Bitcoin is seeing higher highs and higher lows indicating that we are not yet in a bear market. i also believe that bitcoin is about to break out hopefully to a new high due to the extremely low prices which many whales are buying at to hold for a long time leading to a reduced supply therefore causing a higher price.
however, bitcoin may not break out as in...
During BTCs flash crash causing the rest of the market to fall didn't impact ETH as much as it impacted the rest of the alt coins. eth has been on a steady rise since January. when ETH broke out of this channel and reached a previous ATH it shortly after fell within the channel. Furthermore, when ETH fell below the channel it soon re-entered the channel on a push...
Bitcoin has hit the 50 day MA today after $900 million has been liquidated. This has caused bitcoin to start forming a second shoulder in a head and shoulders pattern on the 1 day chart. At the time of writing bitcoin is $49,000, following the head and shoulders pattern bitcoin could see $55,000 before further plummeting to $40,000. However, if bitcoin rebounds...
Just a quick analysis on BTC.
BTC is forming a second head and shoulders pattern. as we saw last time it dropped dramatically and if it continues to form the second shoulder it will fall by 36%. however, as lots of people are now holding BTC in cold wallets which removes liquidity I doubt the bears will be able to push the price down 36%.
I have seen similar...
