Bullish

Crypto Market Prints Bullish Divergence: Case for Bounce Growing

Since plunging all the way to $7,700 last week, Bitcoin has found itself in a lull. The price of the crypto asset, as seen below, has been extremely mild over the past few days. The one-day Bitcoin volatility index on BitMEX, in fact, is starting to “get closer to [the move which precedes] big candle […]

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Bitcoin Has Officially Entered A New Bullish Phase Says Analyst PlanB

Twitter user PlanB, who is known for his Bitcoin statistical model based on the stock-to-flow ratio, said that we’re now entering a new phase, citing his fractal dimension indicator. The chances are that we’ll see a strong bullish rally in 6 to 12 months, which coincides with the next halving. Bitcoin and Stock-to-Flow Recently, we […]

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Bitcoin Incurs Bullish Momentum as Analysts Set Short-Term Target at $9,000

Bitcoin has been able to extend the upwards momentum that it has incurred over the past day, which has allowed it to gain what appears to be a solid foothold within the mid-$8,000 region. This foothold may allow bulls to begin pushing the cryptocurrency higher, although it is important to note that BTC is still […]

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Bitcoin Forms Bullish Tweezer Bottom; Analyst Anticipates Swift Relief Rally

After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC. Importantly, this price action also allowed the cryptocurrency to […]

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Is Venezuela’s Bitcoin Stash Really So Bullish for BTC?

Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank. Naturally, many commentators have celebrated […]

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Bitcoin [BTC]: Buy the Dip or has the Bullish Market Ended? Analysts Weigh-in

The selling pressure by Bitcoin [BTC] bears seems to have slowed down for a moment. The price is holding on above the 200-Day Moving average around $8340. However, analysts still predict violent moves in Bitcoin on either side. BTC/USD 1-Day chart on Bitstamp (TradingView) The bearish candlestick recorded on 24th September recorded a drop of […]

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Bitcoin (BTC) Metrics Pointing to Bullish Returns

Many analysts over the years have said that bitcoin is a speculative bubble, comparing it to tulips or beanie babies. However, BTC is still here and doesn’t look to be going anywhere. Here are a few reasons why bitcoin was and continues to be, a solid investment. The Bitcoin “Bubble” refuses to Pop Bitcoin, since […]

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Ethereum’s price embraces bullish recovery, but another bearish slump is imminent

Ethereum’s price supported by strong market fundamentals was flying high on the charts, at press time. After rallying past a lackluster period of price activity, the second-largest digital asset was up by almost 6 percent over the last 24 hours. Breaching major resistance at $197.38, the valuation crossed the $200 mark for the first time […]

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Ethereum Price Weekly Forecast: ETH Signaling Bullish Reversal

ETH price is finding a strong buying interest near the $165 level against the US Dollar. The price is currently climbing higher and testing a major resistance area near $180 and $182. There was a break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD (data feed via […]

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Latest Bitcoin Futures Market Data Signals Bullish Price Action

As bitcoin price remains in its range-bound channel, other indicators are slowly turning bullish for the king of crypto. BTC has held on to five figures as we begin the weekend and bigger things could be in store as open interest mounts up. Binance and BitMEX Building Up Bitcoin Looking at on-chain flows for the […]

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Bitcoin Price Now Eyes $11K as Historical Data Metric Flips Bullish

Bitcoin price managing to retain higher ground as altcoins’ troubles grind deeper. Bitcoin (BTC) price was targeting $10,500 on Sept. 3 as the latest renaissance for the largest cryptocurrency saw it deliver surprise gains.  Market visualization. Source: Coin360 Bitcoin price reverses losses to challenge $10.5K Data from Coin360 tracked BTC/USD as it rose 6.2% in […]

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Bitcoin Price (BTC) Signaling Bullish Reversal: Can Bulls Break $10.5K?

Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar. The price is currently consolidating below the next key resistance at $10,500-$10,525. This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price […]

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Bitcoin Reclaims $10K After First Bullish Divergence on 4-Hour OBV since $3.3K

Bitcoin’s price has risen above $10,000 for the first time in nearly a week as Tether releases $7 million in USDT from its wallet and a bullish divergence appears on the 4-hour chart. Bitcoin Price Up By 5% Bitcoin has gained more than 5% in a few hours on Monday (September 2, 2019). This surge […]

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Bitcoin Bullish Bias Intact despite $950 Drop – Here’s Why

Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks. The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which […]

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Would bullish divergence keep Bitcoin price above $10000?

Another week comes to pass as Bitcoin price hovers at the ten thousand dollars ($10,000) mark and past twenty-four hours (24hrs) have been no different than the price action across the week. Bitcoin (BTC) price plunged down to the low point of nine thousand seven hundred and sixty-eight dollars ($9768.06) mark at one point while […]

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Bitcoin Price Analysis: Higher Lows Test Bullish Resolve

Summary: After a very strong round of selling that dropped the price almost $2,000 in just a couple of days, the market managed to find support at an important macro level. The support rally marked a third, higher high for our current market and it rallied on very high volume and spread. The market is […]

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Argentine Peso Tanks Hard, Could it be Bullish for Bitcoin?

Bitcoin, the world’s number one cryptocurrency by market capitalisation, has been championed by many as a suitable hedge against the often-reckless and self-serving economic policies of governments. This includes episodes of currency devaluation caused by the very threat of such policies. Such is happening right now in Argentina. Today, the national currency, the peso, has […]

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Bitcoin Price Analysis: $12.4K in Sight as Bullish Pennant Forms

Bitcoin sentiment is still very much bullish as price levels increase $2,000 since the beginning of August. On the charts we can now see a bullish pennant has formed which could be foreshadowing an imminent breakout to the next resistance above at $12,400. Bitcoin Price 1-Hour Analysis On the 1 hour chart for XBT/USD we […]

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Binance Coin Price Analysis: Bullish Reversal On The Cards

Binance Coin has dropped to the bottom of a clear falling wedge pattern after crashing 20% against BTC pairing over the last 2 weeks. A short-term reversal could be on the cards if this particular formation plays out. Binance Coin Daily Analysis On the daily chart for BNB/BTC, we can see the wedge pattern forming […]

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Bitcoin Price (BTC/USD) Signaling Bullish Acceleration Above $10,500

Bitcoin price traded higher and broke the key $10,200 resistance area against the US Dollar. The price is placed nicely above the $10,200 level and it recently tested the $10,500 area. There is a major bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

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Bitcoin Price Rejected From $10K, Or the Start of a Bullish Reversal?

This morning, July 31, 2019 Bitcoin price soared from lows around $9,500 to a local high of $10K before the leading crypto asset by market cap took a short pause. Bears have been in control ever since Bitcoin price was rejected from $13,800, and has struggled to maintain the bullish momentum it has had behind […]

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Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

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Bitcoin Faces Weak Technicals, But Bank of China’s Interest in BTC May Be Bullish

Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin. […]

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