Since hitting $6,800 over a week ago, Bitcoin (BTC) has exploded higher, registering massive gains against the U.S. dollar as bulls have made their presence known in this new year. At the recent rally’s peak, the price of the leading cryptocurrency was $8,450, up some 25% from the bottom.
Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta
Despite this strong surge, a key indicator, the Tom DeMark Sequential (better known as the TD Sequential), recently printed a bearish signal. According to a Telegram alerts channel tracking the time-based indicator, which predicted Bitcoin’s bottom at $3,200 in 2018 and the top at $14,000, the BTC/USD chart just printed a “Sell Quasi 9” on the daily.
Although “Sell 9” candles are often lead to strong reversals, for they show that a trend has exhausted, analysts aren’t too concerned, for there is a flurry of other technical signals suggesting that bulls are decisively in control.
Related Reading: Ethereum’s Price Chart Just Printed This Extremely Bullish Signal
Bitcoin Bulls Decisively In Control
There are a number of signals suggesting Bitcoin is poised to head higher, no matter what the TD Sequential suggests.
Per previous reports from NewsBTC, a trader going by Storm remarked that according to a key trend indicator on the four-hour BTC chart, bulls remain in control, adding that he thinks it’s thus worth buying the cryptocurrency between $7,700 to $7,900.
The indicator he mentioned is relevant as it flipped green in the middle of February and didn’t flip over to a bearish reading until September or so, giving those tracking it a chance to bag 300% profits on a Bitcoin trade.
Not to mention, the Lucid Stop and Reversal system recently printed a buy signal on the weekly candle for Bitcoin, which was a signal last seen in March of 2019, and has outperformed BTC by over 1,000% since August 2018, per trader Financial Survivalism.
Historical chart analysis agrees with the positive fundamentals. As noted by analyst Nunya Bizniz, in previous cycles the four months out from Bitcoin’s halvings have always been extremely bullish for the price of BTC.
This simple historical analysis, which is backed up by the fact that investors attempt to “front-run” the halving by buying Bitcoin beforehand, suggests that the crypto market may soon explode higher ahead of the halving, potentially entering into a parabolic uptrend.
Bitcoin is about 120 days away from the halving.
What was price action like 120 days prior to the first two halvings?
Whether you believe its priced in or not, if past is prologue – volatility may be expected. pic.twitter.com/7peG6Ir0m4
— Nunya Bizniz (@Pladizow) January 10, 2020
So even if there is understandably some bearish retracement from current prices levels, analysts are still bullish on Bitcoin from a more medium-term perspective.
Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
Bitcoin’s latest tumble pushed it below the $93,507 price it entered the year at, despite the year mostly seeing positive industry developments from corporations and governments.
Bitcoin is slipping again, and the mood across the market is shifting. Traders who were celebrating six-figure prices only weeks ago are suddenly watching key levels evaporate. The move below $106,400 was the first real warning sign, the collapse through $99,000 confirmed that the market is no longer treating those supports as serious areas of […]
The post It’s foolish to pretend Bitcoin’s story doesn’t include $79k this year appeared first on CryptoSlate.
Bitcoin price has dropped into a bear market this year after falling by 23% from its highest point in January. Bitcoin (BTC) was trading at $84,555 on Good Friday, up by 13% from its lowest point this year, giving it…
This year is expected to have among the wildest crypto rallies yet. Investors are optimistic that the crypto-friendly Congress will pass legislation that propels the market forward. Several industry watchers believe Bitcoin could surge to $200,000 before the year ends.
As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4. 2% to retest a key level. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown.
Bitcoin has reentered the spotlight as analysts forecast six-figure price targets. Veteran trader Peter Brandt predicts that Bitcoin could reach $125,000 by the end of the year.
Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years.
Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72. 760 on Thursday, March 14. As of press time, Bitcoin has recovered to trade around $68,300.
Bitcoin is currently experiencing a period of consolidation, with a keen eye on the $45,000 resistance level. Meanwhile, analysts at CryptoQuant project an optimistic future, predicting Bitcoin could soar to $50,000 by the end of the year.
Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years.
Bitcoin's performance over the last year showcased a complex journey of institutional involvement and market dynamics.
The interplay of institutional interest, futures markets, and miner dynamiThe post A dive into Bitcoin's past year as BTC devises the next move appeared first on AMBCrypto.
This year has been marked by significant volatility across the crypto market, including for Bitcoin, which has seen both gains and losses over the course of the year. Just a month ago in the middle of July, Bitcoin crossed over $30,000 and many investors saw this as the start of another bull run.
Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock.
Since the start of the trading year, Bitcoin has maintained a 3-month bullish candle close and is on a path to stealing a fourth. 2023 has been an eventful year for the crypto industry and Bitcoin price, which rallied massively to the surprise of many crypto analysts this month.
Bitcoin (BTC/USD) price made a bullish breakout on Monday after spending the past few weeks in an extremely tight range. It jumped to a high of $30,481, the highest level since June last year. This recovery means that Bitcoin has risen by over 50% from its lowest point this year.
Quick Take Yesterday was volatile for Bitcoin — hitting $26,500 and $28,600 in one day.
The post Third biggest outflow of Bitcoin from exchanges this year – driven by whales appeared first on CryptoSlate.
The year 2022 has been challenging not only for Bitcoin but for the cryptocurrency market as a whole. Bitcoin, the most valuable cryptocurrency in the world, has seen a decline in its market value of about 65% over the entire year, leaving the crypto community reminiscent of the ‘good old days’.
Key Takeaways Inflation in Argentina is now near 100%, as savings in the peso are getting crushed Bitcoin, despite collapsing in the last year, is up in peso terms Weak currencies are often cited as benefits of Bitcoin, but in the case of Argentina, it would be worse, writes our Analyst Dan Ashmore Stablecoins present […]
The post Bitcoin is up in Argentinian Pesos over the last year, but natives should still avoid it appeared first on CoinJournal.
Someone would have been mistaken to think that Bitcoin (BTC/USD) could approach the end of the year at just $20,000. However, as the clock ticks, the reality is increasingly getting confirmed. Notwithstanding that, many analysts expected that Bitcoin would click $100,000 by the end of the year.
Bitcoin mining firm BitNile (NILE) plans to set up a bitcoin-based marketplace in the first half of next year to reduce the complexity of transacting in bitcoin.
Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone.
The post Research: How low can Bitcoin price go? appeared first on CryptoSlate.
El Salvador’s first Bitcoin anniversary comes amid BTC losing over 60% of value in one year, but that doesn't really mean that the country’s Bitcoin experiment has failed.
Bitcoin is currently trading above $40k, but market experts are optimistic it will reach…
The post Bitcoin could hit $100,000 within a year, says Nexo CEO appeared first on Coin Journal.
Bitcoin price recovered to within $45k after sliding below $44k as analysts indicated probable swings for the flagship cryptocurrency. The release of US inflation rates seems to have had no effect on the king cryptocurrency.
Bitcoin started 2022 on a different trajectory than the one expected by most traders. Moving sideways for the majority of Q4 last year, the first crypto by market cap seems proposed to more volatility in either direction.
Bitcoin has been subject to a number of predictions as it nears the fourth quarter of the year. The price of the digital asset is still up at this point, and investors are expecting the run to continue.
The first half of 2021 finally concluded after a whirlwind of a rally, one leading to an equally painful correction. Bitcoin touched a new ATH level, but similar to 2017, it was unable to hold its forThe post The truth of what lies ahead for Bitcoin traders for the rest of this year appeared first on AMBCrypto.
While the price of bitcoin is more than 40% lower than it was 90 days ago on March 29, the number of bitcoin held on exchanges has also been reduced. Last year on the same day in June, 2.79 million bitcoin was retained on crypto trading platforms and a year later roughly 28.67% of the […]
Bitcoin performance this year has garnered interest from mainstream media, but regulatory hurdles have been an issue that the cryptocurrency market has grappled with for years. The US Securities and EThe post Will a US Bitcoin ETF get approved this year? appeared first on AMBCrypto.
The price of Bitcoin has been recording new ATHs this week and many have an opinion about how high the popular digital asset may rise this bull run. Former White House Director of Communications, AntThe post Here's why 'we will see $100K in Bitcoin before the year end' appeared first on AMBCrypto.
Bitcoin logged more record highs in its first official trading week of the year, raising hopes that it would keep rallying higher after closing the previous year with a gain of 302 percent. The benchmark cryptocurrency opened Wednesday with a wild upside move.
2020 has been a monumental year for the cryptocurrency market. For the world's largest cryptocurrency, Bitcoin, the year saw drastic dips in price as well as a new ATH set during the December 2020 bulThe post Bitcoin being 'favorite' of criminals: Gauging impact of guilt by association appeared first on AMBCrypto.
Bitcoin’s journey this year has been a bittersweet one. After a somewhat shaky start at the beginning of the year, the digital coin looks set to break boundaries now. The biggest cryptocurrency has had a marvelous fourth quarter of the year, reaching a new all-time high (ATH) in 49 days. Bitcoin has achieved over 270% […]
Bitcoin Magazine
Bitcoin Price Slumps to $88,000 Near Seven-Month Low As Crypto Stocks Crash
Crypto markets extended their retreat today as the Bitcoin price hovered near a seven-month low at $88,890 — down 4% on the day and trading near the bottom of its weekly range.
Bitcoin Magazine
Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage
Bitcoin price is struggling to hold $93,000 as thin liquidity, leverage-driven volatility, and a critical break in market structure fuel one of the most bearish stretches of the 2025 cycle.
Bitcoin Magazine
Bitcoin Price Rebounds Above $103,000 After Dipping Below Six Figures — Bull Run Next?
After hitting $98,892 yesterday, Bitcoin traded at $103,561 today.
This post Bitcoin Price Rebounds Above $103,000 After Dipping Below Six Figures — Bull Run Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Over $1.2 billion left US Bitcoin ETFs this week as Bitcoin tumbled below $104K, but on-chain data shows long-term holders are staying firm.
The post $1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price appeared first on Coinspeaker.
Numeraire token NMR is down 25% as profit taking increases. The Numerai native token recently exploded amid a $500 million investment by JPMorgan. NMR price could drop to $15 and face resistance around $18.
Bio Protocol price rose more than 50% as bulls defied broader market selling to hit $1. 46 Despite overall sell-off pressure, BIO price is up double-digits in 24 hours as volume spikes 720%. BIO has benefited from key network developments, including staking and partnerships.
