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Bitcoin remains enclosed in a massive consolidation zone, now extending for 38 days. This sideways movement has been prolonged and is seen by many market commentators as indicating another price change is imminent. One of the major new patterns is the formation of a CME gap, which can be considered as a technical indicator of […]
Bitcoin has dipped below the $95,000 mark, and there is much excited conjecture about whether an altcoin season may be looming. The fall coincides with heightened volatility in conventional markets amid the Federal Reserves policy switch on interest rates and monetary policy tightening. In a recent YouTube video, Crypto Rover pointed out that a 4.5% […]
Egrag has shared his view on the current Bitcoin (BTC) market cycle and presented his estimates of the next cycle top and the bear market bottom. In a recent post on X he sets the next cycle top for BTC at between $130,000 and $175,000, with the bear market bottom of the next cycle possibly […]
Crypto Rover predicted that the market capitalization of Bitcoin would rise as suggested by historical and technical analysis. In his recent YouTube video, the analyst provided technical analysis, ETF fund flows, and macroeconomic indicators that indicate Bitcoin is poised to challenge the higher price band. He cites historical patterns and coin’s recent behavior as a […]
Crypto Rover has explained that Bitcoin has been rejected at a major resistance level that he had been anticipating. In a recent YouTube video Rover highlighted that this rejection indicates that BTC has now reached a critical stage where the cryptocurrency would likely find its footing before it begins to move again. The recent performance […]
The Bitcoin market remains in a phase of controlled optimism. In a recent X post, the platform looked at the Short-Term Holders Spent Output Profit Ratio (STH SOPR) and concluded that the market for Bitcoin has not yet reached its peak. According to a recent report, the STH SOPR; a metric that reflects the profitability […]
Bitcoin is forming a Rising Wedge pattern, cryptocurrency which has seen tremendous growth recently, is now in a consolidation phase where price action is building an upward sloping support and resistance. The Rising Wedge pattern is one of the most important and are used to signal potential reversal after a long bullish trend. Source: Chart […]
Alan Santana has recently raised concerns about the future of Bitcoin and whether it would hit the expected $100,000 mark. As of October 2024, Bitcoin has surged to $67 800 with the prospects of Fed rate cuts, spot Bitcoin ETFs and celebrity approvals. As Santana pointed out in a recent X post, there are no […]
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