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Traders Forecast Bitcoin Will See a “Cool-down Period” as Rally Overheats

Bitcoin has been caught within the throes of a consolidation phase ever since its price exploded up to its recent highs of $18,600 The selling pressure that existed here was significant and sparked a $1,000+ move lower that was eventually absorbed by bulls This price action has done little to provide insight into its near-term outlook, as both bulls and bears have shown signs of strength Whether or not it can break and hold above […] дальше »

2020-11-21 02:00

There’s Only Two Resistances Left Before Bitcoin Sets Fresh All-Time Highs

Bitcoin has seen unprecedented volatility throughout the past few days, with its ascent reaching a boiling point last night when bulls stepped up and sent it flying to highs of $18,600 The selling pressure here was quite intense and rapidly caused it to see a selloff Within a mere matter of minutes, its price declined from highs of $18,600 to lows of $17,400, with the support here sparking a sharp rebound It has since stabilized […] дальше »

2020-11-19 02:00

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Analysts Expect Bitcoin to Rally to $19,000 Next Despite Spike in Funding

For the first time in weeks, Bitcoin saw a massive selloff yesterday evening that caused its price to reel to lows of $17,400 These lows came just over an hour after the cryptocurrency hit highs of $18,600, with this marking a fresh post-2017 high Where the entire market trends in the near-term will depend largely on how Bitcoin continues trading in the time following this selloff Bulls were able to push BTC back above $18,000 […] дальше »

2020-11-19 21:00

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Bitcoin OTC Deals on the Rise; Suggesting Large Buyers are Entering the Market

Bitcoin has been flashing signs of immense strength throughout the past few days and weeks, with buyers taking full control of its price action Where it trends in the near-term will likely depend largely on whether or not the crypto can gain a stable footing within the lower-$17,000 region If the selling pressure here proves to be too much for the crypto to handle, it could enter a consolidation phase and trade below this level […] дальше »

2020-11-18 02:00

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Bitcoin Sees “Longest and Most Stable” Rally Ever as Bulls Clock 73% in 73 days

Bitcoin and the aggregated crypto market are pushing higher today, with BTC breaking above $17,000 while Ethereum helps lead altcoins higher as well The benchmark cryptocurrency hasn’t seen much selling pressure at this level, despite it long being viewed as resistance It has struggled to break above this level a few times, but the selling pressure here has not catalyzed any sharp selloff Where it trends next will depend largely on whether or not it […] дальше »

2020-11-18 21:00

If History Rhymes, Bitcoin Will See Steep Corrections Before New Highs

Bitcoin is clearly in a full-blown bull market, with each dip being aggressively absorbed by buyers as it continues grinding higher Unlike BTC rallies of the past, this latest one has mainly been a slow grind higher, which is a testament to the crypto’s maturation as an asset It has seen a few strong pullbacks throughout the course of this recent push higher, but it is important to note that buyers have quickly reversed all […] дальше »

2020-11-17 02:00

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Bitcoin Hovers at High Time Frame Resistance, But Bulls Stay in Control

Bitcoin saw a strong push higher today despite some weakness yesterday Where the benchmark cryptocurrency trends in the near-term will depend largely on whether or not bulls can flip the resistance at $16,500 A break above this level would open the gates for a move into the $17,000 region The coming few days and weeks should provide some serious insights into where the markets will trend in the days and weeks ahead One trader is […] дальше »

2020-11-16 21:00