Why Today’s Bitcoin Rally Does Not Mean The End of The Bear Market

2019-4-2 18:19

Following over a year of falling prices and market cap, Bitcoin has finally broken resistance to lead a crypto rally. All but four coins in the top 100 are in the green, with many gaining double-digits.

So far, Coinbases’s BTC/USD 1 hour chart shows a sustained upward trend, but given the unpredictability of crypto markets,. . .

The post Why Today’s Bitcoin Rally Does Not Mean The End of The Bear Market appeared first on NewsBTC.

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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume.

2019-3-19 01:17