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“# ‘Negative’ Bitcoin daily chart means bulls must defend $29K — Peter Brandt ” Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned…
“# Elon Musk’s latest attempt to pump Dogecoin fails miserably ” Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Elon Musk on Twitter this Thursday morning. The billionaire entrepreneur published a tweet at around 0843 UTC—a Godfather meme that showed Marlon Brando’s iconic character, Don Vito Corleone, with a text…
“# Bitcoin posts third monthly red candle with Stock-to-Flow price model echoing early 2019 ” Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from…
“# Bitcoin bulls must now defend $33K support after 5% daily loss ” Bitcoin (BTC) faced fresh losses on July 1 as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No price breakout for Bitcoin Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline…
“# Here’s why pro traders expect further downside from Ethereum price ” Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected…
“# 3 key areas traders are watching as Bitcoin’s monthly close occurs ” Bitcoin’s (BTC) whipsaw volatility has been on full display throughout June, leaving traders confused and in search of the latest technical indicator or major news announcement that might provide some hint at which way the price will move. As the month of June comes…
“# Price analysis 6/30: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin price staged a mild resurgence at the start of this week but data from Glassnode suggests that its new BTC investors who came late to the party and are dumping their positions in a panic. This transfer of crypto assets…
“# Gold outshines Bitcoin in Q2 even after posting its worst month since 2016 ” Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021. An ounce of gold has surged from $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over…
“# Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June ” Bitcoin (BTC) is printing a new price indicator this month — and it may not involve anything more than the day of the week. In its latest Telegram market update on June 30, crypto trading firm QCP Capital revealed its “Turnaround…
“# Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come ” 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). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day…