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06/07/20 01:00 by Nick Chong
Why an Analyst Isn’t Convinced Bitcoin Established a Top at $10,500
Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentim... Read More
05/07/20 22:00 by Nick Chong
Bitcoin Surged 150% After This Signal Last Appeared. It’s Almost Back Again
It’s been a slow past few weeks for the Bitcoin market. After hitting $10,500 at the start of June, the cryptocurrency has entered a short-term downtrend.
While some say that this price action i... Read More
04/07/20 01:00 by Nick Chong
A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return
To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anythi... Read More
02/07/20 12:59 by Yashu Gola
Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves
Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions.
The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,2... Read More
30/06/20 22:00 by Tony Spilotro
The Crypto Market’s Most Accurate Tool Says New Bitcoin Uptrend Is Here
The crypto market is at a pivotal moment. A new uptrend in Bitcoin was starting prior to the Black Thursday selloff, and now prices are consolidating below a critical level.
A breakout all but guarant... Read More
30/06/20 02:00 by Nick Chong
A “Huge” Bitcoin Move Is Imminent as Price Stalls in the Low-$9,000s
While Bitcoin has seen its fair share of short-term volatility, on a macro scale the cryptocurrency is still consolidating.
The below chart from Blockroots founder Josh Rager, a crypto trader, display... Read More
29/06/20 15:00 by Yashu Gola
Bitcoin On-Chain Data Hints Price Breakout Towards $11K
Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead.
The upside bias takes its cues from the crypto’s on-chain data, including higher buying strength,... Read More
29/06/20 12:00 by Nick Chong
There’s Over $10M Preventing Bitcoin From Breaking Past $9,500
Bitcoin has made an attempt at recovering the losses it incurred late last week. On Sunday, the cryptocurrency rallied as high as $9,200 as buyers stepped in and shorts were squeezed.
Yet order book d... Read More
29/06/20 02:00 by Nick Chong
Last Time This Technical Sign Flashed, Bitcoin Dumped 60%. It’s Nearly Back
After a more than 150% rally from March’s lows, Bitcoin’s upward momentum has petered out over recent weeks. For nearly two months, the cryptocurrency has been caught in a tight range betw... Read More
26/06/20 22:19 by Brenda Ngari
Bloomberg Analyst Gives Two Simple Reasons Why Bitcoin Is Poised To Test $13,000 Despite Current Bearishness
Bitcoin is currently far from a full-fledged bull market. Any attempt to move upward has been swiftly thwarted by the bears. The latest attempt was seen on Monday as the crypto climbed to $9,700, whi... Read More
26/06/20 19:30 by Cole Petersen
History Shows Bitcoin Could Reel To $5,000 Before Next Bull Run Starts
Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held... Read More
22/06/20 12:00 by Nick Chong
Key Indicator Predicts a Massive Bitcoin Spike Will Happen Today or Tomorrow
Bitcoin’s price action over the past few weeks has been “boring” to many traders.
Due to similar indecision in the equities market, which has influence over what direction cryptocurr... Read More
20/06/20 23:00 by Nick Chong
Bitcoin Is Still Tracing a Textbook Pattern Predicting a Crash to $8,000
It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.
Unfortunately ... Read More
20/06/20 03:00 by Cole Petersen
Data Suggests Bitcoin is About to Enter a Massive Resistance Region; Levels to Watch
Bitcoin bulls were able to post a strong defense of a crucial support level after facing some turbulence overnight.
This bolstered the cryptocurrency and has resulted in it once again trading squarely... Read More
19/06/20 23:00 by Cole Petersen
This Bitcoin Indicator Forecasted the 2017 Bull Run. It Just Flashed Again
Bitcoin’s lackluster price action over the past few weeks has struck a serious blow to investor sentiment, leading many to anticipate weakness in the days and weeks ahead.
That being said, this grow... Read More
19/06/20 12:00 by Nick Chong
Last 2 Times This Signal Was Seen, Bitcoin Dove 50%. It’s About to Happen Again
Bitcoin’s recent consolidation has left analysts and investors alike largely puzzled as to what comes next.
Nothing is a better sign of this than the funding rates of BTC futures markets, which ... Read More
17/06/20 01:00 by Cole Petersen
These On-Chain Indicators are Flashing Warning Signs for Bitcoin’s Strength
Bitcoin’s on-chain indicators are flashing some signs of weakness despite the cryptocurrency’s sharp rebound from its recent lows.
BTC has been subjected to some heavy volatility over the past sev... Read More
15/06/20 19:30 by Tony Spilotro
XRP Comeback: Triple Buy Signal Triggers For Ripple
XRP, the native cryptocurrency of the Ripple protocol, has among one of the worst reputations in the crypto space, despite enjoying longevity in the top ten cryptocurrencies by market cap.
Despite rec... Read More
15/06/20 18:00 by Tony Spilotro
About The Clouds: Bitcoin Holds Retest Of Key Weekly Level
Last night at 8PM eastern standard time, Bitcoin price closed its weekly candle at roughly $9,325. While the close marked yet another week of failed attempts to break above $10,000, it also marked the... Read More
09/06/20 13:00 by Yashu Gola
Bitcoin Heading into Bull Trap with Its Latest Price Rally; Here’s Why
Bitcoin is trading more than 150 percent higher from its March 2020 lows below $4,000.
The cryptocurrency’s wild move upside has cheered traders, but a textbook technical indicator warns abo... Read More
08/06/20 16:39 by Erie Maxwell
Three Highly Bullish Fundamentals for Bitcoin Into the New Week
A lot of traders and Bitcoin enthusiasts look for technical analysis patterns and indicators to figure out when to enter a position or exit with profit. While this practice is great in the short-term... Read More
07/06/20 12:00 by Nick Chong
A Key Indicator Shows the Bitcoin Bear Market Ended Just Days Ago
Even though Bitcoin is up more than 150% from March’s lows, analysts have still been questioning if it is just a matter of time before the bear trend continues.
A trader that months before March cal... Read More
07/06/20 03:00 by Nick Chong
Same Indicator That Predicted Bitcoin Rally Would Top at $10,500 Flips Bullish
On June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency.
Chief ... Read More
06/06/20 06:00 by Nick Chong
Textbook Wyckoff Analysis Shows Bitcoin Is About to See a Brutal Drop to $7,000s
Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th.
The more than 10% bounce has convinced many traders of ... Read More
05/06/20 02:00 by Nick Chong
Bitcoin Rallied 300% Last Time This Signal Appeared. It Just Happened Again
After rallying as high as $10,400 earlier this week, Bitcoin plunged by nearly $2,000 in 24 hours on BitMEX. It was a move that liquidated over one hundred million worth of derivatives positions.
Anal... Read More
04/06/20 15:00 by Yashu Gola
Provably Accurate Bitcoin RSI Confirms Potential Price Rally above $10.5K
Bitcoin could jump above its year-to-date high despite correcting by $1,500 on Tuesday.
The upside prediction comes from the cryptocurrency’s 14-week Relative Strength Indicator.
The technical i... Read More
03/06/20 21:20 by Brenda Ngari
If This Key Indicator Proves Accurate, August Will Be The Last Time Bitcoin Trades Below $10k
The benchmark cryptocurrency broke above the psychological $10k level on May 2, achieving a new high above $10,400. Unfortunately, the cryptocurrency succumbed to profit-taking as it dropped sharply ... Read More
02/06/20 21:00 by Tony Spilotro
Crypto Analyst on Bitcoin Collapse: Never Understimate The Power of TD Sequential
Just ahead of last night’s daily close, Bitcoin price exploded above $10,000 in a powerful break of the asset’s most important resistance, liquidating overleveraged shorts along the way.
B... Read More
01/06/20 22:00 by Tony Spilotro
Bitcoin Is Overpriced According Energy Value For First Time Since September 2019
Bitcoin price just reached overvalued status for the first time since September 2019, according to the asset’s Energy Value indicator. While this may sound like a negative thing, after this indi... Read More
01/06/20 18:00 by Tony Spilotro
Top Cryptocurrency Assets Trigger TD9 Sell On Weekly Price Charts
The cryptocurrency market has been on an upswing ever since Black Thursday cut the asset class down to its knees around mid-March. After several consecutive weeks of positive price action, the TD Sequ... Read More