Bulls

Here’s Why Bitcoin May Soon See a Sharp “Downside Flush” Despite Stability

Source Node: https://bitcoinist.com/heres-why-bitcoin-may-soon-see-a-sharp-downside-flush-despite-stability/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-bitcoin-may-soon-see-a-sharp-downside-flush-despite-stability
Time Stamp: August 18, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has found some strong stability within the lower-$12,000 region following yesterday’s upswing Analysts are widely confident that it is currently caught within the early stages of its next bull run, which may ultimately lead it up towards its all-time highs Despite getting closer to these highs each week, there may still be some turbulence ahead for the cryptocurrency One analyst is noting that high funding rates for BTC on margin trading platform spell trouble for its near-term outlook He believes that BTC will soon see a sharp downswing that

Here are the Levels Analysts are Watching That Will Determine Bitcoin’s Future

Source Node: https://bitcoinist.com/here-are-the-levels-analysts-are-watching-that-will-determine-bitcoins-future/?utm_source=rss&utm_medium=rss&utm_campaign=here-are-the-levels-analysts-are-watching-that-will-determine-bitcoins-future
Time Stamp: August 17, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been trading within a large  range throughout the past several weeks This has done little to offer investors with insights into the cryptocurrency’s mid-term trend That being said, bulls are now striving to break above the upper boundary of this range, with a confirmed and sustained break being an incredibly bullish sign for BTC Top traders are still expressing caution when it comes to the cryptocurrency’s short-term outlook One trader is noting that a failure for BTC to post a new high above $12,000 would be a grim

Will Ethereum’s Strong Weekly Close Be Enough to Propel It Higher?

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Time Stamp: August 17, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been hovering between $420 and $430 for the past few days, with the resistance found around $450 sparking a prolonged consolidation phase The cryptocurrency has been unable to extend its recent upwards momentum after facing a rejection at this level This has pointed to some underlying short-term weakness, although its long-term outlook remains incredibly bright Analysts are now noting that the token may be well-positioned to see significantly further upside after it sees a low-time-frame dip This potential strength comes after it closed its daily and weekly candle

Bitcoin is Poised to Push Towards $14,000 After Posting Bullish Weekly Close

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Time Stamp: August 17, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has continued consolidating within the upper-$11,000 region overnight This extended period of sideways trading has come about despite it facing multiple recent rejections at $12,000 Its inability to break above this level has so far not led it to see any notable near-term downside, with $11,700 becoming a strong level of support This support level was previously a crucial resistance that it was struggling to close above Yesterday marked the first daily – and weekly – close that the cryptocurrency had been able to post above this crucial level

Bitcoin Blasts Back Above $12,000, Sets New High For 2020

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Time Stamp: August 17, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s price this morning blasted clean above $12,000 for yet another attempt to hold above the key level. The latest move also has set a new high for the year. Will this latest performance from bulls lead to a much stronger push higher to retest $14,000, or after so many weeks of positive momentum, is the trend started to near its end? New 2020 Record High Set For BTCUSD After Monday Morning Mayhem This morning, to start off the week with as Monday morning trading activity started across the US,

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

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Time Stamp: August 16, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

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Time Stamp: August 16, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

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Time Stamp: August 16, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

Bulls Stampede Toward $12K Bitcoin Price as Weekly Close Approaches

Source Node: https://cointelegraph.com/news/bulls-stampede-toward-12k-bitcoin-price-as-weekly-close-approaches
Time Stamp: August 15, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin price is making a strong push toward $12,000 with just 24-hours before the weekly close occursDespite multiple rejections at the $12K mark, BTC continues to make higher lows and traders are buying dips at underlying support levelsChainlink reached a new all-time high at $19.80 and Ether is struggling to push above $430Cryptocurrency daily market performance snapshot. Source: Coin360Typically, for Bitcoin (BTC), weekends are marked by reduced trading volume as day traders take a break and the CME Bitcoin markets are closed. Experienced traders will also know that exchange order books

Analyst Who Predicted Bitcoin’s 2018 Bottom Expects a Move to $14k

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Time Stamp: August 14, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is stagnating in the high-$11,000s once again despite Ethereum breaking higher. BTC trades at $11,800 as of this article’s writing, meaning the asset remains below the critical $12,000 level. An analyst thinks Bitcoin is poised to move to $14,000 in the near future. The analyst in question is one that has been historically accurate with his price calls. He famously predicted BTC would bottom 2018’s bear trend at $3,200 months before it did. Others think that BTC is primed to move to $14,000, citing technical and fundamental reasonings. Bitcoin

Bitcoin Could See a Major Breakout in The Coming Days; Here’s Why

Source Node: https://bitcoinist.com/bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-major-breakout-in-the-coming-days-heres-why
Time Stamp: August 14, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been stuck in a tight trading range throughout the past several days This has offered little insight into the cryptocurrency’s short-term trend, as both its buyers and sellers remain at an impasse As for where it may trend next, analysts now seem to believe that it is coiling up for a major breakout This could lead it well past $12,000 in the coming few weeks There are a few factors that suggest this type of movement is imminent, including Barstool Sports founder Dave Portnoy’s foray into BTC Bitcoin

Here’s How Low Ethereum May Need to Plunge Before it Can Rally Higher

Source Node: https://bitcoinist.com/heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-low-ethereum-may-need-to-plunge-before-it-can-rally-higher
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum saw a massive price spike yesterday that allowed it to shatter its previous resistance at $400 From here, the cryptocurrency rallied nearly 10% higher until it hit the $430 region, which is where it found some short-term resistance Although being incredibly strong at the present moment, analysts are noting that it may first need to see a deep pullback before its price can push any higher This may lead it as low as $360 in the near-term, but analysts are also noting that a bounce here could confirm a