Bitcoin in a consolidation phase: This signals a bull run, analyst believes

BTC has declined by 10% over the past 30 days, yet it was in declining bullish consolidation. An analyst eyed a new ATH, based on previous consolidation cycles. Bitcoin [BTC], the largest crThe post Bitcoin in a consolidation phase: This signals a bull run, analyst believes appeared first on AMBCrypto.

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Bitcoin Surge To $70,000 Looms as Price Breaches Long Consolidation

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Bitcoin (BTC) Resumes Consolidation Above and Below $30,000

Bitcoin (BTC) has failed to sustain a minor support area and risks breaking down from its 22-day consolidation pattern. The post Bitcoin (BTC) Resumes Consolidation Above and Below $30,000 appeared first on BeInCrypto.

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Altcoin & DeFi Market Booming: Chainlink (LINK) Sets New Record-High amid Bitcoin Consolidation

Continue reading at Coinspeaker

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Bitcoin Just Dove Toward $18,300 After Days of Consolidation

Bitcoin is forming its first big breakdown in a number of days after consolidation in the $19,000 region. The coin currently trades for $18,300, down 3. 5%-4% in the past 24 hours as the market finally posts a notable red day.

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Bitcoin Reaches Critical Level as Bulls Attempt to Spark Fresh Uptrend

Bitcoin’s price has been stuck within a macro consolidation phase for the past several months This consolidation has led to the formation of a trading range between $10,000 and $12,400, with bulls and bears with being unable to break above or below either of these levels One analyst is now noting that data seems to suggest that BTC is currently trading at a pivotal level for its future Although $20,000 is often looked upon as […]

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3 Crucial Reasons Why Bitcoin Could Soon Surge Higher From $8,500

Over the past few days, Bitcoin has finally stabilized after the strong price crash seen on Sunday through Wednesday that took BTC from $10,000 to $8,400. While some analysts fear that this consolidation is a precursor to another leg lower, referencing the fact that assets never trend in a straight line, there’s a case building that this is consolidation is indicative of a bottom.

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Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

Bitcoin's three-day price consolidation looks to be a bull breather before a continuation of the recent rally to above $4,000.

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Bitcoin (BTC) Price Analysis: Another Consolidation Test

Bitcoin suffered another sharp selloff from its earlier consolidation but is finding support at the bottom of the symmetrical triangle on its 4-hour chart. Price could be due for a bounce to the top of the triangle around $6,400 again.

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Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip

Digital asset prices dropped in value on Monday after the last few weeks of cryptocurrency market consolidation and stability. Around 8:10 a. m. EDT on Oct. 29, the top 10 digital currency markets saw percentage losses of between 2-5%.

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XRP Among Underperforming Altcoins With Today’s Bearish Movement

Bitcoin broke the two-week pattern of low volume consolidation today with bearish downwards movement.   Although Ripple’s digital currency XRP was initially outperforming when Bitcoin began its consolidation, it began to mirror Bitcoin and trade sideways over the past week.

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Bitcoin [BTC] Finally Breaks Consolidation With Bearish Movement

Price action in Bitcoin has just ended a prolonged consolidation which continued for about two weeks with price trading from around $6380 to $6480. The consolidation was preceded by a bullish movement which took place two weeks ago which many anticipated was going to be the start of an uptrend.

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Bitcoin Cash (BCH) Daily Price Forecast – October 26

  BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH continues in consolidation in its medium-term outlook. The bears continued in their journey down south within the range with making a lower low at $444.

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Bitcoin Cash (BCH) Daily Price Forecast – October 25

  BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH continues in consolidation in its medium-term outlook. The bears returned at $453. 60 in the demand area after the formation of the doji.

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Bitcoin Cash (BCH) Daily Price Forecast – October 24

  BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH continues in consolidation in its medium-term outlook. The bears continue dominance came to an end after a dropped in the cryptocurrency at $444.

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Bitcoin (BTC) Price Analysis: Upside and Downside Barriers

Bitcoin is still waiting on a symmetrical triangle consolidation breakout but has to also contend with nearby upside and downside barriers outside the formation. After all, price also seems to be moving in a range with resistance at $6,450 and support around $6,350.

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Bitcoin Cash (BCH) Daily Price Forecast – October 22

  BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH continues in consolidation in its medium-term outlook. The bullish pressure within the range was terminated after BCHUSD was up $466.

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The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.

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Bitcoin (BTC) Price Watch: Stuck in This Short-Term Range

Bitcoin Price Key Highlights Bitcoin price is still treading sideways, right in the middle of its range visible on the 1-hour and 4-hour charts. Price has yet to break out of the current consolidation to show whether it would make a test of support or resistance.

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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days.

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Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

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Ripple’s Digital Currency XRP Forms Lower High! Set to Return to Downside?

While the market leader Bitcoin has returned to consolidation with low volume trading, the third largest cryptocurrency by market capitalization has been making some significant movements. Ripple’s digital currency had been on a downward spiral since a bearish divergence occurred between price and RSI at the start of October.

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Bitcoin Back to Consolidation as Volatility Reapproaches 2018 Lows

Bitcoin is back to consolidation after a sharp drop last Thursday and a spike this Monday. The sharp drop seen on Thursday was preceded by about two weeks of consolidation where price traded on low volume and volatility reached 2018 lows.

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Bitcoin (BTC) Price Analysis: Bullish Continuation Breakout!

Bitcoin recently formed a flag consolidation pattern after its sharp rally and fade from the triangle top. This is often seen as a bullish continuation signal, with an upside break possibly leading to a climb that’s the same height as the flag’s mast.

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Bitcoin Back to Consolidation After Spike

Bitcoin is back to consolidating after a price spike on Monday. Price appreciated on Monday from around $6200 to approximately $6800 and has since retraced to about $6450. Volatility also spiked on this rise but has since started to drop as price trades relatively sideways on low volume.

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Bitcoin Cash (BCH) Daily Price Forecast – October 17

  BCH/USD Medium-term Trend: Ranging Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH is in consolidation in its medium-term outlook. The bulls upward price movement was nullified at $479.

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Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart. Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues.

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Bitcoin Price Analysis: Bitcoin Consolidation Forecasts $3,500 Move

A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors.

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Bitcoin Price Analysis: BTC is On The Verge Of A Bullish Breakout

BTCUSD Medium-term Trend: Bullish Resistance levels: $6,609, $6,744, $6,918                                             Support levels: $6,439, $6,286, $6,145 The BTC broke out from the ranging mode it was last week.

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Strong Bullish Outlook for Bitcoin After Recent Spike

After two weeks of consolidation and volatility forming new lows almost every day, it looked as if the price was going to have a bearish breakout. A fall on Thursday saw price trade below the triangle pattern which had been forming since January.

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Bitcoin (BTC) Price Analysis: Still Buying on Dips?

Bitcoin has formed lower highs and higher lows on its daily time frame to create a symmetrical triangle consolidation pattern. Price has dropped back down to support, which appears to be defended by bulls buying on dips.

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Bitcoin (BTC) Price Watch: Just a Few Support Zones Left

Bitcoin Price Key Highlights Bitcoin price also broke below the longer-term triangle support and is aiming lower. This follows a short-term triangle consolidation break, signaling that further losses are underway.

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Bitcoin (BTC) Price Analysis: Approaching Line in the Sand for Bulls

Bitcoin could be in for more losses as it fell through the bottom of the longer-term triangle consolidation visible on the daily time frame. This could mean that further declines are in the cards, although price could still bounce off the line in the sand for bulls around $5,800.

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Bitcoin (BTC) Price Analysis: Fake Out and Sharp Drop

Bitcoin appeared to make an upside break from the long-term triangle consolidation but wound up falling through a short-term triangle support. This brought price back to the longer-term floor, which bulls seem to be defending for now.

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Bitcoin Cash (BCH) Daily Price Forecast – October 10

  BCH/USD Medium-term Trend: Ranging Supply zones: $800, $900, $1000 Demand zones: $300, $200, $100 BCH still remains in consolidation in its medium-term outlook. $517.70 in the demand area was the low the cryptocurrency attained as the bearish pressure within the range continues before the end of yesterday session. The 4-hour opening candle at $520.50 […]

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Bitcoin Price Analysis: Consolidation Primes Market for Big Move

For several weeks, bitcoin has remained in a consolidating uptrend. The market hasn’t seen a new high since mid-September, but the lows have steadily gained higher and higher ground.

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Ethereum [ETH] Mirrors Bitcoin [BTC] Amid Continuing Consolidation

Ethereum has declined more than most projects this year as price depreciated from above $1400 in January to a 2018 low of around $173. Over the past month, the price has started to appreciate and form higher highs and higher lows.

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Bitcoin Stability A Sign Of A Bull Run?

The stability of Bitcoin has always been a bit shaky, however, over the past month or so, the leading crypto has been surprisingly… still. If you asked anyone earlier in the year why Bitcoin could never replace fiat currencies the first reason would most likely be due to its volatility and stability.

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Bitcoin Cash (BCH) Daily Price Forecast – October 9

  BCH/USD Medium-term Trend: Ranging Supply zones: $800, $900, $1000 Demand zones: $300, $200, $100 BCH remains in consolidation in its medium-term outlook. The bullish pressure within the range remains strong with BCH making a high of $536.

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Traders Remain Unsure of Bitcoin Direction As Volatility Hits 2018 Low

Bitcoin continues to consolidate as October progresses. Price action is trading around the end of the triangle pattern which has been forming since January. In previous articles, we outlined three potential scenarios which could play out.

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Bitcoin Cash (BCH) Daily Price Forecast – October 8

  BCH/USD Medium-term Trend: Ranging Supply zones: $800, $900, $1000 Demand zones: $300, $200, $100 BCH is in consolidation in its medium-term outlook. The railroad formation at $516. 20 in the supply area dropped the cryptocurrency to $505.

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Bitcoin (BTC) Price Analysis: Bullish Breakout Finally Happening?

Bitcoin has been stuck inside its symmetrical triangle consolidation for quite some time now, but bulls seem to be getting the upper hand. Price is already closing above the triangle top to signal that a longer-term climb is underway.

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Decred Outperforms Despite Week of Consolidation

In a week when Bitcoin and most of the cryptocurrency market consolidated, Decred has been recording steady rises on significant volume. The digital currency with community governance has been receiving some bullish reviews from online analysts this week, and the price has responded.

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A Week of Consolidation for Bitcoin

The triangle pattern which Bitcoin has been forming since January is approaching its end. Traders seem unsure of how the pattern is going to play out. This week has seen the price of Bitcoin consolidate with the volatility in the price of Bitcoin reaching consecutive lows for 2018.

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Bitcoin [BTC] Continues Consolidation as Bulls and Bears Battle

Bitcoin is continuing its consolidation as the bulls, and the bears seem unsure on where to place positions for the next breakout. The daily RSI has been consolidating into a triangle and trading around showing there is equal pressure from both the buyers and the sellers.

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Bitcoin Price Must Clear $6,800 for Range Breakout

Bitcoin's prolonged period of consolidation could end with an upside break if prices clear key resistance at $6,800.

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Bitcoin (BTC) Price Watch: Ready for a Long-Term Breakout?

Bitcoin Price Key Highlights Bitcoin is now at the very end of its long-term triangle consolidation pattern, so a breakout could happen anytime soon. Price is currently testing the resistance around $6,600 and a long green candle closing above this could be enough to signal further gains.

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Ether Price Analysis: Higher Lows Could Yield Retest of Local High

After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend line:Figure 1: ETH-USD, Weekly Candles, Downtrend and Record-Setting VolumeFor months, ether has been unable to break its downward trend.

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Bitcoin (BTC) Price Analysis: Consolidation at Bullish Channel Bottom

Bitcoin continues to trend higher in an ascending channel but is also consolidating in a short-term symmetrical triangle. The post Bitcoin (BTC) Price Analysis: Consolidation at Bullish Channel Bottom appeared first on Ethereum World News.

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