BTC Update: BTC is not giving up so easily. It is still trying to pressurize the resistance and break above it. This scenario creates possible chances for BTC to break above the trendline and set a new target close to maybe $37k. According to the chart, a rejection toward $33.5k was something that I expected and I still am gonna stick to it unless BTC breaks the...
The approach of Bitcoin toward the $35,000 mark has stirred optimism among investors, with recent surges delivering substantial profits. While many are eager to jump in, some analysts suggest stepping back and waiting until mid-December. Bitcoin has witnessed a remarkable 35% price increase over the past six weeks, trading at $34,747 at the time of writing. This...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase as an Corrective Pattern in Long Time Frame. Completed " ABCD " Corrective Waves. It will Reject from the Lower Trend Line of the Corrective Pattern " Symmetrical Triangle " in Short Time Frame or from LTL of Consolidation Entry Precaution : Wait until it gives Strong Bullish Price Action Rejection
Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated...
Bitcoin (BTC) has formed a technical pattern on the daily chart, indicating a potential move towards $40,000 in the coming week. This pattern, known as a continuation chart pattern, typically occurs after a significant upward or downward movement, followed by a short-term consolidation before the asset resumes its previous trend. The signal for Bitcoin's price...
As of the time of writing, the price of Bitcoin stands at $34,697, showing strong upward potential. It hovers around the mid-range of the yearly low of $35,184. The leading cryptocurrency has doubled in value since closing at $16,542 on December 31st, surpassing the critical 61.8% Fibonacci level at $28,067. It has also broken through the 78.6% Fibonacci level at...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves. If it Rejects from the Upper Trend Line of the Corrective Pattern " Rising Wedge " in Long Time Frame then It will Completed the Retracement for the Break of Structure and " A " Corrective Wave Entry Precaution : Wait for the Proper Trend Reversal / Rejected Price Actions
On Tuesday, US stocks opened on a positive note, propelled by a slew of robust earnings reports from major corporations such as General Electric (NYSE: GE), Coca-Cola (NYSE: KO), Verizon (NYSE: VZ), and 3M (NYSE: MMM), uplifting investor sentiment. The Dow Jones Industrial Average rose by 0.66% at the opening, while the Nasdaq Composite gained 0.82%. Investors...
Bitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark. BTC recorded a 17% increase in 24 hours, reaching a daily high...
Bitcoin experienced a remarkable 10% surge on Monday, reaching its highest level in 1.5 years. This surge also propelled cryptocurrency-related stocks, such as Coinbase Global, Marathon Digital, and MicroStrategy, to higher values during after-hours trading in the United States. The world's largest cryptocurrency ultimately settled at $32,833 after trading as...
Bitcoin (BTC) has seen a significant resurgence in its market dominance after a two-year downtrend and the initiation of the "crypto winter" last year. Often referred to as 'digital gold,' the cryptocurrency has showcased a remarkable recovery, surging by 71% since the beginning of 2023. As of Sunday, amidst this uptrend, Bitcoin is trading around $30,000, and its...
The impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors. If the Fed's monetary policy responds...
The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year...
In the world of cryptocurrencies, mystery shrouds the identity of Satoshi Nakamoto, the elusive creator of Bitcoin. Recent reports from Arkham, a leading crypto research firm, have unveiled an intriguing revelation: Nakamoto might be one of the most significant Bitcoin whales, holding an untouched investment portfolio of 1.1 million BTC, currently valued at a...
On Tuesday, Bitcoin maintained its position above $28,000, hovering near its two-month high. The cryptocurrency's resilience is attributed to a surprising 0.7% surge in US retail sales for September. After dipping from its Monday peak of $30,000 to a low of $27,855.21 yesterday, the digital currency rebounded to over $28,600 today. This marks Bitcoin's highest...
Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision...
Bitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false. Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated,...
Over the past 20 months, the number of large Bitcoin holders has increased by 8.1%, according to Santiment data. This uptick follows the bearish market of 2022, with significant Bitcoin transactions and price stability now highlighting positive market sentiment. Bitcoin has witnessed a notable rise in the number of addresses holding at least 10 BTC, indicating an...