Tag: Price-Action
Bitcoin Needs to Hold $36K for Sustainable Upward Momentum
BTC should go back to the $36K level before flipping it to support more upward momentum, analysts said. (Read More)
Sizing Up a Bitcoin Bear
As Bitcoin price are cut in half from the ATH, the market experiences a large onchain capitulation event, with $2.5B in net realised losses. In response we analyse whether a macro bear has taken the reigns.
Ethereum Stays Steady Above $3,000 Based on Heightened Social Engagement
For the past ten days, Ethereum (ETH) has pitched camp above the psychological price of $3,000 based on increased social engagement. (Read More)
El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts
With the crypto market witnessing massive liquidations affecting retail and institutional investors, El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg. (Read More)
Bitcoin is Still on Track of Hitting $100K in the Long Term, OKCoin CEO says
Speaking on an interview Wednesday, Hong Fang, the CEO of crypto exchange OKCoin, opined that Bitcoin reaching $100,000 would not be a problem in the long term. (Read More)
Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
Bitcoin price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves.
The Week On-chain (Week 30, 2021)
The Bitcoin market has experienced a strong break-out out this week, trading from the consolidation lows of $29,479, to a high of $35,423...
Bitcoin Price in Wyckoff Accumulation? Daily Close Above $33,500 Is Required Before Teleporting to $42K.
The post Bitcoin Price in Wyckoff Accumulation? Daily Close Above $33,500 Is Required Before Teleporting to $42K. appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
After a mixed day for the crypto majors on Wednesday, Bitcoin and the larger crypto market have had another gloomy morning. Since May, the structure of BTC price movement resembles a Wyckoff accumulation pattern. While Wyckoff accumulation continues, Phase D is the next step. Phase D is the current phase Bitcoin is in, and as …
Cardano Slumps to Range-Bound Zone, Lacks Buying Power at Higher Price Level
For the past week, Cardano's (ADA) price has been stalled below the $1.400 overhead resistance. ADA price is now fluctuating below the overhead resistance to retest it.