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    Tag: price

    crypto 4 24 2022 LearnCrypto Powered By Wyckoff SMI 2023

    But Exchanges, What Low Volumes You Have!

    Even though bitcoin’s price is range-bound and crypto exchange volumes are at yearly lows, there is no reason to worry … yet. Bitcoin (BTC) put…

    Karrie Butterfield April 24, 2022
    Bitcoin 9 8 2020 1 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin and Altcoins Struggle To Hold Important Supports

    Bitcoin price started a downside correction below the USD 13,500 support zone. BTC is down over USD 800 from the recent high and it is…

    Karrie Butterfield October 29, 2020
    0 Comments
    Bitcoin 12 13 2018 LearnCrypto Powered By Wyckoff SMI 2023

    BTC Price Analysis: Is Bitcoin Ready To Break $11,000 As Crypto Market Cap Reclaims $350B?

    Bitcoin price has finally broken bullish out of a 3-day channel (orange) and making good progress towards the psychological $11,000 level above. The return of $9…

    Karrie Butterfield September 28, 2020
    0 Comments
    Bitcoin 9 24 2020 LearnCrypto Powered By Wyckoff SMI 2023

    BITCOIN 2020 so far: How has Bitcoin’s price fared?

    Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good…

    Karrie Butterfield September 24, 2020
    0 Comments
    Bitcoin 9 3 2020 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin Price Prediction – Bitcoin Falls Under $11,000! How Low Will The BTC Price Drop?

    The Bitcoin price reached the $12,000 mark once again, but wasn’t able to break it. It is now undergoing a heavy correction as predicted in…

    Karrie Butterfield September 3, 2020
    0 Comments
    Bitcoin 8 18 2020 2 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin Holding Sentiment Strongest in Nearly Two Years

    Bitcoin exchange reserves have fallen to a 21-month low, a possible sign investors are feeling bullish about the shape of the market. Glassnode data shows…

    Karrie Butterfield August 18, 2020
    0 Comments
    Crypto Butterfield 5 8 2020 LearnCrypto Powered By Wyckoff SMI 2023

    Crypto Analyst Highlights Last Ever Bitcoin Dip Using Elliott Wave Theory

    Bitcoin Price is trading just below the key level of $10,000, and a decisive break of resistance could kickstart the next crypto bull market. Any…

    Karrie Butterfield May 8, 2020
    0 Comments
    Bitcoin 4 20 2020 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin Price Dragged Below $7,000 By Return to Market Chaos

    Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend. However, coronavirus…

    Karrie Butterfield April 20, 2020
    0 Comments
    Bitcoin 9 26 2019 LearnCrypto Powered By Wyckoff SMI 2023

    Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

    Bitcoin bears continue to be firmly in control as the first cryptocurrency’s price tumbled below $8,000 per coin for the second time this week. Beginning at 15:50…

    Karrie Butterfield September 26, 2019
    0 Comments
    Bitcoin 7 7 2019 LearnCrypto Powered By Wyckoff SMI 2023

    Analyst: Bitcoin (BTC) Needs to Break $11,600 to Skirt Consolidation

    Even since Bitcoin (BTC) hit $13,800 to then retrace by $4,000, the cryptocurrency market has slowed. Don’t get me wrong, volatility is still rife in this market,…

    Karrie Butterfield July 7, 2019
    0 Comments
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    Analyst: Bitcoin (BTC) Needs to Break $11,600 to Skirt Consolidation

    Forum Description

    Even since Bitcoin (BTC) hit $13,800 to then retrace by $4,000, the cryptocurrency market has slowed. Don’t get me wrong, volatility is still rife in this market, but BTC’s range is starting to tighten. As of the time of writing this, Bitcoin sits at $11,200, down around 2% in the past 24 hours — a far cry from the 10% to 20% days seen last week.
    Related Reading: Bitcoin Fun Fact: Tony Hawk Has Been HODLing Since Sub-$1,000 BTC
    With this extended bout of slower price action, analysts have been wondering what comes next for the cryptocurrency. A prominent trader recently provided an answer, issuing a simple analysis to explain what comes next for Bitcoin and its ilk.

    What’s Next for Bitcoin? 

    In a recent tweet, Dave the Wave, a popular analyst, claimed that Bitcoin is about to see somewhat of an ultimatum.

    He remarked that per his logarithmic chart and parabolic and simple trend lines, BTC needs to soon break past around $11,600 on the daily to “resume its parabolic rise.” Such a move would mark the cryptocurrency breaking past a declining trend line that has acted as resistance since last week’s blow-off top. Should the parabolic rise continue, Bitcoin could hit $14,000 by the middle of July, which is just over a mere week away.
    View image on Twitter
    View image on Twitter
    dave the wave@davthewave

    BTC needs to break out here if its to resume its parabolic rise... otherwise some healthy consolidation....

    55
    7:44 PM - Jul 6, 2019

    If this doesn’t soon occur, Dave suggests that Bitcoin will enter a period of consolidation, a period that will be defined by a parabolic trend. According to a chart published by him, such consolidation may see the cryptocurrency range between $8,000 and $11,000, which some would define as healthy price action.

    And according to another analyst, Teddy Cleps, the latter, more bearish scenario has a high likelihood of playing out.
    Related Reading: Bitcoin Still in Bull Market Territory as Gold Plummets; Will Growing Economic Stability Slow BTC?
    Taking the price from an objective standpoint, only considering technicals, Teddy recently remarked that the $14,000 range has acted as “strong AF resistance” in 2017 and 2018. He adds that every time Bitcoin tried to break past it in early-2018, what followed was a heavy break down, during which BTC often lost dozens of percent and thousands of dollars in the days that followed.
    View image on Twitter
    View image on Twitter
    TEDDY 🌐@teddycleps

    #bitcoin - $BTC *looking at this purely based on TA - fundamentals aside ☝🏻 (2017) Level A rejected price for 8 weeks = strong af resistance (2018) Level B rejected price for +200 days, every test was followed by strong fall (2019) Level A has been rejecting price for 3 weeks

    67
    4:08 AM - Jul 7, 2019
    Teddy concludes that unless Bitcoin manages to break through $11,700 convincingly, a return to $6,000 is entirely possible. This pseudo-call is somewhat similar to Dave’s analysis.
    Featured Image from Shutterstock
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