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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. дальше »

2020-5-31 01:12


It’s Decision Time for Bitcoin: These are the Price Levels Analysts are Targeting

Bitcoin has been firmly caught within a bout of consolidation over the past few days, largely hovering within the lower $9,000 region It appears that it is decision time for the cryptocurrency, as how its ongoing period of sideways trading resolves could set the tone for where it trends in the weeks ahead This next movement could be quite drastic, as some analysts are noting that it could result in a $1,000+ candle Bitcoin has […] дальше »

2020-5-24 19:00


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Here’s Why Traders Think Bitcoin is on the Cusp of Printing a $1,000 Candle

Bitcoin has continued ranging sideways within the upper-$9,000 region following a series of rejections at $10,000 The ongoing bout of sideways trading may mark buyers’ attempt to generate increased trading activity from bulls Analysts are noting that Bitcoin is nearing the apex of a large ascending triangle The resolution of this pattern could be the impetus for BTC to print a $1,000 candle Bitcoin has struggled to garner much momentum in recent times, with its […] дальше »

2020-5-21 02:00


Top Technical Analyst Claims Latest Bitcoin Engulfing Candle Isn’t Bullish

Last night’s Bitcoin monthly April candle closed as a bullish engulfing, often considered a reversal candle by traders and analysts. Bulls must beware, however, as one of the most respected top technical analysts recommends not trading this setup when the primary trend is down, as more often than not it leads to another devastating crash.... дальше »

2020-5-1 19:00


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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. дальше »

2020-5-1 15:00


Bitcoin Price Working on Monthly Bullish Engulfing: What It Means

Bitcoin price recently exploded from under $7,800 to over $9,400, just twelve full days before the asset’s block reward halving. The powerful push from last month’s extreme low set during Black Thursday, to current levels, has caused a bullish engulfing candle to form on monthly Bitcoin price charts. But what exactly does this mean for... дальше »

2020-5-1 19:00


Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week

Yes, the price of Bitcoin may have stalled over the past three days, stagnating around $7,500, but the cryptocurrency is still decisively bullish from a macro perspective, analysts say. In fact, should BTC close the weekly candle above $7,100 in approximately seven hours as of this article’s writing, this will be the sixth — yes, […] The post Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week appeared first on CryptoSlate. дальше »

2020-4-28 17:00


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... дальше »

2020-4-2 01:41


4th Largest 1-Month Dow Sell Candle in History Leaves Bitcoin Vulnerable

The Dow Jones Industrial Average closed out Friday’s trading session at 19,000 points, setting a record for the 4th largest single one-month red sell candle in the index’s history. And with Bitcoin recently tightly correlated with the stock market, it could make the cryptocurrency especially vulnerable to another crash. Dow Jones Industrial Average Sets Record... дальше »

2020-3-22 04:30


Bitcoin (BTC) Plunges to $8,300; Here’s What Analysts Are Thinking

Bitcoin really hasn’t done well over the past day. After printing a false breakout candle on Saturday that brought the price of the asset to $9,200, there was a rapid and violent reversal. What followed was a dramatic and steep downtrend that has taken the price of BTC as low as $8,300 just last hour (as of the time of this article’s writing), marking a 10% drop from the highs. дальше »

2020-3-8 19:21


Bitcoin Plunges to Fresh Lows Under $8,400; $90 Million in BitMEX Longs Liquidated

Despite the strength seen earlier this week, Bitcoin started to plunge on Saturday. After printing a bearish “Darth Maul” candle that resulted in a crucial reversal at $9,200, the cryptocurrency has trended lower and lower, falling as low as $8,325 just minutes ago as of the time of writing this article. This marks a nearly... дальше »

2020-3-8 18:46


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Why Analysts Expect More Upside After Bitcoin Just Broke $10,000 (Again)

Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological level. дальше »

2020-2-24 03:37