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Despite the drop, BTC is approaching a confluence of support levels that are expected to initiate a sizeable bounce.

BTC has been moving downwards, since April 14. The decrease accelerated on April 18, taking the price down to the support line of an ascending parallel channel. 

After a weak bounce, BTC broke down from the channel, yesterday. Afterwards, it fell below the 0.618 retracement support at $51,368, an area which could now act as resistance.

Technical indicators in the daily time-frame are bearish. The Stochastic Oscillator has made a bearish cross while the RSI has dropped below 50. Furthermore, the MACD is negative. 

The next support is found at $47,680, created by the 0.786 Fib retraceme ... Read more »

Category: Analytics | Views: 101 | Added by: danyagames2007 | Date: 23.04.2021 | Comments (0)

Biden's capital gains tax story is the key headline doing the rounds but in the crypto space, there's a lot of rumours floating about Yellen proposing a 80% capital gains tax on cryptocurrencies in particular.

On the latter, it's quite hard to believe that Yellen would be taking the lead in terms of proposing such policies, so believe what you want with the rumours.

There are no firm reports (besides Twitter talk) on that, for what it's worth.

In any case, Bitcoin is facing pressure under $50,000 currently as price breaks towards its 100-day moving average (red line) for the first time since October last year.

Of note, the drop also snaps the uptrend momentum in which buyers have kept since th ... Read more »

Category: Analytics | Views: 86 | Added by: danyagames2007 | Date: 23.04.2021 | Comments (0)

The price of bitcoin has crossed a new all-time high (ATH) on Tuesday, as the leading crypto asset has jumped to $63,275 per unit during the early morning trading sessions (EST). At the time of publication, the entire market economy with over 9,203 cryptos is valued at $2.153 trillion with $164 billion in global trade volume.

Bitcoin Price Touches New Highs

Bitcoin (BTC) has finally crossed the psychological resistance at the $60k mark and even brushed past the last all-time price high. At around 5 a.m. (EST), bitcoin’s price jumped to a new ATH reaching $63,275 per BTC. At the time of writing, BTC is just under the $63k handle and has a market valuation of around $1.177 trillion today. That’s ... Read more »

Category: Analytics | Views: 139 | Added by: 4zvezda | Date: 13.04.2021 | Comments (0)

BCH/USD shifts its focus to $680 after clearing resistance at $650. Yesterday, the market was extremely down towards the 9-day and 21-day moving averages. At the time of writing, Bitcoin Cash is creating a new bullish trend and trading at $666.00 within the channel.

What to Expect from Bitcoin Cash (BCH)
BCH/USD remains above the moving averages, trading towards the upper boundary of the channel. Peradventure the market drives below the moving averages, the BCH price may likely slump to the initial support at $600, which may later bring the price to its critical supports at $550, $500, and $450. But presently, the signal line of RSI (14) moves above the 60-level and this could increase the buying pressure as the price may cros ... Read more »

Category: Analytics | Views: 145 | Added by: danyagames2007 | Date: 11.04.2021 | Comments (0)

(Kitco News) - Bitcoin-U.S. dollar prices are steady-firm in early U.S. trading Friday. Trading has turned sideways this week. The bulls are not in trouble yet. They are still keeping alive a price uptrend in place on the daily bar chart and still have the firm overall near-term technical advantage. Stay tuned!

Sourse: kitco.com

... Read more »

Category: Analytics | Views: 81 | Added by: danyagames2007 | Date: 09.04.2021 | Comments (0)

Despite the best efforts by bulls for what has been several weeks now, Bitcoin price can’t seem to get back above $60,000 and spend any meaningful time above it.

Fundamentals are as bullish as it gets for the top cryptocurrency, but bearish technicals might have finally caused sellers to step in. That’s according to one crypto company CEO, who has warned of sell side intensity increasing substantially in the last several hours. It’s caused them to be increasingly convinced that a cycle top is potentially in. Here’s a deeper look at why.

Bitcoin Bull Run On The Ropes As Technicals Face Off Against Fundamentals

Bitcoin price has had its best year on record yet dollar for dollars and fundamenta ... Read more »

Category: Analytics | Views: 136 | Added by: andryvrozhkov | Date: 09.04.2021 | Comments (0)

Among the many reasons for the ongoing bull run in Bitcoin, has been the emergence of corporations and businesses adding BTC to their company treasury reserves.

The sudden increase in demand for large sums of BTC during a period of low supply has caused prices to go parabolic. Interestingly, so have the numbers of mentions in company earnings reports that reference the first ever cryptocurrency by name.

Bitcoin Becomes Corporate Treasury Asset, Led By MicroStrategy CEO Michael Saylor

2020 was undeniably the year Bitcoin officially matured as an asset. Rather than pure speculation, the cryptocurrency network has shown it is here to stay, and instead the underlying asset is being leveraged to protect against dollar i ... Read more »

Category: Analytics | Views: 121 | Added by: andryvrozhkov | Date: 09.04.2021 | Comments (0)

Is a broader rally forming for Bitcoin as sidelined capital makes its way onto exchanges?

Nearly half a billion in Tether (USDT) inflows were recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode data.

Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC's price drop. 

... Read more »

Category: Analytics | Views: 208 | Added by: rozhkovagency | Date: 08.04.2021 | Comments (0)

STOCK-TO-FLOW CREATOR SAYS THE TOP IN THE CURRENT CYCLE IS “NOWHERE NEAR”

Bitcoin is well on the way to proving the highly cited stock-to-flow model for predicting future price appreciation to be true. The now revised mathematical model takes into consideration the asset’s limited supply, regularly scheduled halvings, and other factors to formulate a potential trajectory the price per BTC should loosely follow.

Due to the cryptocurrency’s notorious volatility, price can fluctuate significantly yet still for the most part follow the stock-to-flow model’s trajectory. Plan B, the model’s creator took the opportunity to remind followers of the prediction tool that the cryptocurrency can rise or fall by 20% or more in short timeframes.

... Read more »

Category: Analytics | Views: 114 | Added by: danyagames2007 | Date: 08.04.2021 | Comments (0)

STOCK-TO-FLOW CREATOR SAYS THE TOP IN THE CURRENT CYCLE IS “NOWHERE NEAR”

Bitcoin is well on the way to proving the highly cited stock-to-flow model for predicting future price appreciation to be true. The now revised mathematical model takes into consideration the asset’s limited supply, regularly scheduled halvings, and other factors to formulate a potential trajectory the price per BTC should loosely follow.

Due to the cryptocurrency’s notorious volatility, price can fluctuate significantly yet still for the most part follow the stock-to-flow model’s trajectory. Plan B, the model’s creator took the opportunity to remind followers of the prediction tool that the cryptocurrency can rise or fall by 20% or more in short timeframes.

... Read more »

Category: Analytics | Views: 98 | Added by: danyagames2007 | Date: 08.04.2021 | Comments (0)

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