Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming
After days of succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin’s daily candlestick timeframe chart shows that this price level is…
Bitcoin Price Dips Sharply Below $102K as Profit-Taking Accelerates
Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level. Bitcoin started a fresh decline below the $104,000 zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line…
Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings
Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash. Analysts Highlight Why Bitcoin Price Could Still Crash Below $100,000 In…
Bitcoin Price Slips Again, Triggering Fresh Fears of a Deeper Correction
Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
Bitcoin To $130,000 In September? Smart Money Loads Up On Calls
Singapore-based trading desk QCP Capital says the options market is sending an unmistakable signal: large players are quietly positioning for a break to $130,000 by the end of Q3, even as spot Bitcoin languishes near $105,000. $130,000 Bitcoin Bets Heating Up In a note to clients on Wednesday, the firm highlighted “a surprise uptick in…
Bitcoin Price Encounters Resistance — Traders Eye Breakout or Rejection
Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and facing hurdles near the $107,000 zone. Bitcoin started a recovery wave above the $105,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at…
Bitcoin Vs. M2: Abra CEO Sees $130,000 As Liquidity Floods In
Bill Barhydt, the founder and chief executive of crypto-banking platform Abra, set Crypto-X alight over the weekend by reposting a collage of global M2-versus-Bitcoin charts first popularised by macro investor Raoul Pal and researcher Julien Bittel. “I’ve seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart –…
Bitcoin Price Eyes New Gains — Is the Next Leg Higher Starting?
Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now consolidating and might aim for a recovery wave above $106,000. Bitcoin started a fresh decline below the $106,500 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…
Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image
The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has succumbed to bearish pressure over the past few days, falling about 7% from its record-high price. Unfortunately, the Bitcoin price seems to be at the start…
Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?
The price of Bitcoin has dropped by nearly 4% over the last seven days, indicating the waning bullish momentum in the largest cryptocurrency market. This recent sluggishness has called into question the strength of the latest bull rally that saw the market leader climb to a new all-time high last week. According to an investment…