Shakeout Pattern Says Bitcoin Price Is Not Done, Why It’s Headed Above $130,000
Bitcoin’s latest bounce off a support level at $110,000 has coincided with a technical observation shared by crypto analyst CrypFlow, who highlighted a shakeout pattern that’s currently playing out, which has always preceded the strongest legs of Bitcoin’s bull runs. According to the analyst, the ongoing shakeout pattern setup may be laying the foundation for…
Bitcoin Recovery Builds – Can BTC Turn Momentum Into a Rally?
Bitcoin price is attempting to recover above $112,500. BTC is now consolidating and might rise if it clears the $114,250 resistance zone. Bitcoin started a fresh increase above the $113,200 zone. The price is trading below $113,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance…
Bitcoin Above Key Trendline But Below ATH – Is The Next Rally Loading?
rally finally loading? Bitcoin Breaks Long-Term Trendline: A Familiar Cycle Signal CryptoELITES, a seasoned crypto analyst, recently revealed a highly bullish perspective on Bitcoin’s recent price action. According to the analysis, Bitcoin has successfully broken above a key long-term trendline on its chart, a move that signals a significant shift in the market’s trajectory. Following…
Germany’s Bitcoin Seizure Program Exposed: Nearly $5 Billion In BTC Left Dormant
Germany’s much-publicized Bitcoin seizure campaign has come under fresh scrutiny after blockchain analysts revealed that nearly $5 billion worth of BTC has remained untouched. The finding raises intrigue within the crypto community, as questions swirl over whether the funds are lost, frozen, or simply being held in reserve. Why The Coins Remain Untouched In an…
Bitcoin Bulls on Edge – Is Another Sharp Decline Coming?
Bitcoin price is struggling to recover above $112,000. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a fresh decline from the $113,200 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
Tom Lee Predicts $200K Bitcoin — Peter Schiff Isn’t Buying It
Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 price target for the cryptocurrency. According to reports, Lee says the market’s recent weakness is tied to the Federal Reserve’s reluctance to cut interest rates, while Schiff points to gold’s recent rally as a warning sign for Bitcoin.…
Bitcoin Finds Crucial Support On Bull Market Band — Will Momentum Hold
Bitcoin price is currently at a critical juncture, sitting right on top of the Bull Market Support Band. Throughout past bull cycles, this band has historically served as a crucial support level, with price retesting it during corrections and bouncing off it to continue its upward trend. Why This Level Matters For Bitcoin Uptrend In…
Bitcoin Price Struggles Near $113K – Will Bulls Force a Break?
Bitcoin price is struggling to recover above $112,500. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a recovery wave above the $110,800 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
New Peak: Bitcoin Mining Difficulty Soars To 135 Trillion
Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of 135 trillion. Miners now need more computing work than ever to win a block, while the overall hashpower available to the network has slipped from its summer peak. Mining Difficulty Reaches New High According to…
Bitcoin Price Weakens – Fresh Downside Risk If Bulls Fail Soon
Bitcoin price is struggling to recover above $111,500. BTC is now consolidating and might decline if there is a move below the $110,000 level. Bitcoin started a recovery wave above the $110,500 zone. The price is trading below $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…