Bitcoin price is in a downtrend, after spending nearly a full year in a parabolic uptrend. An indicator bearing the “parabolic” name on monthly timeframes has given a signal, that according to past instances, has always...
Author - Zita Mraz
Zita MrazBitcoin Eyes Recovery, Here’s Why BTC Could Struggle Near $35K
Bitcoin price extended its decline and tested the $31,500 zone against the US Dollar. BTC is now recovering losses, but it is likely to face sellers near $34,000 and $35,000. Bitcoin remained in a bearish zone and it...
Bitcoin Dips From $40K, Here’s Why Uptrend Is Still Intact In BTC
Bitcoin price started a downside correction from well above $40,000 against the US Dollar. BTC is now trading near a major support at $38,000, where the bulls are currently active. Bitcoin started a downside correction...
Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum
Bitcoin price is making its best attempt yet to climb back above $40,000 since the big crash in May. Thus far, the phrase “sell in May and go away” has worked like a charm, and it could take longer before buying coins...
TA: Bitcoin Signals Fresh Decline, Why Dips Could Be Limited In BTC
Bitcoin price extended its upward move above the $37,500 resistance against the US Dollar. BTC failed to clear $38,500 and it is now correcting lower. Bitcoin traded above $38,000, but it failed to continue higher above...
How Extreme Fear In Crypto Correlates With Bitcoin Bottoms
The crypto market is in full fledged fear for the longest phase in more than a year, coinciding with a massive Bitcoin drop of more than 50%. The once trending cryptocurrency has yet to recover, leaving the market and...
Bitcoin Recovers Sharply, Why BTC Could Rally Further Above $38K
Bitcoin price started a strong increase above the $35,000 resistance against the US Dollar. BTC is currently showing a lot of positive signs and it could even surge above $38,000. Bitcoin started a steady increase above...
Bitcoin Daily Dragonfly Doji Gives Bulls Hope Of Sharp Reversal
Bitcoin price is now up $6,000 from yesterday’s low in a flash. A long wick below support is now left behind, forming a Japanese candlestick formation called a dragonfly doji. With a large follow through by crypto bulls...
Bitcoin Extends Losses, Why $30K Holds The Key For Next Wave
Bitcoin price extended its decline below the $33,000 support zone against the US Dollar. BTC is currently recovering and it must stay above $30,000 to avoid a larger decline. Bitcoin extended its decline below the...
Bitcoin Indicator Behavior Mimics Historic Rally
Bitcoin price keeps sinking, but has kept mostly sideways leaving bears unable to break support to new lows. With the trading range at a pivotal point, as one trading legend often says it is “time to pay attention.” The...
