The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceThe question of expansion after an accumulation phase could be something traders want to consider
After trading within a range from $18.6k to $24.5k since mid-June, Bitcoin finally broke out beneath the range. In doing so, it formed a bearish pennant pattern. The flagpole was highlighted in orange while the pennant was highlighted in blue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing the odds of Bitcoin [BTC] looming below $12,000Bitcoin’s bottom might be far from close as dwindling volume suggests further loss of support There is potential for further volume decline as holdings continued to exit the custody of exchanges Bitcoin’s [BTC] chances of remaining in “green control” could be at the risk of a drawdown since the king coin lost the $19,500-support. This […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Here’s how Bitcoin [BTC] is REALLY doing after the FTX episodeBitcoin’s social dominance was affected by CEX tokens A decline in dominance could impact BTC prices negatively Miners continue to face pressure, however, whales still support BTC According to Santiment, all the focus around centralized exchanges has taken the crypto-community’s attention away from Bitcoin [BTC]. Historically, a decline in social dominance is always met with a […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Assessing what’s in store for BTC short-term holdersBitcoin’s social activity continues to climb. However, this should not be taken as a bullish sign as the outlook remains predominantly bearish Data from the cryptocurrency social analytics platform LunarCrush revealed a surge in Bitcoin’s [BTC] social activity following the collapse of cryptocurrency exchange FTX. We are noticing increased Bitcoin social activity following the collapse […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
BTC enters another phase of low volatility; here’s what investors should expectBitcoin’s price action may be headed for another period of inactivity. Why Bitcoin demand has failed to manifest strongly despite the discounted price. Not so long ago (September), Bitcoin went through a period of low volatility. This stage was characterized by low demand and limited directional price movement. Its performance after last week’s crash suggests […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
AAVE investors should be cautious about this patterned breakoutDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice AAVE chalked up a bearish pennant chart pattern AAVE holders still suffering losses since the market crash After Bitcoin [BTC] flipped resistance at $16.5K into support, AAVE also converted $58.1 into support in the […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Algorand sees some short-term volatility as the bulls force a minor victoryDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Algorand fell beneath the lows of a range from May, but the bulls were quick to recover The next few days could be green for Algorand Bitcoin [BTC] was in a phase of lowered volatility […]
Source: CryptoAmb - 🏆 22. / 68 Read more »