BTC price loses $42K after fresh rejection puts focus on ‘worst case’ Bitcoin monthly close
It’s all to play for as Bitcoin price action lingers above $40,000, but predictions are already in of a dip even lower. Go to Source Powered by WPeMatico
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It’s all to play for as Bitcoin price action lingers above $40,000, but predictions are already in of a dip even lower. Go to Source Powered by WPeMatico
The illiquid supply floor demands the preservation of levels not far below $40,000 as supply drops and demand surges across the board. Go to Source Powered by WPeMatico
Spent output profit ratio is heavily hinting that hodlers should buy the dip on BTC, analysts say. Go to Source Powered by WPeMatico
Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. Go to Source Powered by WPeMatico
Forecasts for the short term include a deeper dive towards $40,000 but also an imminent surge back above the $50,000 mark. Go to Source Powered by WPeMatico
“Watch carefully, maybe take some profits or hedge a bit,” advises John Bollinger. Go to Source Powered by WPeMatico
Weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory. Go to Source Powered by WPeMatico
The “Bitcoin Bubble Index” is heavily hinting that another BTC price local peak will come this year. Go to Source Powered by WPeMatico
A curious pattern emerges as Bitcoin stays stuck in its defined trading range between $30,000 and $40,000. Go to Source Powered by WPeMatico
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000. Go to Source Powered by WPeMatico