volume surge propels Bitcoin price to a new all-time high at $29,000

Bitcoin bulls obliterated the $28,500 resistance with a high-volume surge, but the $30,000 level could still pose a challenge.

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After ‘very healthy’ correction, why most industry experts are still bullish on Bitcoin

Soon after bitcoin shed over $2,500, when it dropped to $25,772 from the $28,000 range, on 27 December, a crypto analyst concluded that this phenomenon was a “very healthy correction.” Trader and The post After ‘very healthy’ correction, why most industry experts are still bullish on Bitcoin appeared first on AMBCrypto.

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This Historically Accurate Bitcoin Fractal Now Calls for a Correction to $17,500

Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more All the while, Bitcoin’s price remains steady and stable above $23,000 – around where it is still trading at […]

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Technical analysis: Bitcoin targets growth curve above $22k

Bitcoin (BTC) price has hit a new all-time high above $22,500 but could still…

The post Technical analysis: Bitcoin targets growth curve above $22k appeared first on Coin Journal.

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TA: Bitcoin Stuck In A Crucial Range, Why $19.5K Is The Key

Bitcoin price is still trading in a broad range below the $19,500 resistance against the US Dollar. BTC must gain strength above $19,500 to start a fresh rally in the near term. Bitcoin is facing a strong resistance near the $19,500 and $19,580 levels.

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TA: Bitcoin is Facing Uphill Task, Why Bears Could Gain Strength Below $19K

Bitcoin price broke the $19,200 resistance, but it is still struggling near $19,500 against the US Dollar. BTC could decline sharply if there is a clear break below $19,150 and $19,000. Bitcoin is struggling to gain bullish momentum above $19,400 and $19,500.

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Ethereum Could Plunge Below $500 Despite Ongoing Rebound, Claims Analyst

Ethereum has been facing some turbulent price action throughout the past few days and weeks, with the selling pressure seen in the lower-$600 region forcing it lower on multiple occasions This has come about due to its close connections to Bitcoin and its price action, with the benchmark crypto’s inability to break $19,800 hampering the growth seen by ETH as well Despite the strong rebounds seen following every dip, sellers are still trying to fade […]

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Bitcoin Still Has Potential to Run 2,500%: Tyler Winklevoss

Bitcoin recently set a new all-time high just shy of $20,000 on some top exchanges. Despite the strong rally from the March lows, analysts think there is further room for a rally. Speaking on CNBC on Monday, Tyler Winklevoss of Gemini said that Bitcoin could rally 2,500% from current levels.

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TA: Bitcoin Price Corrects 5%, Why Bulls Are Still Comfortable

Bitcoin price formed a double top pattern near $19,500 and corrected lower against the US Dollar. BTC is now trading below $18,500 and it could test the $18,000 support or $17,600. Bitcoin failed again to clear the $19,500 resistance and started a sharp downside correction.

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TA: Bitcoin Stuck In Range, Why BTC Remains At Risk of A Sharp Correction

Bitcoin price failed again to clear the $18,800 resistance against the US Dollar. BTC is trading in a range and it could correct lower sharply if there is a break below $18,200. Bitcoin is still trading well below the key resistance area near the $18,700 and $18,800 levels. The price is now below $18,500 and […]

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Analysts Still Expect Ethereum Rally to $500 Despite $40 Flash Drop

Analysts think that Ethereum is primed to press higher despite last night’s $40 drop. One analyst noted that Ethereum remains in an extremely advantageous position on a macro time frame. He shared a chart showing that ETH is currently sitting above macro supports, meaning it has room to stretch toward $800 and beyond as it continues to hold those technical levels.

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Analysts Expect Move to $20,000 High as Bitcoin Holds Key Supports

Bitcoin underwent a rapid correction last evening after the coin pressed as high as $18,500 on leading exchanges. Even still, analysts remain optimistic on the leading cryptocurrency. One trader said that since Bitcoin managed to hold key support levels despite entering the low-$17,000s twice in the span of a few hours, it could move to new highs.

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Ethereum still bullish, but $500 price break still not in sight

Daily gains on the live charts may not mirror a bullish Ethereum, but “IncomingSharks” a cryptocurrency analyst explained to his Twitter audience that Etherhttps://zycrypto. com/tag/ethereumeum, the world’s second most valued cryptocurrency by market capitalization is still buoyant enough to hold support at its current price.

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Why New Highs May Be Imminent For Bitcoin if $16,150 is Reclaimed

Bitcoin has begun to slide lower over the past few days as selling pressure has tapered off at the $16,500 highs. The leading cryptocurrency currently trades for $15,900, a few percent below those highs but still situated above key support levels.

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Bitcoin’s On-Chain Fundamentals Still Bullish, Says Leading Analyst

Bitcoin has faced a slight retracement since the $16,500 highs set a few days ago. The leading cryptocurrency has dropped to $16,000 as of this article’s writing and fell as low as $15,700 on Saturday morning.

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Bullish Pennant Predicts Ethereum Will Soon Shoot Towards $500

Ethereum has consolidated since hitting the $465 highs last week. It is neither up nor down in the past 24 hours. Still, analysts say that Ethereum is primed to move even higher in the weeks ahead.

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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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Here’s How Bitcoin Can Still Thrust to $17,000 In the Near Future

Bitcoin has undergone a strong drop since the weekly highs of $15,975. The price of the leading cryptocurrency is $14,800 as of this article’s writing, $1,200 shy of the highs but $500 above the daily lows.

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Ethereum Struggles to Hold $450, But Analysts Still Expect $500+

It has been a turbulent morning for the crypto market, with Bitcoin trending down towards $15,000 while creating headwinds for altcoins That being said, Ethereum has largely been able to dodge these headwinds, posting a strong recovery from its brief early-morning dip towards lows of $440 It is once again moving to reclaim its $450 resistance, and flipping this level into support is vital for the cryptocurrency to see any significant upwards momentum One trader […]

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Bitcoin (BTC) surges near $16k as US elections drag out

Despite the turbulent situation in the US as the presidential election is still on-going, this has been very good several days for crypto. So much so, that Bitcoin price managed to go up by over $2,500 in only three days.

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Bitcoin Key Indicators Suggest A Strengthening Case For Rally Above $11.5K

Bitcoin price is holding an important support near the $11,230 level against the US Dollar. BTC is likely to rally above $11,500 as long as it is above the $11,000 pivot level. Bitcoin started a downside correction after it failed to clear the $11,600 resistance zone.

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TA: Bitcoin Could Start A Major Correction If it Closes Below $11,200

Bitcoin price is still struggling to gain bullish momentum above $11,500 against the US Dollar. BTC could start a major downside correction if it breaks $11,200 and the 100 hourly SMA. Bitcoin is struggling to settle above the $11,500 and $11,520 resistance levels.

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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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Three Key Reasons Why Bitcoin’s Macro Chart Is Still Bullish

Bitcoin has undergone a strong rally over recent months from the March lows to $12,500 at the August highs. Not everyone is convinced that the crypto’s macro trend is positive, though. They point to the fact that Bitcoin has yet to firmly establish itself above $11,500 and $12,000.

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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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Bitfinex Hackers Move $26M Worth Of Bitcoin to Unknown Wallets; Still Ignoring $400M Reward

Nearly 2,500 Bitcoins stolen from Bitfinex exchange in 2016 are on the move once again – following similar multimillion-dollar moves this August ($12M and then $5. 7M). A total of 2479. 62 BTC (~$26 million) moved from the Bitfinex hacker’s account to unknown wallets, Whale Alerts reported on Oct.

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As Long as Bitcoin Holds $10,500, Price Could Hit $11,200: Analyst

Bitcoin has stagnated at the local highs around $10,700 over the past few hours and days. The leading cryptocurrency remains below the highs it set last week prior to the BitMEX news breaking. Analysts are still optimistic about the cryptocurrency despite the ongoing stagnation and relatively weak price action.

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“Structural Deflation” In Europe to Boost Bitcoin Growth: Macro Investor

Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say.

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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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Bitcoin (BTC) price erases weekly losses

Bitcoin (BTC) price is trading sideways but still above the 200-DMA at $10,500. The long-term prospect for Bitcoin’s mass adoption may be accelerated by social media, according to Jack Dorsey, co-founder and CEO of Twitter.

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Why Is Everyone Bearish? Analyst Asks as Bitcoin Macro Structure Still Bullish

Early in September, Bitcoin underwent a strong reversal that brought the coin to $9,800 from $12,500. The drop marked a crucial rejection of the $12,000 horizontal level on a weekly basis. There are some analysts that flipped bearish after Bitcoin formed that pivotal rejection.

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One of Bitcoin’s Bull-Scenarios Was Invalidated by Selloff; Factors to Consider

Bitcoin has been caught in the throes of immense volatility throughout the past few days, with the cryptocurrency being unable to form a sustainable trend This has led investors to question what could come next for BTC, as it is still caught within the long-held trading range between $10,000 and $11,000 That being said, the latest decline that sent the crypto reeling down from its $10,500 daily highs struck a blow to its technical outlook […]

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Despite $2,000 Drop, Bitcoin Is Holding a Critical Macro Level

Bitcoin has undergone a strong rejection over recent weeks. The coin, after peaking at $12,500 in August, dropped as low as $9,800 earlier this month. The coin now trades at $10,400 — still over $2,000 below the year-to-date highs.

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Survey Suggest 40% of Yield Farmers Can’t Read Smart Contracts; Still Pulling 500% Returns

A recent survey from Coingecko revealed that almost half of the DeFi yield farmers couldn't read the smart contracts of the project they join. A majority of these yield farmers depend on auditors to monitor the security aspects of the project.

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Bitcoin Jumps 5%, But $11,000 Is Still A Crucial Breakout Resistance

Bitcoin price is slowly gaining momentum and it broke the $10,700 resistance against the US Dollar. BTC is up 5%, but it is still facing a major resistance near $10,800 and $11,000. Bitcoin is rising and it broke the $10,500 and $10,700 resistance levels.

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Bitcoin Reclaims Crucial Technical Support as “Smart Money” Flips Long

Bitcoin is showing some intense signs of strength today, with the cryptocurrency’s price rallying towards its recent highs of $10,500 while the aggregated market also sees some strong momentum. Because BTC has yet to break above $10,500, its near-term outlook still remains somewhat unclear.

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Bitcoin is Gearing Up for a Major Push Lower as Analysts Eye $9,600

Bitcoin’s inability to break above $10,500 speaks to some underlying weakness amongst the cryptocurrency’s bulls It also shows that the bears still have the edge over the benchmark crypto’s price action, which could mean that a break below its key support between $9,900 and $10,000 is imminent BTC is currently caught within a consolidation phase, being unable to find any strong momentum following the recent rejection Analysts are growing bearish on its near-term outlook, with […]

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Bitcoin Bulls Are Safe Despite Lack In Momentum Above $10.5K: Here’s Why

Bitcoin price started a decent recovery wave above the $10,200 resistance against the US Dollar. BTC is still struggling near $10,500, but dips are likely to remain supported near $10,200. Bitcoin is currently correcting lower from the $10,500 resistance zone.

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Bitcoin At Potential Risk of Breakdown Below $10,000: Here’s Why

Bitcoin price traded to a new monthly low at $9,853 before correcting higher against the US Dollar. BTC is still following a bearish pattern and it is likely to accelerate lower below $10,000. Bitcoin is trading in a bearish zone below the $10,800 and $10,500 support levels.

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This Historical Analysis Suggests Bitcoin Price Will Undergo a “Quick Reversal”

Even after a healthy $500 bounce, Bitcoin is still down over 15% in the span of four days. The price of the leading cryptocurrency is currently $10,250, around $500 above the recent lows. BTC remains in an uncertain spot, with strong support to the downside but also strong resistance on the upside.

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What flash crash? ETH options still favor $500 Ethereum price

Ethereum price corrected 13% but derivatives data still support a $500 Ether price.

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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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Institutional Investors Cut Down on Shorting Bitcoin; Start of the Next Bull Run?

As we come to the end of the month, Bitcoin is trading above $11,500, capping at +2% returns, and +27% in Q3. It has been after a week that the digital asset went above $11,700 today, but ‘real’ spot volume is still low at just $1 billion.

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Bitcoin short-term price analysis: 30 August

Bitcoin has hit $12,400 and  $11,100 within the last two weeks but still, the price is range-bound. The range being $12,500 to $10,850. Since bitcoin's tap at the $11,500 low on August 5, the pricThe post Bitcoin short-term price analysis: 30 August appeared first on AMBCrypto.

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Winklevoss Twins: Undervalued Bitcoin Could Hit $500,000 As It’s The Only Long-Term Hedge Against Inflation

If you think you have missed out on Bitcoin’s massive 2020 gains, you might want to think again. Cameron and Tyler Winklevoss, crypto billionaires, and the co-founders of the Gemini crypto exchange believe that the bellwether cryptocurrency still has more gas left in the tank as it is wildly undervalued at anything less than $500,000 […]

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Ethereum Still Likely to Dive to $360 Support as Funding Stays Neutral

Ethereum and Bitcoin have both posted notable rebounds after facing some intense weakness throughout the early morning hours ETH was able to rally from lows of $380 to highs of well over $390, while Bitcoin pushed back above $11,500 after dipping to $11,200 This strength is an incredibly positive sign for the market, as it shows that buyers still have underlying strength Despite this strength, analysts are still short on Ethereum, with one trader noting […]

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Bitcoin Is Just 17% Away From Setting a New Monthly All-Time High

Bitcoin has been on a strong rally over recent weeks, rising as high as $12,500. Even still, BTC remains far below the $20,000 all-time high it set at the end of 2017. The cryptocurrency is only 17% away, though, from setting a new monthly candle high.

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