Analyst Puts Bitcoin Bottom At $50,000, Here’s Why

With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year.

Taxes, Higher Electricity Rates Coming for Russian Bitcoin Miners - Lawmaker

The parliamentarian charged with creating Russia’s crypto regulation has hinted that crypto mining tax could be coming – while the days of rock-bottom energy prices for miners across the whole CIS region appear to be coming to an end.

Bottom-buying traders and new governance features back KeeperDAO’s 118% rally

New governance features, a robust treasury and increasing community activity catalyzed a strong bullish breakout in ROOK price that has traders setting a target at $345.

XRP Gearing Up for Major Rally As Two Low-Cap Altcoins Carve Out Bottom, Predicts Top Crypto Analyst

A closely followed crypto strategist and trader says XRP is gearing up for a possible 50% surge as two low-cap altcoins carve out their bottoms.

Think $60K is the top? This Bitcoin fractal suggests it's the next bear market bottom

The cyclical nature of Bitcoin bull and bear markets means that $60,000 is mathematically more likely to be a floor, not a ceiling, in future. Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls.In a tweet on Oct.

Bitcoin Price Analysis: BTC Enters Near-Term Pullback, Is Local Bottom Found?

BTC’s recent 46% rally from the lows at $39.6k has been very impressive as prices pushed above $50k, the September high at $52.9k, with higher highs being made.

Bitcoin Whales Have Scooped Up Nearly $4,800,000,000 in BTC Since September Bottom: Santiment

Bitcoin’s (BTC) recent price surge continues to be a “whale’s market,” according to the crypto analytics firm Santiment.

Crypto Trader Michaël van de Poppe Predicts Rallies for Chainlink and Tezos, Outlines Bottom Targets for Cardano and VeChain

Crypto strategist and trader Michaël van de Poppe says he’s expecting rallies for Chainlink and Tezos as he plots his bottom targets for Cardano and VeChain.

LUNA, AXS outperformed in September, but what will October bring

The month of September was a roller coaster ride that started off on a high note, reached rock bottom, and then landed somewhere in the middle.

OMG eyes a new all-time high after unveiling its 'Boba Network' layer-2 solution

Since hitting a bottom below $3 on July 20, OMG price has hiked 380% and now targets a new multi-year high. In September the frenzy that propelled the nonfungible token (NFT) sector quieted down but a burst of fresh energy emerged as the layer-two sector heated after the successful launch of Ethereum (ETH) scaling solutions like Arbitrum and Optimism. Another project that has benefited from the sector's transition to layer-1 and layer-2 alternatives is OMG Network (OMG), a non-custodial layer-two protocol that utilizes an optimistic rollup scaling solution to improve Ethereum scalability.

Bitcoin Price Analysis: BTC Retests Key Support for the 3rd Time – Bottom In?

BTC continues to consolidate with multiple retests of the critical $40.7k higher low.

Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress. "Don't fight the trend" is an old saying in the markets, and there are other variants of the phrase like "never catch a falling knife." The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money.It really doesn't matter whether one is trading soy futures, silver, stocks, or cryptocurrencies.

Top Trader Predicts Rallies in Avalanche and Two More Altcoins, Says Bottom Is In for Ethereum

A closely followed crypto trader is predicting a rally in smart contract platform Avalanche (AVAX) and two more altcoins, and also says that the bottom is in for Ethereum (ETH).

Bitcoin Price Analysis: China FUD Caused Heavy Liquidations, Is the Bottom In?

Just as Bitcoin rallied slightly above $45k on Friday, recycled news on China’s central bank vowing to ban crypto trading for Chinese citizens came out, liquidating more than $600 million of derivative positions at the time of writing.

Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23

Layer-two's surge to new heights, Bitcoin and DeFi EFT applications and Sushi's mistaken bug — all coming to you this week in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.In a week where DeFi’s parabolic growth continued, elsewhere, the United States Securities and Exchange Commission Chair Gary Gensler threatened to tackle stablecoins.What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the last week — released a whole lot quicker than Cardano’s smart contracts — subscribe at the bottom of this page.Layer two’s defining the futureThis week, analytical data revealed that DeFi continues to be one of the fastest-growing sectors of the crypto economy as evidenced by increases in the total value locked, or TVL, on protocols.

Top Analyst Outlines Targets for Ethereum and Two Additional Altcoins, Says Downside Limited Across Crypto Markets

A closely followed crypto strategist and trader is plotting the bottom targets for Ethereum (ETH) and two other altcoins as he believes the worst of the market pullback is over.

Bitcoin Price Analysis: After BTC’s Quick Dip Below $40k, Is Local Bottom Confirmed?

Global risk-off, uncertainty over Evergrande’s debt crisis, and large liquidations have been pressuring Bitcoin lately.

Dogecoin Under Avalanche Threat as DOGE on Verge of Top 10

right around the very bottom of the September 7 crypto market correction, a price level otherwise not seen since early August this year. ...

Bitcoin Price Analysis: After BTC’s 2-Day Surge, Is $42.8k Local Bottom Confirmed?

BTC managed to close back above the critical 200-day moving average, boosting near-term technical momentum, driven by strong spot buying.

Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price

However, some crucial Bitcoin price levels must be broken before the bullish party can start.

BTC price crash: Why did it happen? Join Sam Bankman-Fried live on 'The Market Report'

What caused Bitcoin's latest price crash? Theories are flying everywhere, but Cointelegraph's market experts have arrived to get to the bottom of it.

‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out

A classic dichotomy between hodlers and leveraged traders sets this week’s Bitcoin price dip apart from the coronavirus crash of March 2020. Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes.In a series of tweets on Wednesday, Willy Woo sought to get to the bottom of what made BTC/USD dive to lows of $42,800 on Tuesday.Woo: Bitcoin margin borrowers and open interest may be to blameWith rumors flying over who was behind Bitcoin’s major price dip, analysts have been crunching data in order to understand where the rout began.Analogies to the March 2020 crash, sparked by coronavirus measures, abound, but Tuesday’s event showed major differences, Woo said.“Leverage markets sold off but investor buying just got stronger,” he summarized.“BTC flash crashes are caused by deleveraging, the COVID crash was similar in that derivatives overreacted, but back then it was supported by investors.

Trader Who Called Bitcoin Bottom Predicts This Blazing Altcoin Will Overtake Binance Coin

Pseudonymous cryptocurrency trader Smart Contracter says one red-hot altcoin is poised to continue its meteoric ascent and become the fourth-largest crypto asset by market cap.

Cardano: Why it is hard to overlook these warning signs

Cardano has been unable to puncture through the $2.96 price ceiling but prices have respected an upwards sloping bottom trendline.

Bitcoin Price Analysis: BTC Reclaims Critical Level, Is $50k Retest Imminent?

BTC managed to find a local bottom at $46.3k, and printed an impressive daily candle close back above $48.1k, starting the weekend on a positive note.

Cardano: The ERC-20 Converter will go live on the testnet by...

Cardano's ADA has been trending upwards since the 20 July bottom, with the alt setting higher highs on the charts.

Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’

Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move.PlanB focuses on “key” remaining monthsWith BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about.

Top 5 cryptocurrencies to watch this week: BTC, ADA, AVAX, CAKE, ATOM

Bitcoin price continues to encounter resistance at the $50,000 level, but the rounding bottom pattern seen in most altcoins is a signal that traders intend to push prices higher. Bitcoin (BTC) is knocking at the doors of the key $50,000 level and most traders are still optimistic even after the digital asset rallied 70% from the July 20 low at $29,278 to an intraday high at $49,757.04 on Aug.

XRP price chart 'double bottom' puts next bullish target at $1

The classic "double bottom" pattern's success rate of hitting its profit target lies around 78.55%. Ripple's XRP token could hit $1 in the coming sessions per a classic technical chart setup.Dubbed as "double bottom," the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to or near the first bottom level, only to rebound again to the previous resistance line (also called neckline).Should the price close above the neckline, it anticipates an extended move upward, the length of which equals the total height between the neckline and the bottom level.

The Idea That The Bitcoin Bottom Is In Is Broadening

Calls for a trip back to $20,000 or even lower were in abundance after Bitcoin collapsed by 50% and sent the market into a bearish state.

Chief Market Strategist Watching Possible W-Bottom Formation In Ethereum

According to a chief market strategist, Ethereum could form a possible w-bottom, an indicator that usually suggests a bull market.

XRP price skyrockets by 17% as double bottom chart pattern takes shape

Ripple’s XRP token is in the middle of a bullish breakout, which could open the door to $1 next. XRP’s price swung higher on Wednesday as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines.Positive news boosts XRP’s priceThe Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market capitalization, reached its one-month high of $0.759 after rallying 17.73% intraday.

Popular Analyst Predicts Parabolic Second Phase of Bitcoin Bull Run, Says Bottom In for Ethereum

A prominent crypto strategist and trader predicts that Bitcoin is about to enter a parabolic second phase of the bull market and that something similar could be in store for Ethereum.

Bitcoin price hints at 'megaphone' bottom pattern, and a breakout toward $40K

The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias. Bitcoin's (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern.Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines.

3 reasons why traders think Bitcoin price bottomed at $29,500

Bitcoin’s bounce above $32,000 boosted the mood among traders who believe the bottom is in, but some analysts caution that heavy resistance blocks the road to new highs.

Is the Bitcoin Bottom In? Top Crypto Analyst Outlines Potential Path Ahead, Issues Weekly Close Warning

It’s crunch time for Bitcoin and the crypto markets, according to a popular analyst.

Bitcoin rebounds to $31.6K but warnings of another BTC price plunge are everywhere

Bitcoin is likely not out of the woods until a definitive bottom formation has been and gone, multiple commentators say. Bitcoin (BTC) continued its bounce from its 2021 opening price on July 21, hitting $31,600 in what some fear is just a temporary reprieve from downside.BTC/USD 1-hour candle chart (Bitstamp).

Here’s 2 ways clever pro traders spot crypto and stock price reversals

Many successful traders look for double bottom and W bottom reversal patterns on technical charts in order to spot powerful price reversals.

Crypto Cycle Calendar: Will Bitcoin Bottom Or Top This December 2021?

Markets are cyclical, and move in a variety of patterns that can often give insight into what phase of a market cycle an asset like Bitcoin might be in.

Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K

Traders appear to be sitting on their hands even as Bitcoin price drops closer to a critical support level at $32,000. Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range.BTC/USDT 4-hour chart.

Bottom Could Be In for These Five Low-Cap Altcoins, According to Analyst Michaël Van De Poppe

Prominent crypto strategist and trader Michaël van de Poppe says the bottom could be in for five low-cap altcoins.

Bitcoin metric sees 'hell of a bounce' in move which historically heralds BTC price bottom

The Puell Multiple bounces from its latest rare trip into the "buy" zone, and previously, BTC/USD has subsequently put in a macro bottom. A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain.In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple.Advancing Puell and hash rate "a good sign"A deceptively simple metric, Puell tracks miner behavior with a view to understanding Bitcoin market extremes.

Bitcoin Whale Movements Signal Crypto Market Bottom Is In, Says On-Chain Analyst Willy Woo

New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Will Woo.

Backwardation in Bitcoin futures contracts shows pro investors lack confidence

BTC traders are still searching for a bottom, but derivatives metrics show sentiment is negative and even the rally to $40,000 had little impact. Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of the current bear market, or that most traders are still underwater at $40,000.One of the best measures of optimism is the futures market premium, which measures the gap between longer-term contracts and the current spot market levels.

Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?

The ratio of Bitcoin price to hash rate presents bulls with a long wait, as hash rate is still migrating. Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October.In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip is not over.Bitcoin network hash rate 7-day average.

Building The Case For A Potential Bitcoin False Bottom

Bitcoin price action is fickle lately, moving mostly sideways with a number of unsuccessful breakout attempts.

Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average

The crypto market may be down from its all-time highs, but dollar-cost averaging is still the best way to build long-term profits. Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows.While the periods of low trading volume and whipsaw price movements may be the perfect conditions for whale-sized traders to play in, the average investor doesn’t stand a chance, especially with multimillion-dollar funds now beginning to get in on the action.Data shows that instead of day trading and attempting to time the market bottom, dollar-cost averaging (DCA) is the best method for retail investors looking to build long-term profits in both traditional and crypto markets.In 2020, Coin Metrics pointed out that investors who dollar-cost averaged into BTC starting from the December 2017 peak were still in profit three years later.

Indian Crypto exchanges: Getting to the bottom of 'the problem the industry is facing'

Indian crypto businesses have been struggling with unclear regulations and now, exchanges are seeking secure, viable, permanent payment solutions.

Bull Signal From Bitcoin Bottom Is Best Hope Yet For Continuation

Bitcoin price continues to struggle to regain any type of bullish momentum, and keeps grinding at repeatedly tested support.

Chainlink's surge depends on it making this move

The Chainlink market witnessed the formation of a double bottom in the charts, which could be a sign of a trend reversal making its way.

Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come

The Puell Multiple — and Bitcoin price — can still dip further before a rebound takes hold, cautions analyst Rekt Capital. Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection.BTC/USD 1-hour candle chart (Bitstamp).

Predicting The Bitcoin Bull Top And Bear Bottom With Ichimoku

The Bitcoin June candle close is ugly, and clearly shows indecision in the market.

How close is Bitcoin to its 'real bottom'?

Amid the short-term bearishness that Bitcoin is going through, its price registered a noteworthy 5.53% surge in the past 24-hours.

JP Morgan: Bitcoin Bottom Not In, Turnaround Not Happening Until Price Hits This Level

Global investment bank JP Morgan is not optimistic about the price of Bitcoin heading into July as the threat of sell pressure looms on the horizon.

Bitcoin’s Prevailing Sentiment Signaling Huge Breakout, According to Crypto Analyst Nicholas Merten

Popular crypto analyst Nicholas Merten has his eye on a key indicator that may be showing Bitcoin is hitting its bottom and preparing for a big breakout.

Guggenheim CIO Predicts ‘Real Bottom’ of Bitcoin, Warns BTC Price Could Fall to $15,000

The chief investment officer of asset management firm Guggenheim, Scott Minerd, thinks he knows where the real bottom of bitcoin’s price is.

Report: Bitcoin’s Bottom Is Very Close After Dipping to Sub $30K Levels

Stack Funds remains bullish on bitcoin, suggesting that its bottom is 'very close' following the massive drop to below $30,000.

Here’s How Low the Crypto Markets Could Drop, According to Analyst Justin Bennett

Crypto analyst Justin Bennett weighs in on where the overall crypto markets could finally find a bottom amid ongoing bearish price action.

Bitcoin price 'very near bottom' with $30K dip, says bullish institutional report

Stack funds draws attention to this week's $2.3 billion Bitcoin options expiry, with a potential change in sentiment coming thereafter. Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes.In its latest report issued on June 23, analyst Lennard Neo said that despite the price meltdown, there was no reason to flip bearish in BTC.Stack: BTC macro view "remains the same"The report came the day after BTC/USD plummeted below $30,000 for the first time in six months, only to rebound to current levels above $34,000.Volatility came thanks to a mining shake-up which, it now appears, will see hashing power transfer en masse from China to other countries.“Bitcoin, too, closed lower, diving down 28% after failing to break $42,000 late last week.

Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom

Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle. While Bitcoin has been under increasing pressure from multiple sources since early May, the most recent bout of selling has been largely attributed to capitulation by China-based miners who have been forced to abruptly shut down their operations.

After Predicting Bitcoin Collapse to $23,000, Macro Strategist at Fidelity Abruptly Changes Crypto Outlook

Global macro strategist at Fidelity Investments, Jurrien Timmer, is updating his outlook on Bitcoin’s trajectory after previously calling for a $23,000 bottom.

Fidelity Executive Believes Bitcoin’s Price ‘Bottom Is in’ After Last Month’s Market Carnage

On Monday, Jurrien Timmer, director of global macro at Fidelity and co-manager of the Fidelity Global Strategies Fund, told his 56,000 Twitter followers his perspective on the current bitcoin prices.

Bitcoin price bottom is in, says Fidelity exec as crypto market exits 'extreme fear'

Macro comparisons suggest that there's no more room for dips on BTC/USD, suggests Jurrien Timmer. Bitcoin (BTC) has already hit its price bottom, one of the industry's top executives believes as BTC price action stays above $40,000.In a tweet on June 14, Jurrien Timmer, director of global macro at US multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.Bitcoin bulls increase confidenceBTC/USD maintained higher levels overnight on Monday after surging through $40,000 resistance.

Trader Who Nailed Bitcoin Top Twice Says This Is Where BTC Will Bottom Out

A crypto trader and analyst who twice correctly pinpointed a pair of local Bitcoin tops, is now attempting to spot the Bitcoin bottom as well.

Bitcoin Price Analysis: First Signs That BTC Found a Local Bottom Yesterday

Bitcoin is up by 12% from yesterday’s low of $31,000, according to Bitstamp, and is currently battling to climb above a descending trend line that spans the first week of June.

Binance Coin, Dogecoin, Tron Price Analysis: 08 June

Binance Coin's ascending triangle was negated once the price breached past the bottom trendline of the pattern.

Bear Market Bottom Fractal Says Bitcoin Could Soon Bump And Run

No clear signal for Bitcoin’s price, except for uncertainty.

Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop

Falling Ethereum gas fees, the launch of Convex Finance and the DeFi sector reaching a potential bottom back CRV’s impressive 150% rally since May 23.

Fidelity Executive Issues Bitcoin Correction Warning – Here’s How Low BTC Could Drop

The global macro director at financial giant Fidelity, Jurrien Timmer, says he’s noticing a pattern that suggests Bitcoin’s price has not yet hit a bottom.

Bitcoin nears $40K amid warning BTC price will correct before bull market resumes

Another price dip is required before continuation, one trader says, giving a short-term target of $36,000 for BTC/USD. BItcoin (BTC) edged closer to $40,000 on June 3 as bulls gathered increasing signals that the bottom is in.BTC/USD 1-hour candle chart (Bitstamp).

Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom'

Bitcoin bulls fell short of flipping the $38,000 level to support, and one analyst said on-chain data signals that BTC could see “a smaller drawdown.” The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2.

Bulls Beware: Bears Have Only Now Taken Control Over Bitcoin

Debate surrounding if the Bitcoin bull market is over due to the recent correction is at a full boil, while many are already searching for a bottom of the current downtrend.

Five Signs That The Bitcoin Bottom Is In

Bitcoin price was slashed in half during the month of May, leaving today as the last day for bulls to make a stand and undo the worst monthly on record.

Historically accurate Bitcoin metric suggests BTC price has bottomed out

Bitcoin bulls may get some respite from a derivatives market indicator that hints at a price bottom. As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical lows following its bear cycles.

Building The Case That The Bitcoin Bottom Is In

Bitcoin price is back at $37,000, recovering from a frightening plunge to as low as $30,000.

Bitcoin Price Analysis: After Gaining 18% Since Yesterday’s Low, Is BTC Bottom In?

Bitcoin is up by an impressive 18% since yesterday’s low at $31,100.

4 Signals That the Bitcoin Crash Might Soon Reach a Local Bottom

Negative sentiment in the cryptocurrency market is hitting lows across the board.

Bitcoin Cash, Litecoin, Cardano: Analyst says 'bottom is in for' one of these alts

The cryptocurrency market has seen a lot of bear and bull actions in the past couple of months.

Bitcoin price could hit $29K next, warns CNBC 'Chartmaster'

A simple look back at past BTC price dips means that a 55% correction from all-time highs is on the table, says Carter Worth. Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC's "Chartmaster."In an appearance on the network's "Fast Money" segment on May 17, Carter Worth, Chief Market Technician at Cornerstone Macro, warned that the BTC bottom may be far from in.Pick your average for a Bitcoin price floorAnalyzing recent price activity and comparing it to Bitcoin bottoms past, Worth said that current levels at around $45,000 represent the top of a support zone."Were we to go down 55%, we'd be in the lower end of support," he summarized."I think we're in support — it's fighting, but my hunch is it goes lower."A 55% drop from current all-time highs would mean BTC/USD bottoms out at just above $29,000.

TA: Bitcoin Aims Strong Recovery, Here’s A Key Pattern For Short-term Bottom

Bitcoin price is likely forming a double bottom pattern near the $42,150 zone against the US Dollar.

Bitcoin Could Drop Further As Market Remains Antsy, Says Crypto Analyst

Bitcoin could be on its way lower before finding a bottom, according to an up-and-coming on-chain crypto analyst.

Double Bottom On The Dollar Could Be The End Of Bitcoin Rally

Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could soon feel the surprising sting […]

Prominent Analyst Predicts Parabolic Rally for ‘Criminally Cheap’ Altcoin, Says Bottom In for Bitcoin

The closely-followed crypto trader known as Smart Contracter is predicting a mega rally in an emerging altcoin just as Bitcoin is bottoming out.

Anthony Pompliano Says Bitcoin Approaching Bottom As On-Chain Metrics Flash Bullish Signals

Bitcoin bull and Morgan Creek Digital co-founder Anthony Pompliano says on-chain metrics are indicating that the Bitcoin correction that drove the leading cryptocurrency from its all-time high of $64,863 to below $50,000 is nearing its conclusion.

Analyst enters $32.5K Bitcoin buy order as hodlers bet on $46K BTC price bottom

Peter Brandt is bracing for bigger price drops as technical indicators suggest bulls will yet be spared an apocalyptic crash. Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on April 23. BTC/USD hit lows not seen since early March on Friday, as analysts line up their prognoses — and buy orders — in the latest Bitcoin price correction. Brandt plans to buy Bitcoin at $32,501 BTC pullbacks tend to frighten new investors, while old hands seem to battle each other for who can put on the coolest persona as the numbers fall. As the largest cryptocurrency fell through $53,000 and then $50,000, however, signs of bearishness for the short term began to surface. For veteran trader Peter Brandt, well known for calling various BTC price phenomena in recent years, there was still much more room left to buy the dip.

Closely-Followed Analyst Says He’s Accumulating This Brand New Crypto Asset

A crypto strategist who accurately called the Bitcoin bear market bottom in 2018 says that he’s quietly building positions in a new exchange token.

Bitcoin can hit $92K in April and still not match bull run RSI peaks: Analyst

More proof that Bitcoin is far from the most vertical stage of its bull run comes from PlanB and the relative strength index. Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching its past performance, new data claims. In a tweet on Wednesday, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it. PlanB focused on Bitcoin’s relative strength index (RSI), a classic metric used to chart the progress of price runs in particular.  RSI can give a useful insight into whether Bitcoin is overbought at a certain point in its bull run, while the opposite — oversold — is also true.  As Cointelegraph reported, PlanB has highlighted the metric’s cues for hodlers throughout the past year, including during the Spring bear market bottom and in August, when sentiment was gearing up for the bull run that continues to this day. Currently, RSI measures 92/100.

Investor Says Bitcoin Bull Run Is Not Just Getting Started, Run-up Is in the ‘Top of the 7th Inning’

While bitcoin’s price has been consolidating for quite some time now, every now and then bulls have tried to press the price past the psychological all-time high captured in March.

Fidelity’s Tom Jessop says crypto has hit a ‘tipping point’

Rock bottom interest rates and fiscal stimulus has driven momentum in the crypto sector the Fidelity executive said. Executives at investment giant Fidelity are confident that cryptocurrency market momentum will continue for the foreseeable future. Speaking to MarketWatch on April 8, Tom Jessop who heads the investment firm’s crypto division said that he believes crypto has opened a new chapter in traditional finance circles and things have reached a tipping point for the industry. Jessop stated that the maturation and adoption of crypto assets as an investment class will continue at a rapid pace in the coming years.

Powerful Bottom Signal Spotted In XRP, But There’s A Catch

XRP price is back trading at right around a dollar per token, but according to a rare bottoming pattern spotted by a legendary technical trader on the Bitcoin trading pair, the surge is only just getting started.

Career Commodities Trader Warns Bitcoin Community Over Coinbase Concerns

Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time.

Bitcoin Retail Investors Confident About $50,000-Price Bottom

Bitcoin fell from about $60,000 to nearly $50,000 this week, but it has not deviated retail interest, according to Robbie Liu of OKEx.

Now Or Never: Litecoin Plummets To Bottom Of Top Ten Crypto Assets

Litecoin is often called the silver to Bitcoin as digital gold, and strangely, the two cryptocurrencies and two precious metals are exhibiting the same behavior where one is lagging behind the other.

Bitcoin Price Analysis: Did BTC Find a Bottom at $53K?

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level.

BTC’s ‘Hands of Steel’- 37% of Bitcoin’s Supply Hasn’t Moved Since 2017, 55% Sat Idle After 2018’s Bottom

Just recently, the onchain data and research company Glassnode published a report that introduces variations of Bitcoin’s Spent Output Profit Ratio (SOPR) and Market Value to Realized Value (MVRV) Ratio.

Ethereum vs. Bitcoin: Did ETH/BTC just bottom as Ether eyes $2K?

The ETH/BTC pair is showing signs of bottoming but further consolidation should not be ruled out.

Bitcoin Bottom Hit or More Pain Incoming? Top Crypto Analyst Traces BTC Path Through March

Top trader and crypto strategist Michaël van de Poppe is mapping out the key levels to watch for Bitcoin this month.

Top Trader Says Bitcoin Bottom Is In, Plots New BTC All-Time High in March

A closely-followed crypto strategist whose credibility in the crypto space rose after nailing Bitcoin’s collapse in March 2020 says he expects BTC to bottom out and print a new all-time high in the coming weeks.

Coinbase Whale Accumulation Could Prevent Bitcoin Dropping Below $44K

Bitcoin prices have recovered somewhat since yesterday’s flash crash drove them into the ground temporarily, but metrics from Coinbase suggest there could be a $44k bottom due to whale accumulation.

Crypto Analyst Who Called Bitcoin’s Bear Market Bottom Issues Altcoin Warning

The crypto strategist and trader who grew his following after accurately nailing Bitcoin’s 2018 bear market bottom is issuing a warning to altcoin investors.