Tags : Asserts

Bitcoin

Bitcoin At Risk of “Faking Out” As Price Hovers Near

A recent wild run-up in the Bitcoin market faces risks of faltering as traders hesitate to buy the cryptocurrency at higher rates, asserts Marc Principato, the executive director at Green Bridge Investing, a cross-market investment management firm. Bitcoin to $50,000? The analyst warned in a note to followers that BTC/USD could pare its latest gains, […]Read More

Bitcoin

Bitcoin Support at $47K “Very Strong,” Glassnode CTO Asserts After

Bitcoin has an extreme potential to hold $47,000 as its support level, according to Rafael Schultze-Kraft, the co-founder/CTO of blockchain analytics platform Glassnode. The data scientist studied the number of existing bitcoins that moved within the said price bucket and placed it against other price levels. He noted that the “UTXO Realized Price Distribution” near […]Read More

Bitcoin

Bitcoin (BTC/USD) Will Not Crash Below $36,000, Asserts Forex Analyst

A recent price explosion in the Bitcoin market has pushed its costs to over $52,000 per token, more than double its December 2020 nadir. The cryptocurrency’s meteoric rise has also sent its momentum indicators into an overbought area, which typically amounts to a downside correction in the medium-term. Bitcoin RSI indicator is flashing warnings about […]Read More

Bitcoin

Bitcoin Will Not Go Down Below $28,000, Asserts On-Chain Analyst

A strong downside correction in the Bitcoin market seen earlier this week is threatening to become a full-fledged bear trend as BTC/USD struggles to move past certain technical resistances. Many traders agree that the pair could continue its move lower, forming a potential Head and Shoulder pattern, a bearish reversal structure. As Bitcoinist covered here, […]Read More