Conditions are conspiring to deliver fresh strength across altcoins, which suffered unduly as Bitcoin briefly hit levels below $30,000, a trader predicts. Bitcoin (BTC) headed toward a key Wyckoff level on Tuesday as BTC price action got traders excited about an altcoin surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff in focus below $36,000 Data from … [Read more...] about Bitcoin targets $36K key Wyckoff level, with altcoins set to ‘grind up heavier’
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Bloomberg report calls Bitcoin ‘refreshed and discounted’ as BTC price bounces at $36K
Bitcoin (BTC) bounced off a predicted floor on Friday as the dust settled on the latest market collision with Elon Musk.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoiners poke fun at Musk’s “break-up”Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as the pair recovered to levels nearer $37,000 on Friday.Previous strength this week, which … [Read more...] about Bloomberg report calls Bitcoin ‘refreshed and discounted’ as BTC price bounces at $36K
Bitcoin drops below $36K as century-old financial model predicts big BTC crash
Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions.Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that majorly involve investors' psychological … [Read more...] about Bitcoin drops below $36K as century-old financial model predicts big BTC crash
Bitcoin tumbles to $36K as Ark’s Cathie Wood addresses BTC regulatory fears
Bitcoin’s (BTC) quick run-up above $40,000 during the early New York trading session Thursday lost momentum midway as traders decided to secure short-term profits.The benchmark cryptocurrency shed up to 12.08% after topping out at $40,440 on Coinbase. It reached an intraday low of $36,410 ahead of the London opening bell on Friday, showcasing upside resilience among traders … [Read more...] about Bitcoin tumbles to $36K as Ark’s Cathie Wood addresses BTC regulatory fears