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Bitcoin OI Just Hit a Multi-Month High, Suggesting Fireworks are Inbound

Bitcoin’s intense consolidation phase is now approaching its fourth month The cryptocurrency is still offering little insight into where it might go once this trend breaks It also remains unclear as to what could catalyze this range to break, and both buyers and sellers have been increasingly moving to the sidelines as of late One factor to observe in the near-term is the massive amount of outstanding open interest within the market This metric currently […] дальше »

2020-7-17 21:00


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Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that the Bitcoin top is in, as most have flipped short on the benchmark digital asset This comes as a bear-favoring […] дальше »

2020-6-30 02:00


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Bitcoin Analysts Eye Move to $7,000 Region as Support Begins Dissolving

Bitcoin has faced some mounting downwards pressure today that has led it to its key support within the lower-$9,000 region This downtrend comes after a series of strong rejections at $10,000, and was triggered by news of a 2009 BTC wallet moving crypto around This decline has led the crypto to invalidate a previously bullish technical formation, and analysts are now expecting it to see further downside in the days ahead Bitcoin is rapidly approaching […] дальше »

2020-5-22 02:00


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Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […] дальше »

2020-4-30 21:00


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This “Golden Pocket” Could Wipeout Ethereum’s Momentum

Ethereum is rapidly approaching its local highs as bulls begin garnering significant strength There is one “golden pocket” resistance level that could spark a major selloff if ETH is rejected here Some top traders are still noting that they expect this uptrend to extend significantly further The intense uptrend Ethereum incurred yesterday was able to further extend overnight, with the cryptocurrency pushing will into the mid-$180 region as its buyers make a bid at revisiting […] дальше »

2020-4-24 23:00