Bitcoin has been trading sideways for quite some time now. We are now in the last quarter of the year with the end just around the corner. Does BTC look well-positioned to end the year on a ‘green’ note? Let’s see. Is Bitcoin Price Ready to Hit the Five-Figure Mark, Again? Popular crypto trader and analyst, Josh Rager pointed out his latest observation about the bitcoin market a few hours ago. He noted that BTC
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Bitcoin price continues to free-fall after a failed bullish rally. New signals and a breakdown of two confirmed patterns point to bearish downside targets in the low $7,000 range. Bitcoin Forms Elusive Diamond Top, Signaling a Deep Drop On Friday, October 18, Bitcoin price set a higher low at roughly $7,800, signaling that bearish sell pressure may be waning. It resulted in bulls being able to push the price of the first-ever cryptocurrency to $8,300,
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Noted YouTube financial markets and cryptocurrency analyst Alessio Rastani in his latest video has talked about the possibility of bitcoin crashing down to $3000. However, he believes that his ‘wildcard BTC price scenario’ has a higher probability of playing out. Euphoria, Anxiety, Denial Rastani began by discussing a very important market metric – the sentiment cycle. In any kind of market analysis, it is crucial to take into consideration the current mood or collective psychology
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Bakkt will go live with its physical BTC futures offerings on Monday, September 23. But, it seems bitcoin price is not quite in the mood to galvanize in action and has been sulking during the weekend. Bakkt Launch & CME Futures Launch ‘Are Different’ Noted crypto trader, Crypto Michaël took to Twitter today to ‘clear the air’ about bitcoin futures launches. There is ‘no similarity’ between CME futures launched in December 2017 and Bakkt which
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Bitcoin price levels quickly bounced off the triangle support at $9,400 back up to just below $11,000 at the beginning of September. Since then BTC has formed a falling wedge and looks poised for another move up. Bitcoin Price 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the falling wedge that has formed off the back of the most recent explosive move to the upside. During which, price levels rose from
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Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the decreasing volatility alongside low volume. There was a large bearish candle on the 29th of August that
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Bitcoin buyers are attempting to reject the bearish rising wedge pattern right now, after a short squeeze on the Bitcoin futures market elevated the price beyond $8,300. Will bulls be able to maintain this momentum, or will the heavy selling pressure prove too much to handle? Let’s take a look. Bitcoin Daily Cha rt On the BTC/USD daily chart, we can see that the price is still constricting inside the rising wedge pattern that we identified
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Bitcoin price has been rocket by another flash crash today, leaving many traders wondering if the bull season has already passed. But while the #1 cryptocurrency sits in the red, the price action seems to have other ideas. What is ‘The F*** You Reversal’? On the 4-Hour BTC/USD chart, we can see that an interesting pattern has been reappearing every time Bitcoin endures a flash crash, or strong pump in BTC price . It first
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Bitcoin buyers are fighting to remain inside a sideways channel as bears attempt to take back control of the asset. Have we seen the top of the bull market already or will bulls deliver another knockout performance soon? Let’s take a look at the bitcoin price analysis. Bitcoin Price Analysis: 30-Minute Chart On the 30-minute BTC/USD chart we can see that the asset has just recovered back inside a sideways channel that it had been
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Bitcoin price analysis shows that bullish momentum is building as BTC reclaims the psychological $8K level. But is a new YTD-high next? Bitcoin Price Analysis: Daily Chart Bitcoin’s price continues to track nicely inside an ascending triangle pattern, after bulls successfully springboarded off the $7,500 level yesterday. Now, their next challenge is to close above the psychological $8K level which currently stands between them and the YTD-high at $8,380. Can buyers keep the momentum going?
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Bitcoin price analysis shows that BTC has managed to find safety at $7,600 while the crypto market recovers from a $14 billion pullback. Can bulls hold on to this critical support, or will the market continue to unravel? Let’s take a look. Bitcoin Price Analysis: Daily Chart On the 1-Day BTC/USD chart we can see that Bitcoin price has returned on to the ascending triangle support at $7,600, as we predicted it would in yesterday’s
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Bitcoin price analysis shows BTC/USD returning above $8,000 was short lived. But is the dream of $9,000 now dead for the bulls in the near term? Let’s take a look. Bitcoin Price Analysis: Recap Today, ramped up selling pressure has extended Bitcoin’s distance from the psychological level by $200, leaving bullish traders fighting to defend the $7,800. Looking back at the BTC/USD 30-minute chart we released yesterday, we can see that the price managed to
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Bitcoin price analysis shows BTC is struggling to go above $8,000 as bears continue to drive the price south inside a downtrending channel. At the time of writing, the largest cryptocurrency by market capital is up a marginal 0.44% against the US dollar as bullish sentiment begins to thin out. Bitcoin Price Analysis: 4-Hour Chart On the 4-Hour chart we can see that bitcoin price is tracking faithfully inside a downtrending channel between two strong
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Bitcoin price analysis is showing BTC/USD consolidating inside a pennant pattern, but which way will it break after being rejected at $8,300? Bitcoin price (BTC) has had a wild ride over the last 7 days, printing a new YTD-high at $8,388, experiencing a heavy flash crash the following day, only to then recover back above $8,000 again. Let’s take a look at the bitcoin price analysis to see where this turbulent asset is headed next.
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The biggest flash crash we’ve seen this year has sent bitcoin price plummeting today, along with the rest of the altcoin market. A $31 million sell order placed during the early hours appears to have kick started this heavy correction, but how long can it go? Let’s take a look. Bitcoin Price 4-Hour Chart Bulls showed weakness yesterday foreshadowing a potential drop, Bitcoinist predicted yesterday, which is exactly what happened. On the 4-Hour BTC/USD chart
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Bitcoin price has continued its spate of volatility so far this week. After hitting highs of $8335 it has since been trying to establish wether it can conquer $8k and establish it as resistance. As we reach the middle of the week ahead of the East coast open, we take a look at the price action and what lies ahead. Bitcoin Price: Daily Chart Bitcoin price has put in two solid green candles so far
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Bitcoin finished the week at $6975, up a staggering 22 percent. With the market echoing the parabolic moves of late 2017, let’s take a closer look at the price action to see if this is the beginning or the end of the rally for Bitcoin. Bitcoin Price Weekly Chart Looking at the weekly chart we can see that bitcoin price is showing extremely strong momentum and has entered a parabolic move. The MacD is now
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Bitcoin price has been trading in a tight $147 range so far this week, which has been the case now for around 5 days, while the market attempts to digest the information around Bitfinex and Tether. As we close out the month, we take a look at the BTC/USD charts and what may lie ahead. Bitcoin Price: 1-Month Chart Looking at the monthly chart, Bitcoin price has had a tremendous month, kicking off in the
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Bitcoin price is trading up 3% so far this week at $5458, despite being down from the yearly highs of $5627 achieved on Tuesday. As we march towards the weekend, let’s take a closer look at what’s going on in the markets. 4-Hour Chart The 4-hour bitcoin price chart shows that BTC/USD has established a range high for the week, month and year, which remains in close proximity to current price action. Despite a selloff
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Bitcoin price is up 1.7% for the week heading into Easter weekend. Let’s take a look at the price action to see if BTC/USD will press higher. Bitcoin Price 4-Hour Chart The 4-hour bitcoin price chart paints a picture of consolidation preceding a definitive move. With weekly highs of $5308 hit overnight and lows of $4950 rejected on Monday, bitcoin trading today at $5250 illustrates bitcoin’s intentions are to move higher in the short term.
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