Category: Market Analysis

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Dash Price Up 70%, BSV Gains 300%: Is a Price Correction Imminent?

Dash and Bitcoin SV have posted some 2017-like gains in recent days as a technical correction looks likely to be on the cards. Bitcoin (BTC) has been showing strength recently, as it surged from $6,900 to $8,500 in a matter of two weeks. Not only has Bitcoin sees a period of growth, but privacy coins…
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Bitcoin Holding $8K as Support but What Will it Take to Break $10K?

Bulls look to regroup from a position of strength and aim to take Bitcoin price to new highs in 2020 by turning the $8,000 level into support. Bitcoin price (BTC) closed the week at $8,180 representing an 11% gain for the week after struggling to break the resistance at $7,600 for most of November and…
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Bitcoin Price $4K by April? One Big Reason to Not Be Bullish Just Yet

Despite strong gains over the past two weeks, Bitcoin’s price remains neutral, suggesting further downside is in store before a strong trend reversal can occur. Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now.…
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Bitcoin Price Is on the Verge of Breaking 7-Month Downtrend

Bitcoin price rebounded above $8,000, looking to test new highs in 2020 and break a 7-month downtrend with 5 months to go before the halving. The price of Bitcoin (BTC) broke out of a 2-month range and rallied to $8,400 during this week. However, the price couldn’t break out of the downtrend and is stuck…
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New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think

Bitcoin price increased amid rising tensions in the Middle East earlier this week but is BTC’s recent correlation to gold price supported by the data? Bitcoin’s (BTC) classification has been a controversial and difficult topic for crypto-enthusiasts, investors, and regulators to reach a consensus on. The digital asset has been compared to a currency, a…
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4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

As Bitcoin price climbs, several key indicators suggest that altcoins may have bottomed as many appear in the process of staging trend reversals. Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well. Recent surges from large caps have been in the…
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Bitcoin Price: First 4-Day Win Streak Since July Flips Charts Bullish

Bitcoin bulls are pushing hard at $7,600 resistance as the market waits for the U.S. to open and determine what direction BTC price will likely go this week. Bitcoin (BTC) closed the week down 0.39% at $7,356 having recovered very quickly from a daily close, which saw BTC trading down at $6,850 for a short…
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Bitcoin Nears $7.5K: Why a Bull Market Is Closer Than You May Think

Bitcoin price pumped 7% on Jan. 3 as exchanges may have tried to offset the impact of “proof of keys” and lure in new cryptocurrency traders. Bitcoin price (BTC) is currently resting just shy of $7,500 after an impressive rally from around $6,850 on Friday, Jan. 3. Does this mean the bulls have taken control?…
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Here’s What Must Happen for $9K Bitcoin Price in the Coming Months

Bitcoin is showing signs of bottoming after its latest rebound above $7,000 as several key hurdles remain for the bulls five months before the halving. Bitcoin (BTC) made a sudden jump of 8% yesterday and is currently hovering at around $7,300. As the price bounced from $6,900, a higher low is presenting itself on the…
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5 More Bearish Candlestick Patterns Every Bitcoin Trader Must Know

Here are five more bearish candlestick patterns that every Bitcoin and crypto trader should recognize to protect against losses and take their trading skills to the next level. Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware…
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