Bitcoin
Strong Bitcoin Volumes Bode Well for Price Breakout
Bitcoin’s current period of price consolidation may end with a bull breakout, price-volume analysis indicates.
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Bitcoin’s current period of price consolidation may end with a bull breakout, price-volume analysis indicates.
Bitcoin is trapped in a key trading range for the 13th week, with a break above the upper edge needed to confirm a longer-term bull reversal.
A few well-known cryptocurrencies are currently trading above their 200-day moving averages, which is widely considered to be a sign of a healthy market, yet the long lime market leader bitcoin is not.
A widely-followed bitcoin price indicator is about to turn bullish for the first time in seven months.
Bitcoin needs to print a higher high above $4,236 to confirm a long-term bullish reversal, technical charts suggest.
Bitcoin’s repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls.
Bitcoin still needs to beat several key resistance levels to confirm a longer-term bull reversal.
The price trend of Binance Coin is significantly deviating from that of bitcoin and other well known cryptos as it continues to see rapid gains.
With bitcoin’s quick reversal of the losses seen on Monday, the technical charts are again pointing to a rally to $4,000.
Bitcoin has returned above crucial support at $3,700 and could bounce higher if it can defend that level going forward.