Bitcoin retraces back to critical monthly all-time high support level from 2021

Bitcoin will close April down this evening following a drawdown of roughly 15% since the start of the month. The close of the monthly candle will mark the end of seven successive green candles and the end of a record-making streak.

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Bears Salivate As Bitcoin Monthly Close Leads To Indecision

Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at […]

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Bitcoin is Set for a Record Monthly Close. Here’s Why This is a Big Deal

Barring a horror crash of 25%, Bitcoin is about to secure its highest-ever monthly close. The current record of $13,873Continue Reading The post Bitcoin is Set for a Record Monthly Close. Here’s Why This is a Big Deal appeared first on CoinMarketCap Blog.

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Bitcoin Surges to $19.6K, Looks Set to Make Highest Monthly Close Ever

A record monthly close could be a harbinger of more profound price gains to come, according to analysts.

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Despite 12% Crash, Bitcoin Looks Set to Make Highest Monthly Close Ever

A record monthly close could be a harbinger of more profound price gains to come, according to analysts.

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Investor Greed Signals Bitcoin May Be Topping Despite Strong Monthly Close

Bitcoin was able to post an incredibly strong monthly candle close yesterday This marked the first time that the crypto had closed its monthly candle above $10,700 since mid-December of 2017 Shortly after the close took place, bulls stepped up and allowed BTC to set fresh 2020 highs of $11,800 It did face some heavy selling pressure at these highs that caused its price to see a sharp decline, but it has since stabilized Analysts […]

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Bitcoin Ends July at Highest Monthly Close Since 2017 Peak

Bitcoin closed July at $11,351, according to Messari.

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Bitcoin’s Monthly Candle is About to See Its Most Bullish Close Since 2017

Bitcoin and the aggregated crypto market are currently flashing some signs of tempered strength as most assets push higher BTC is still caught within a consolidation phase within the lower-$11,000 region Strength in other assets, like Ethereum, may help guide the benchmark crypto higher in the days ahead One analyst is now noting that BTC is about to post one of the most bullish monthly candles it has seen since late-2017 As long as BTC’s […]

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Bitcoin’s Bearish Monthly Close Raises Red Flags

The Bitcoin (BTC) price created a shooting star candlestick for the month of June. This is a bearish pattern that normally indicates that the previous upward trend has lost its strength and a reversal is near.

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Bitcoin price recap: June 2020

Bitcoin price headed for monthly close beneath key level despite increased hodling and reduced...

The post Bitcoin price recap: June 2020 appeared first on Coin Journal.

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Bitcoin Gold price rises 24% ahead of monthly close

Bitcoin Gold price is up 23% in the past 24 hours as price breaks...

The post Bitcoin Gold price rises 24% ahead of monthly close appeared first on Coin Journal.

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Ripple Price: XRP/USD downtrend likely to extend beyond current 900 days

XRP/USD’s monthly candle is likely to close lower than current levels and extend its... The post Ripple Price: XRP/USD downtrend likely to extend beyond current 900 days appeared first on Coin Journal.

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What Does Bitcoin’s Monthly Close Tell Us About Future Prices?

The Bitcoin (BTC) price reached a close of $9448 for the month of May, which was the highest close since August 2019. However, the price is still facing considerable diagonal resistance and horizontal resistances in the weekly time-frame.

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Here’s What Comes Next After Bitcoin Closed Above Yearly Resistance at $9,500

Bitcoin’s buyers and sellers engaged in a heated battle yesterday just prior to the cryptocurrency’s critical monthly close This led it to see heightened volatility, with bulls prevailing over bears Buyers were able to propel the cryptocurrency above a massive monthly resistance level that has been holding strong throughout part of 2019 and all of 2020 The close above this level could be a bullish catalyst Bitcoin has been seeing some turbulence as it consolidates […]

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Bitcoin Monthly Close is 1 Day Away: Here’s the Level That May Trigger a Big Rally

In just a day, Bitcoin will close the May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next. Analyst Eric “Parabolic” Thies, for instance, recently identified a level that bulls should close above to confirm that more upside is in the works.

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Bitcoin April Monthly Close Was Crypto Asset’s Best Performance Since 2013

Today is a new month, and that means that last night’s daily close also market the April candle close on Bitcoin monthly price charts. Last night’s close marked the first-ever cryptocurrency’s best April performance since 2013, even easily besting the April 2019 rally that took Bitcoin to over $13,000. Is this a sign that the...

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Bitcoin Surged Past $9,000, But the Technical Feat Hides a Shocking Twist

This morning, something very important came to pass: Bitcoin’s monthly candle for April finally closed. It was an occurrence closely watched by many crypto traders and investors. At first, many thought the close was decisively bullish; due to the stunning recovery that has transpired over the past few days, April saw Bitcoin entirely negate the losses sustained during March, with the candle closing around $8,700.

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Ethereum anticipates positive breakout as correlation with Bitcoin continues to rise

Ethereum 2.0 has so far failed to propel the largest altcoin above $200-mark. However, it achieved a positive momentum and was currently trading in the $190-area close to the monthly high. Ethereum miThe post Ethereum anticipates positive breakout as correlation with Bitcoin continues to rise appeared first on AMBCrypto.

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What Will the Bitcoin Price Be by the End of the Year?

On March 13, the BTC price reached a low of $3,850. While this initially seemed to cause a breakdown below numerous support levels, the price immediately began an upward move and proceeded to reach a monthly close above $6,000.

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Bitcoin Surges to $6,600: What Do Analysts Think Is Next?

After plunging towards $6,200 after the monthly candle close, Bitcoin has rallied hard, gaining 5% in the past two hours alone ahead of the daily close arriving in approximately 90 minutes. As of the time of writing this article, the cryptocurrency sits at $6,575, just a smidgen shy from $6,600. What are analysts thinking about...

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Here’s Why Bitcoin’s Bullish Monthly Close Isn’t Enough to Thwart a Massive Selloff

Following Bitcoin’s bout of consolidation within the mid-$6,000 region, the benchmark cryptocurrency has seen a slight decline that has led it down towards the support that has been established around $6,000.

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What Does Bitcoin’s Monthly Close Tell us about the Future?

Last night, the Bitcoin price closed its monthly candlestick for March. The candlestick took the form of a bearish hammer, with a very long lower-wick. It closed 24% below the opening price, while the candlestick had a lower-wick with a magnitude of 40%.

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Bitcoin Price Drops to $6.1K Shortly After Equities Markets Close Red

Bitcoin dropped below $6.1K and bulls need to show strength as the weekly and monthly close approach

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Rally Over? Latest Bitcoin Price Action Resembles Aggressive Distribution Model

Last night, following a bullish weekly close and an even more bullish monthly candle close just days prior, the recent rally in Bitcoin price may have finally topped out. According to the Wyckoff method, the recent price action closely matches an aggressive redistribution model that suggests a severe mark down phase could follow.

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Why Tomorrow’s Monthly Close In Bitcoin Could Be Its Most Critical Yet

In financial markets, high timeframes are the most important when it comes to technical analysis and influence on the overall trend. The same is true for Bitcoin, and all eyes are on tomorrow’s January monthly candle close.

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Bitcoin on the Cusp of a Massive Rally as Analysts Closely Watch Monthly Close

Bitcoin’s firm uptrend throughout 2020 has now led it to reach a key near-term resistance level that its bulls are currently contesting. This has resulted in mixed feelings amongst analysts as to where BTC will go next.

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Bitcoin Price Takes Aim at $7.4K Resistance — $7.6K by Monthly Close?

Bitcoin price appears set to retest the $7.4K resistance but will the digital asset take a shot at the more important $7.6K resistance before the weekly and monthly close?

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Monthly Candle Close Signals That Bitcoin May Be ‘Done For a While’

Bitcoin price closed its November monthly candle in the red, marking a total of four out of five red candles since Bitcoin topped out at the end of June. With the most recent monthly candle open, a prominent crypto analyst’s indicator has signaled a sell for the first time since June of the previous year,.

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As Bitcoin Bounces Back Above $7K, Popular Analysts Say Monthly Close Is Pivotal

Bitcoin needs to rise by more than $1,000 in the next three days to invalidate bearish pressures, according to Mike Novogratz and Willy Woo.

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November Monthly Bitcoin Close Critical For Bull Market

Following Bitcoin’s bottom at $3,100, the entire cryptocurrency community has expected the asset to launch straight away into a full-blown bull market, however, the current price action across the crypto space has been anything but bullish.

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Bitcoin Breaks $7,000 as Markets Touch Lowest Point Since May

The cryptocurrency market remains in a depressed state on Monday as Bitcoin and other major cryptocurrencies fell to fresh multi-month trading lows. Bitcoin is trading well below the $7,000 level, with the current weekly and monthly trading lows extending down towards $6,525.

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Short Of The Century: $15 Ethereum Possible If Monthly Fails To Close Bullish

Ethereum is among the crypto assets still vastly below its former all-time price, with a long way to go before it recovers the lofty prices set back at the height of the crypto hype bubble. According to one crypto trader, Ethereum’s downfall may not be complete, and if the current monthly candle cannot close above.

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Bitcoin Monthly Close Keeps Bull Flag Formation Intact, Target Over $14,000

Bitcoin price has had a stellar year, even despite the recent trend turning bearish after a descending triangle pattern broke down. After three consecutive red monthly candles in a row, October closed green and kept a potential bull flag formation on monthly price charts intact, giving bulls hope that the crypto asset’s 2019 rally isn’t.

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Bitcoin Monthly Candle to Close Around $9,300: Bullish or Bearish?

In the next few hours, Bitcoin will see its monthly candle for October close. As the cryptocurrency has been subject to immense volatility over recent weeks, this close will be immensely important for Bitcoin’s directionality for the next few months.

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Bitcoin breaks downward monthly trend line, shows 4% gains in past 24 hours

On Sunday, Oct. 20, crypto analyst Alistair Milne shared a chart that shows Bitcoin breaking its monthly downward trend, finishing its weekly close up 4 percent in the past 24 hours. Over the past month, Bitcoin is down 18 percent from its Sept.

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Bitcoin (BTC) Price Weekly Forecast: Downside Thrust Before Fresh Rise?

There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar. The price is currently correcting lower after it traded to a new monthly high close to $11,000. There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed.

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Trading Expert Jim Wyckoff Talks Bitcoin Price Downtrend

Despite starting off August on a high note, the Bitcoin price is at risk of forming of a monthly low close   

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Ethereum Price (ETH) Holding Uptrend Support, Bulls In Control

ETH price traded to a new monthly high close to $240 before correcting lower against the US Dollar. The price is currently holding an important support near the $222 and $224 levels. Yesterday’s highlighted important bullish trend line is active with support near $224 on the hourly chart of ETH/USD (data feed via Kraken).

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Dow Jones Drops After Fed Rate Cut, What’s This Mean for Bitcoin?

July was yet another strong month for the stock markets despite looming threat of a coming economic recession, with the Dow, Nasdaq, and S&P 500 all close to beating out their average monthly gains for the calendar month.

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Bitcoin to continue with wayward movement; monthly close should be the focus, claims analyst

Bitcoin is neither here nor there. But, the king coin is everywhere. The king coin is looking to close the week in a relatively stable condition, not an accurate reflection of the roller coaster of the past few days.

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Clear skies ahead if Bitcoin closes over monthly-ATH of $13,800; bold claim or given?

As the $13,000 mark is left shattered yet again, all eyes now point to the monthly close of Bitcoin. The all-time high for the top cryptocurrency, in 2019, was recorded at the close of June when the price tapped out just above the $13,800 mark.

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After Posting Best Monthly Close Since 2017, Bitcoin May be Posed for Significantly Further Gains

Despite facing some instability earlier this week, Bitcoin has been able to post a decent recovery from its recent lows and appears to be consolidating before it makes another large price movement.

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Bitcoin Records The Best Monthly Close In May With Over 62% Gains Since 2017

Bitcoin Records The Best Monthly Close In May With Over 62% Gains Since 2017 Since going above $9,000 to flash crashing below $8,000, the leading cryptocurrency is back to making its way upwards as it climbs to $8,624, the highest point of today on Bitstamp.

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Bitcoin on Course for Highest Monthly Gain Since November 2013

Bitcoin (BTC) could close trading in May 2019 more than 70 percent up from the start of the month, surpassing its second-best ever monthly performance. Meanwhile, the top-ranked cryptocurrency continues to enjoy improved technical and market fundamentals with experts calling another bull run to a new all-time high (ATH) in 2019.

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Bitcoin Price Close Above $9K Will Be Largest Green Monthly Candle Since 2013

The price of Bitcoin has been on a wild ride in recent weeks, with a parabolic rally that began in early April taking the first-ever crypto asset on a journey back toward its all time high price of $20,000.

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Op Ed: Lightning Network Consensus Is a Marketplace and That’s Okay!

To Bitcoin or Not to BitcoinDuring the “scaling debate” before the SegWit2X user-activated soft fork (UASF), Bitcoin businesses were getting their first bitter taste of Bitcoin’s censorship resistance.

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Crypto Analyst: Bitcoin May Monthly Candle Close Confirms Bull Market or Accumulation

As Bitcoin price nears closer to important resistance at $6,000, it’s clear that the leading cryptocurrency by market cap is at an inflection point, and where it goes next could set the tone for the following months to years.

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Analyst: Bitcoin Has Stronger Bullish Potential than Altcoins, Here’s Why

The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts.

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Analyst: Bitcoin’s Bullish Monthly Close May Signal That Parabolic Run is Imminent

April has proven to be a very positive month for the crypto markets, and Bitcoin’s ability to decisively surge into the $5,000 region without incurring any significant selling pressure has shifted the overall market sentiment to be slightly more bullish as many analysts expect BTC to see further gains in the near-future.

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