Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?
Key Bitcoin Takeaways
Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session.
The one-day drop is the largest since February 10, pointing to extended i... Read More
Altcoins11/01/21 14:04 by Yashu Gola
Ethereum Analyst Predicts Record High against Eerie Bearish Setups
Ethereum’s native token ETH fell by more than 20 percent from its session high of $1,350 on profit-taking sentiment. While technical indicators point to further correction lower, one analyst bel... Read More
Bitcoin07/12/20 15:17 by Yashu Gola
Bitcoin to Hit $22,000 If This Bearish Reversal Theory Plays Out
The cost to purchase one Bitcoin token can go up to $22,000 in the fourth quarter.
That is possible if a textbook technical indicator plays out as it typically does. Dubbed as “Rising Wedge,&rdq... Read More
Bitcoin09/06/20 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
Bitcoin11/05/20 19:30 by Tony Spilotro
Final Wave in Current Bitcoin Rising Wedge Could Target $11,000
Tomorrow’s halving helped Bitcoin price make another strong push to $10,000, but the first-ever cryptocurrency failed to breach the key level.
However, according to the structure of a massive rising... Read More
Bitcoin30/04/20 13:00 by Nick Chong
Crucial Bearish Factor That Haunted Bitcoin Since $5ks Was Just Invalidated
A reoccurring theme in many Bitcoin analyses over the past few weeks has been mentions of a “rising wedge.”
For those unaware, a rising wedge is a common chart pattern marked by a strong u... Read More
Bitcoin21/04/20 14:00 by Yashu Gola
Eerie Bitcoin Wedge Fractal Sees Price Crashing to $5.3K; Here’s Why
Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time.
The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its r... Read More
Bitcoin04/04/20 13:39 by Yashu Gola
Bitcoin Holds Gains but Technical Patterns Hint It Will Fall to $5K
Bitcoin has surged by up to 24 percent ahead of closing the week despite the Coronavirus-induced global market sell-off. Nevertheless, the benchmark cryptocurrency could end up losing a large chunk of... Read More