Organic growth from spot traders opens up key resistance levels closer to $60,000 for BTC/USD, analysts argue. Bitcoin (BTC) is riding high on the back of a “very low and healthy” indicator, according to one market analyst, which could propel it to a key resistance level at $58,000. In a tweet on April 27, analyst…
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The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock,…
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Bitcoin bounced off $53,000 support but another leg down should not be ruled out in the near term. Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative…
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The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach. Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies. This breakout above $35,000 earlier this week was significant…
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Bitcoin price gets a boost from the world’s richest man, Elon Musk. Bitcoin (BTC) has been correcting since the peak high at $42,000. However, this correction might have ended as a significant momentum shift occurred in recent days. The GameStop debacle raised many questions about big parties’ trustworthiness and exchanges, after which more and more…
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The monthly RSI of Bitcoin has surpassed 80, which has historically led to larger rallies in the past. The monthly relative strength index (RSI) of Bitcoin (BTC) shows the dominant cryptocurrency is primed for another rally. Is 2021 an ideal time for a Bitcoin rally? The RSI is a momentum indicator that measures whether an…
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