Bitcoin deposit to cryptocurrency exchanges continue to decline in sharp contrast to previous BTC price rallies according to an observation by Glass Node. GlassNode offers advanced on-chain insights, tools, and data for Bitcoin and other digital asset investors. Not surprising, the trajectory has been interpreted as bullish by a parallel Twitter poll organized by the
Bitcoin bulls seem to be readying for a comeback after last week’s dip. At spot rates, BTC has an upper hand against the greenback, adding 3% in the past trading day, subsequently pushing their monthly gains to 19%. Notably, from the daily chart, there is a conspicuous bull candlestick bouncing from the 20-day Moving Average,
Bitcoin (BTC) could gallop higher to $13,800, or 2019 highs, if price action is anything to go by. Following a successful week, BTC is now trading at around $8,700, and looks likely to close the week higher, above an important liquidation level for the first time since September 2019 when bulls faltered causing prices to
Bitcoin (BTC) indicators signal a price revival that will see price surge, retesting its all-time highs of $20,000 by July 2020. This is the review of one swing trader and technical analyst who took to Twitter, laying down his reasons. Benefits from its Safe Haven Status Behind this optimism are several fundamental and technical developments.
In the midst of political and economic tension between US and Iran, Bitcoin [BTC] price seems to have found a strong bullish edge. At the moment, the price has broken above all resistances preparing the bulls for further action. Leading chart analyst and derivatives trader, Peter Brandt, lists four criteria for the confirmation of the
Evidently, cryptocurrency analysts are all over the map with their Bitcoin price predictions. While some are optimistic, expecting prices to soar to $1 million others forecast doom. Bitcoin halving is scheduled for May 2020. However, if Bitcoin forecasts are based on Logarithmic Growth curves, bulls are firmly in control. Based on an analysis of one
Bitcoin bulls appear to be back. To quantify how impressive BTC performance has been in the last 24 hours, the coin is up 8%, pushing year-to-date gains by 90%. In the daily chart, the result is a double-bar bullish reversal pattern that reversed Dec 17 losses. Is Bitcoin Breaking Away from Bears? Dec 18 snap