Tags : BTCUSD

Bitcoin

Bitcoin Weekly Outlook: Yields Continue to Pressure BTC/USD Downwards

Key Bitcoin Takeaways: Bitcoin posts strong recovery during the weekend session but looks weaker at the new week’s beginning. MicroStrategy’s relentless accumulation of the cryptocurrency and the US government’s additional stimulus package provide tailwinds to the price rally. Meanwhile, upbeat long-term Treasury yields weaken Bitcoin’s appeal. The bitcoin price retraced from its upside weekend session […]Read More

Bitcoin

Bitcoin (BTC/USD) Signals Falling Wedge Breakout to Retest $58,000

Bitcoin opened this week in positive territories, looking to recapture its record high levels after crashing to its three-week lows in the previous session. The benchmark cryptocurrency was up 4.70 percent ahead of the London morning bell, hitting an intraday high shy of $47,500 after bouncing off its 200-4H simple moving average wave. Its sharp […]Read More

Bitcoin

Bitcoin Weekly Outlook: T-Bonds Threaten Crucial BTC/USD Support

Key Bitcoin Takeaways: Bitcoin fell wildly last week as the US dollar capitalized on rising Treasury bond yields. Nonetheless, dip-buying sentiment near a technical support level kept the cryptocurrency’s bullish bias intact. A further rise in yields could have bears test the support area for a breakdown. The BTC/USD exchange rate logged a sharp rebound […]Read More

Bitcoin

Bitcoin Fractal Sees BTC/USD Hitting $35-40K Before Resuming Bull Run

Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal. First highlighted by TradingShot, an independent crypto trading consultancy, the fractal relies on a flurry of technical indicators to make its short-term bearish case. They include a so-called pitch-fan, three moving averages, and two momentum indicators. All […]Read More

Bitcoin

Bitcoin (BTC/USD) Will Not Crash Below $36,000, Asserts Forex Analyst

A recent price explosion in the Bitcoin market has pushed its costs to over $52,000 per token, more than double its December 2020 nadir. The cryptocurrency’s meteoric rise has also sent its momentum indicators into an overbought area, which typically amounts to a downside correction in the medium-term. Bitcoin RSI indicator is flashing warnings about […]Read More

Bitcoin

Bitcoin Fractal That Crashed BTC/USD by 50% Flashes Again in

Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent. According to a fractal first spotted by TradingShot, an independent trade analytics firm, the flagship cryptocurrency’s downside correction move from its recently-established record high near $42,000 is very similar to its plunge in June 2019. That […]Read More