Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
фото показано с : cointelegraph.com

2022-6-17 23:32

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. origin »

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Bitcoin (BTC) на Currencies.ru

$ 61462.53 (-0.01%)
Объем 24H $41.579b
Изменеия 24h: 1.25 %, 7d: 2.87 %
Cегодня L: $61450.69 - H: $61501.44
Капитализация $1232.4b Rank 1
Цена в час новости $ 20445.46 (200.62%)

consolidation long btc accumulation very period following

consolidation long → Результатов: 73


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Will XVG’s Increase Mirror That of ZIL?

After breaking out from a long period of consolidation, ZIL increased by more than 400% in roughly a month. XVG’s recent price action suggests that it too could go on a similar run. Zilliqa (ZIL) In the period from April 30 to June 11, the ZIL price increased by 424%, reaching a high of 307 […] The post Will XVG’s Increase Mirror That of ZIL? appeared first on BeInCrypto.

2020-6-16 00:00


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Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

Bitcoin’s week-long bout of consolidation appears to be leading options traders to grow increasingly bullish on the cryptocurrency Data shows that options traders are nearly all anticipating BTC to see further upside in the weeks and months ahead There are multiple factors, however, that suggest it is poised to see downside in the near-term These factors include rising funding, a high quantity of underwater long positions, and its multiple failed attempts to break above $10,000 […]

2020-6-10 02:00


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Bitcoin Analysts Chillingly Anticipate Months of Consolidation for BTC: Here’s Why

Bitcoin’s third-ever mining rewards halving event concluded yesterday, subsequently reducing the block rewards for miners by 50% Much to the chagrin of traders, this event did not lead to any notable volatility, as BTC has continued to experience rangebound trading in the upper-$8,000 region Analysts are now noting that BTC’s market structure does remain bullish so long as it is trading above $8,300 Despite this, the crypto could soon be subjected to months of consolidation […]

2020-5-13 21:00


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Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […]

2020-4-30 21:00


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Enjin Coin’s Breakout Was Possibly the Beginning of a New Market Cycle

The Enjin Coin price ended a long period of consolidation with a breakout on December 4. This was possibly the beginning of a new market cycle. The Enjin Coin price increased by more than 50 percent on December 4 — possibly in anticipation of the announced partnership between Enjin Coin and Microsoft in regards to […] The post Enjin Coin’s Breakout Was Possibly the Beginning of a New Market Cycle appeared first on BeInCrypto.

2019-12-14 20:05


Bearish Divergences May Signal Price Trend Reversal in XRP and Stellar [Price Analysis]

XRP Analysis The long period of consolidation which took place in XRP came to an end this week as significant price increases took place across the cryptocurrency market. The price action in XRP had been forming Doji candles and small-bodied candles since early January reflecting high levels of uncertainty from traders regarding future price direction.

2019-4-7 13:24


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Bitcoin Price Analysis: Bullish Setups Could Break Current Market Structure

The cryptomarket remains coiled as we lead into the weekend with no new highs and no new lows being established for bitcoin. However, it is nicely consolidating on lower time frames and hints toward the possibility of another leg up:Figure 1: BTC-USD, Hourly Candles, Consolidating PennantThe pattern shown in Figure 1 outlines a potential continuation pattern called a “bullish pennant.

2019-2-23 02:23


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Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation.

2019-1-4 02:22


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Bitcoin Price Analysis: Yearly Support Breaks as Bitcoin Tests Underlying Demand

After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.

2018-11-16 01:28


Ether Price Analysis: Historic Support Tested Amid Signs of Distribution

It’s been weeks since ether has seen a new high or a new low and the market has found itself range-bound. At the moment, we are seeing signs of distribution as large rounds of selling have remained present during key support tests:Figure 1: ETHUSD, 4 Hour Candles, Trading RangeSo far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines).

2018-10-20 01:31