Bitcoin’s price is at a crucial point. It’s been struggling to break through a key resistance level, and it’s unclear what will happen next. The Resistance Hurdle Bitcoin has repeatedly failed to break above $95,400-$95,800. This resistance level has acted as a ceiling, preventing a push towards $100,000. While the overall trend is still bullish,…
Bitcoin has shown some serious resilience lately, bouncing back from recent lows around $75,000 and trying to regain its upward momentum after a shaky April. A Bullish Signal, But With Caveats The April monthly candlestick on the CME Futures chart looks super bullish – a “bullish engulfing” pattern. If this holds through the week, it…
Bitcoin just did something pretty rare: it flashed a “Golden Cross” on its weekly chart. This is a technical signal that usually only happens once per Bitcoin market cycle, and historically, it’s been a big deal. What’s a Golden Cross? A Golden Cross happens when a shorter-term moving average (like the 50-week average) crosses above…
A financial analyst, Tony Severino, has shared his insights on the best time to buy Bitcoin, focusing on key technical indicators. He cautions against rushing in, emphasizing the importance of careful analysis to avoid potential pitfalls. The Upper Bollinger Band: A Buying Signal? Maybe. Severino analyzed Bitcoin’s price chart, looking at monthly candlesticks, Bollinger Bands,…
Bitcoin is facing a crucial test right now. It’s hitting a major resistance zone between $94,125 and $99,150, and whether it can break through will determine its short-term direction. A Wall of Bitcoin According to crypto analyst Ali Martinez, a huge number of Bitcoin holders – around 1.76 million BTC – are clustered in this…
Bitcoin’s price recently bounced back, briefly touching $95,000, but things have calmed down a bit. Experts are wondering if this is just a temporary pause or the start of something bigger. Let’s dive into some key indicators. The MVRV Ratio: A Crucial Signal? Crypto analyst Burak Kesmeci points to the Bitcoin MVRV (Market Value to…
Bitcoin’s price recently jumped after Easter, and while it’s holding steady above $94,000, some momentum seems to be slowing. Interestingly, a lot of Bitcoin is leaving major exchanges. Let’s dive into the details. Big Bitcoin Withdrawals Crypto analysts have noticed a significant amount of Bitcoin leaving major exchanges like Binance and Coinbase. Binance: A whopping…
Bitcoin’s price has skyrocketed recently, exceeding $90,000 after being stuck below $87,000 for two months. This impressive performance, exceeding 13% in just a week, has many wondering if a new bull market is underway. The Coinbase Premium: A Bullish Signal? One interesting indicator is the Coinbase Premium Gap. This measures the difference between Bitcoin’s price…
Bitcoin’s price recently jumped over 12%, hitting a high of $95,600. But don’t let that fool you! Behind the scenes, something interesting is happening. Short Sellers are Winning Data from Glassnode shows a surprising trend: even with the price increase, a lot of traders are betting against Bitcoin. They’re placing “short” bets, hoping the price…
A new prediction says Bitcoin could soon hit $150,000—and beyond! One more price jump is all it needs to trigger a massive bull run. The Road to $150,000 Crypto analyst CrediBull Crypto believes Bitcoin is setting up for a huge price surge. Their analysis, using Elliott Wave theory, suggests Bitcoin is completing a five-wave pattern…
