A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin.The cryptocurrency's 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover.Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature image … [Read more...] about Technical Indicator Points to Bitcoin Price Bounce
Bounce
Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce
Bitcoin (BTC) was declining toward the $44,000-$45,000 support zone at the time of writing and is roughly flat over the past 24 hours. Indicators suggest a possible price bounce, albeit limited toward the $55,000 resistance level.BTC has been stuck in a month-long trading range after a near 20% crash in early December discouraged some buyers. Since then, the relative strength … [Read more...] about Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce
Bitcoin bounce signals the end to the least severe correction of 2021
After hitting a new all-time high of $69,000 on November 10, Bitcoin has been caught in a downtrend. Friday’s 9% swing to the downside sent jitters across the market, but strong support at the $53,800 level proved fortunate for bulls.Since then, two further retests at $53,800 have also held firm. Crypto YouTuber Lark Davies observed that the latest bounce keeps alive a … [Read more...] about Bitcoin bounce signals the end to the least severe correction of 2021
Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Ethereum’s native token, Ether (ETH), could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers.The rising trendline has been triggering ETH’s price rebounds since the beginning of October and comes as a part of a broader ascending channel range.ETH/USD 4-hour price chart featuring the ascending … [Read more...] about Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price 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 … [Read more...] about Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom