After failing to gain bullish momentum earlier this month (with a breakout to the upside from a triangle-like pattern), Bitcoin continues to trade erratically. Currently, it hovers around the $63,500 price tag, which appears close to the ascending trendline that connects peaks from December 2023 to mid-January 2024. If this trendline is broken to the downside, it...
On the appearch of the TOTAL crypto chart the 10 day moving average and the 50 day moving average are crossing. The 10 day line is crossing over the 50 day, as in going under.
Bitcoin broke to the upside from a triangle-like pattern but failed to gather enough momentum to ascend to new all-time highs. Subsequently, its price broke down below $69,000. Interestingly, the preceding rise was not accompanied by a drop in the number of Bitcoin addresses with balances exceeding 1,000 BTC (and also those exceeding 100 BTC), suggesting large...
Bitcoin continues to form a triangle-like pattern on the 4-hour chart. Its price is currently testing the upper bound of this pattern, and a breakout to the upside would be bullish in the short term. Nevertheless, whether Bitcoin will gather enough momentum to be propelled substantially higher from the current level remains to be seen. Illustration 1.01 ...
Bitcoin has been experiencing significant volatility over the past two weeks, with its price oscillating around the $70,000 price tag. This pattern of sideways-moving price action starkly contrasts with the robust and consistent upward trajectory observed in the months leading up to Bitcoin’s recent all-time highs. In the previous update on Bitcoin, we outlined...
Bitcoin rebounded above $70,000 after falling nearly 18% earlier this month. Currently, it trades near the $71,200 price tag. Technical indicators such as RSI, MACD, and Stochastic began reversing to the upside on the daily chart. In addition to that, the number of Bitcoin addresses with balances exceeding 1,000 BTC continued to rise, suggesting that some of the...
Support and press the rocket to cheer me up Observe the ten percent loss limit Stay away from Bitcoins Feel free to buy and sell and post your comments
Bitcoin has erased nearly 14% in the past five days, falling below $64,000. In the process, it broke below the ascending trendline that connects peaks from January 2023 and March 2023. On top of that, technicals like RSI, MACD, and Stochastic have continued to decline on the daily time frame, which is turning increasingly bearish and could imply that the...
Bitcoin dropped below $67,000 overnight. Interestingly, this price action was preceded by a bearish breakout in the RSI and a reversal in MACD and Stochastic on the daily chart. These developments are highly worrisome, especially as the stock market rally is losing steam at the same time as Bitcoin; since the two markets are quite overbought, the case for a...
Bitcoin established a new high just below $73,000 before retracing slightly lower. Indicators such as RSI, MACD, and Stochastic continue to point in the bullish direction on the daily time frame. However, the RSI began diverging from the price, which is something to monitor in the foreseeable future. In addition to that, daily, weekly, and monthly time frames are...
Dear valued readers, Escaping the resistance level of $61,574 has propelled the price of cryptocurrencies to an impressive surge. Currently, it is trading at a record high of over $73,000, marking the highest level ever. At the time of writing, the cryptocurrency market is hovering around $72,189, continuously rising and setting new highs with a 0.1% increase for...
The TOken can show the coming time a broken volume. Data showing interesting trends for the coin. We will follow this coin for the target of $0,148 Possibility
After reaching a new all-time high yesterday, Bitcoin underwent a mini flash crash, erasing more than 14% in less than five hours and falling below $60,000. Nevertheless, it took only a few more hours for Bitcoin to recover and get back above the $66,000 handle, where it currently trades. The number of Bitcoin addresses with balances exceeding 1,000 BTC slightly...
Bitcoin extended its rise above $64,000 overnight. Since our previous update, there has not been much change to the number of Bitcoin addresses with balances exceeding 1,000 BTC. However, the addresses with balances exceeding 100 BTC continue to gain growing momentum. On the technical side, daily, weekly, and monthly time frames remain bullish, with multiple...
As euphoria grows more and more reminiscent of the market peak in late 2021, there is one strong warning signal emerging. Based on the data from LookIntoBitcoin, the number of Bitcoin addresses with balances exceeding 1,000 BTC underwent a considerable drop yesterday just as Bitcoin managed to break above $60,000. This figure dropped from 2,159 to 2,092, which...
Based on the chart, ADA has just completed correction wave 4 and continuation to complete wave 5 to complete wave 3 is expected, then from there we will be looking for the market to correct and complete wave 4 or if not wave 4 then we will expect market direction change. Will keep on updating on this, but for now, at the Current Price we are expecting a bullish...
News of MicroStrategy adding 3,000 more Bitcoins to its stash sent the cryptocurrency soaring from around $52,000 to more than $57,000 in less than 24 hours (now, MicroStrategy holds about 193,000 BTC). This price action was accompanied by the RSI’s retracement to the overbought territory and a bullish reversal in MACD and Stochastic (on the daily timeframe). The...
#tokenfi broke out the bear channel and now want to achieve Elliott' s 3rd wave impulse. NOT FINANCIAL ADVICE.