Bitcoin Price Fell on Profit-Taking, the Bull Case is Still Strong
After smashing an all-time high on Monday, Bitcoin price retreated amid traders profit taking strategy as the largest coin soared almost 40% in the last month alone. Despite the selloff, the market fundamentals are supporting the bull’s case considering the crypto adoption.
Here’s What Analysts Say About Bitcoin Future After Reaching a Three Year High
Bitcoin price has reached three years high of $18700 level, shy slightly from an all-time high of $20K that it had hit at the end of 2017. The price of the largest digital coin soared sharply since the pandemic hit global stock markets in the past two quarters.
Bitcoin Price Will Hit a New All-Time High Soon, Here’s Why
Bitcoin price hit three years high of $18800 level last week as big market players have started showing confidence in the largest digital coin. The price of bitcoin continues trading around the $18500 level, with expectations that the price will soar above the recent all-time high of 20K shortly.
Bitcoin Smashes Three Year High of $18K, Higher Adoption in Focus
Bitcoin price soared to the highest level in the last three years as several past events have raised investors’ confidence in the largest digital coin. Institutional investments by MicroStrategy and Square along with product integration by PayPal boosted investors’ confidence.
Ethereum Lagging Bitcoin to Target $490
Bitcoin has advanced breaking its August high and reclaiming 12500. Ethereum is now lagging the move with signals suggesting it could follow. Ethereum – Volume spike above 50 EMA and close above the daily flag pattern. Moving down to lower time frames will also provide smaller continuation patterns for upside.…
Bitcoin Forming 5 Wave Wedge for Bearish Continuation
Wedge patterns are generally a sign of trend continuation when broken to the downside during a downtrend. Bitcoin is currently forming the E wave completion. Bitcoin on the daily chart is consolidating below a trend break also providing further falls through target 1 in this trade idea. Key Points:…
CNBC Fast Money Gives an Insane 95 % Accuracy for Bitcoin
Is CNBC Fast Money A Bitcoin Indicator? According to trader Jacob Canfield on the charting platform TradingView CNBC’s Fast Money, CNBC Tweets Have Been a Contrarian Bitcoin Price Indicator With 95% Accuracy Jacob says:”After back-testing what I like to call the “CNBC Bitcoin -0.78% Indicator,” it is giving us a clear buy signal…