Bitcoin Price Consolidates—Is a Downside Correction on the Horizon?
Bitcoin price is consolidating gains below the $118,000 resistance. BTC could start a downside correction if it breaks the $116,200 support zone. Bitcoin started a fresh decline after it failed to clear the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There is a bearish trend line forming…
Bitcoin Re-Enters Profit Zone As Greed Rises, But Rally To $200,000 Still Possible
Bitcoin reached a new all-time high of $122,838 on July 14, but has since slipped into a phase of consolidation around the $118,000 level. The recent pause in upward momentum hasn’t dampened market sentiment, which remains firmly bullish. According to Coinmarketcap’s Fear & Greed Index, Bitcoin is still currently sitting at a greed level of…
Will Bitcoin Impede Or Support Altcoin Rally? On-Chain Data Signals Market Uncertainty
According to an on-chain analyst on X, Bitcoin has decoupled from other cryptocurrencies or altcoins, which could lead to a severe price downturn within the market over the next day. Why Traders Should Brace For Impact In a July 18 post on the social media platform X, Joao Wedson, founder of crypto analytics firm Alphractal,…
Why Bitcoin Price Failed To Break $123,000 In The Past Week — Analyst Explains
The crypto market was a story of two distinct halves, one of which saw the Bitcoin price soar to multiple all-time highs. After reaching its all-time high of around $122,800, the premier cryptocurrency has succumbed to a sobering wave of bearish pressure in the past few days. This recent wave of downward pressure was precipitated…
Analyst Predicts Bitcoin Price Crash: Rejection From $120K Puts Altcoins At Risk
Bitcoin’s price action has turned somewhat sluggish after its unprecedented climb to a new all-time high of $122,838 on July 14. The rapid push to that level was preceded by a week of frenzied trading and heavy inflows, with BTC breaking through multiple resistance zones in quick succession. However, once that peak was hit, a…
Bitcoin Price Eyes $123K Explosion—Traders Brace for Breakout
Bitcoin price is attempting a fresh increase above $120,000. BTC is now consolidating and might attempt a steady move toward the $125,000 zone. Bitcoin started a fresh increase from the $115,800 zone. The price is trading above $119,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with…
Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details
Bitcoin Dominance (BTC.D) has hit a critical turning point after getting sharply rejected from a TSDT resistance level that previously marked the start of a massive altcoin season. As the market reacts to this technical signal, analysts are closely watching for signs that a new altcoin season could be underway—one that could potentially mirror the…
Bitcoin Price Still Not Overheated Says Top Metrics, Is $150k Close?
The Bitcoin price has been cooling off on low timeframes, while the altcoin markets take advantage to trend higher. The top cryptocurrency has been struggling as major holders take profit at BTC’s current level. At the time of writing, the Bitcoin price trades around $118,800 with a 2% gain over the last 24 hours and…
Bitcoin Price Pauses for Breath—Consolidates Gains Before Next Big Move?
Bitcoin price started a downside correction from the $123,200 zone. BTC is now consolidating below $120,000 and might attempt a fresh increase. Bitcoin started a fresh decline from the new all-time high near $123,200. The price is trading below $119,500 and the 100 hourly Simple moving average. There is a rising channel forming with support…
This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast
A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out…