Bitcoin Rejecting from Resistance
Bitcoin is currently rejecting from an important area of resistance, which could potentially be repeating history. This resistance is located at around the 28,500 mark, and it is a key level that Bitcoin has been struggling to break above since the beginning of the year. If Bitcoin is able to break above this level, it could potentially signal the start of a new bull run, as this level has been a major hurdle for Bitcoin in the past. However, if Bitcoin fails to break above this level, it could signal a potential reversal in the near term.
RSI Overheated
The daily Bitcoin RSI has recently gotten very close to overbought territories, which suggests that the market is overheated in the short term. This means that the price of Bitcoin has gone too far to the upside too quickly, and it needs some time to cool off in order to reset the RSI back to the downside. This cooling off period can take the form of either choppy sideways price action, or a slight pullback or consolidation.
MACD Still Bullish
Despite the recent cooling off period, the daily Bitcoin MACD is still looking more bullish than bearish. The MACD itself is trading to the upside, and the histogram is still sitting in the green. This suggests that the market is still in a bullish trend, and that any pullbacks or consolidations should be viewed as buying opportunities. However, it is important to keep an eye on the RSI, as it could signal a potential reversal if it moves back into overbought territories.
Crypto History Repeating
Cryptocurrency markets have seen their fair share of volatility, and the recent price action in Bitcoin and Ethereum is no exception. While the market has been relatively quiet in recent weeks, it is important to remember that crypto history has a tendency to repeat itself. As such, it is important to be prepared for any potential moves that may occur in the near future.
Bitcoin News Today
The current state of the Bitcoin market is one of relative stability, with the price of the asset hovering around the $9,000 mark. However, technical indicators suggest that a move to the upside may be in the cards. For instance, the daily Relative Strength Index (RSI) is trending higher, indicating that a bullish divergence is forming. This suggests that a move to the upside may be imminent, though it is important to note that any such move would likely be choppy and lack momentum.
Ethereum Price Prediction
Ethereum has also been relatively stable in recent weeks, with the price of the asset hovering around the $200 mark. However, technical indicators suggest that a move to the upside may be in the cards. For instance, the daily RSI is trending higher, indicating that a bullish divergence is forming. This suggests that a move to the upside may be imminent, though it is important to note that any such move would likely be choppy and lack momentum.
Prepare Now
Given the potential for a move to the upside in both Bitcoin and Ethereum, it is important to be prepared for any potential moves that may occur in the near future. As such, traders should ensure that they have adequate risk management strategies in place and that they are aware of the potential risks associated with trading cryptocurrencies. Additionally, traders should keep an eye on the market and be prepared to act quickly if any significant moves occur.
2k to 29.7k.
Crypto History Repeating
Cryptocurrency markets have been known to repeat themselves, and the current market conditions are no exception. In the past few days, there has been a short-term cool-off due to the fact that the Relative Strength Index (RSI) was very close to overbought territories. This is still playing out within the current bullish trend, and another factor that has contributed to the recent pullback in the price of Bitcoin is the fact that it has been running into a significant area of resistance.
The Volume Profile Indicator on the daily time frame is showing a lot of resistance between the range of 27.9k to 28.2k. This area has also been a point of resistance in August and May, as seen in the price of Bitcoin. This suggests that there is a lot of selling pressure in this price range, and for the bulls to continue the short-term bullish trend, they need to see a confirmed breakout above 28.2k with confirmation like daily candle closes.
Bitcoin News Today
The news surrounding Bitcoin has been largely positive, with the recent announcement of PayPal allowing its users to buy, sell, and hold cryptocurrencies. This is a major step forward for the cryptocurrency industry, as it will allow more people to access the market and increase adoption. Additionally, the news of institutional investors increasing their exposure to Bitcoin has also been a major factor in driving up the price.
Ethereum Price Prediction
Ethereum has also been performing well, with its price increasing significantly over the past few months. The Ethereum network has been undergoing a major upgrade, which is expected to improve its scalability and performance. This upgrade is likely to have a positive effect on the price of Ethereum, and many analysts are predicting that it could reach new all-time highs in the near future.
5k, approximately, and so at least for now, that is the immediate support to pay attention to, but if we actually break back below 1.5k with confirmation, then we could likely see a drop down towards around 1.4k and below that level. We have the golden pocket sitting in between around 1.3k to 1.35k, approximately.
Bitcoin News Today
In recent times, Bitcoin has been making headlines as the cryptocurrency continues to make its mark on the global financial landscape. With its meteoric rise in value from a low of around $1,000 to a high of nearly $30,000, Bitcoin has become a major player in the world of digital currencies. As the world’s first decentralized digital currency, Bitcoin has been able to provide a secure and reliable platform for users to transact with one another without the need for a third-party intermediary. This has made it an attractive option for those looking to make payments or investments in a secure and anonymous manner.
Ethereum Price Prediction
Ethereum is the second-largest cryptocurrency by market capitalization and has been gaining traction in recent years. Ethereum is a blockchain-based platform that enables users to create and execute smart contracts and decentralized applications (DApps). This has made it a popular choice for developers and businesses looking to build applications on the blockchain. As Ethereum continues to gain traction, many investors are looking to the future and predicting what the price of Ethereum will be.
At the time of writing, Ethereum is trading at around $1,600, down from its all-time high of nearly $1,400. While Ethereum is still far from its all-time high, many analysts believe that it is only a matter of time before the cryptocurrency reaches new heights. Some analysts are predicting that Ethereum could reach as high as $10,000 in the near future.
Crypto History Repeating
The cryptocurrency market is known for its volatility, and this has been especially true in recent years. In 2017, Bitcoin experienced a meteoric rise in value, going from around $1,000 to nearly $20,000 in just a few months. This was followed by a sharp decline in 2018, with Bitcoin dropping to around $3,000. Now, in 2021, Bitcoin is once again on the rise, with the cryptocurrency reaching a new all-time high of nearly $30,000.
This pattern of rapid growth followed by a sharp decline is not unique to Bitcoin. Ethereum, for example, experienced a similar pattern in 2017, with the cryptocurrency reaching a high of nearly $1,400 before dropping to around $100 in 2018. Now, Ethereum is once again on the rise, with the cryptocurrency reaching a new all-time high of nearly $1,600.
Prepare Now
As the cryptocurrency market continues to experience volatility, it is important for investors to be prepared. While the market can be unpredictable, there are certain strategies that can help investors minimize their risk and maximize their potential returns. For example, investors should diversify their portfolios by investing in a variety of different cryptocurrencies. This will help to reduce the risk of any one cryptocurrency performing poorly. Additionally, investors should pay close attention to the news and stay up to date on the latest developments in the cryptocurrency market
Crypto History Repeating
Cryptocurrencies have been around for over a decade now, and in that time, they have seen their fair share of highs and lows. The most recent low was seen in March 2020, when the price of Bitcoin and Ethereum dropped to around $6,000 and $160 respectively. This was the lowest point in the market since the 2017 bull run. Since then, the market has been steadily recovering, and the prices of both Bitcoin and Ethereum have been climbing back up. However, despite the recovery, it appears that crypto history is repeating itself.
Bitcoin News Today
The Bitcoin price has been hovering around the $6,000 mark for the past few weeks, and it appears that this level is acting as a strong support. This is a familiar pattern, as this was the same level that acted as a support during the 2017 bull run. If the Bitcoin price is able to break through this level, then it could be a sign that the market is ready to start another bull run. However, if the price fails to break through this level, then it could be a sign that the market is not yet ready to start another bull run.
Ethereum Price Prediction
The Ethereum price has been on a steady climb since March 2020, and it appears that the $160 level is acting as a strong resistance. This is a familiar pattern, as this was the same level that acted as a resistance during the 2017 bull run. If the Ethereum price is able to break through this level, then it could be a sign that the market is ready to start another bull run. However, if the price fails to break through this level, then it could be a sign that the market is not yet ready to start another bull run.
BTC & ETH Price Oscillators
The daily price oscillators for both Bitcoin and Ethereum are currently looking more bullish than bearish. The MACD for Bitcoin is getting close to a possible trend reversal signal, but it has not confirmed just yet. Similarly, the RSI for Ethereum is still trending to the upside, which is a more bullish signal. However, both oscillators are showing very low momentum, which could be a sign that the market is not yet ready for a bull run.
7k and then if we break above 1.7k, then the next resistance level to pay attention to is around 1.735.
Bitcoin News Today
The Bitcoin market has been in a state of flux lately, with prices fluctuating wildly. In the past week, Bitcoin has seen a surge in value, reaching a high of nearly $10,000 before falling back to around $9,000. This volatility has been attributed to a variety of factors, including speculation about the potential for a Bitcoin ETF, as well as the impact of the US-China trade war. As the market continues to be unpredictable, it is important for investors to stay informed about the latest news and developments in the Bitcoin space.
Ethereum Price Prediction
Ethereum has also seen its fair share of volatility in recent weeks, with prices fluctuating between $200 and $250. Despite the volatility, Ethereum has held its own against Bitcoin, with the two currencies trading in a fairly tight range. As the market continues to be unpredictable, it is important for investors to stay informed about the latest news and developments in the Ethereum space.
Analysts have been bullish on Ethereum’s prospects, with many predicting that the currency will reach new highs in the near future. Ethereum has been buoyed by a number of positive developments, including the launch of Ethereum 2.0 and the increasing adoption of decentralized finance (DeFi) protocols. As Ethereum continues to gain traction, many analysts believe that it could eventually overtake Bitcoin as the dominant cryptocurrency.
Crypto History Repeating
The cryptocurrency market is often compared to the dot-com bubble of the late 1990s, with many investors expecting a similar outcome. While it is impossible to predict the future of the market, it is important to remember that history has a tendency to repeat itself. The cryptocurrency market is still in its infancy, and it is likely that we will see more volatility in the coming months and years.
It is also important to remember that the cryptocurrency market is still relatively small compared to traditional markets. This means that there is still plenty of room for growth, and investors should be prepared for the possibility of a major bull run in the future. As the market matures, it is likely that we will see more stability and less volatility.
Prepare Now
Given the unpredictable nature of the cryptocurrency market, it is important for investors to be prepared for any eventuality. This means that investors should be aware of the latest news and developments in the space, as well as the potential for major price movements. It is also important to diversify one’s portfolio and to be prepared for the possibility of losses.
Finally, it is important to remember that the cryptocurrency market is still in its infancy, and it is likely that we will see more volatility in the coming months and years. As such, it is important for investors to be prepared for the possibility of a major bull run in the future. By staying informed and diversifying one’s portfolio, investors can be better prepared for any eventuality.
Crypto History Repeating
Cryptocurrency has been around for over a decade now, and it has seen its fair share of ups and downs. From the early days of Bitcoin’s meteoric rise to the current state of the market, it is clear that crypto has a history of repeating itself. As the market continues to evolve, it is important to be aware of the patterns that have emerged in the past and to be prepared for what may come in the future.
Bitcoin News Today
The news surrounding Bitcoin and other cryptocurrencies can have a major impact on the price of the asset. As such, it is important to stay up to date on the latest news and developments in the crypto space. From news about upcoming regulations to new projects and partnerships, there is always something new to learn about the industry. By staying informed, investors can make more informed decisions and be better prepared for the future.
Ethereum Price Prediction
Ethereum is one of the most popular cryptocurrencies in the world, and its price has been on a roller coaster ride over the past few years. As such, predicting the future price of Ethereum can be a difficult task. However, by looking at the past performance of the asset and analyzing the current market conditions, investors can make educated guesses as to where the price may go in the future.
BTC & ETH
Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. Both of these assets have seen tremendous growth over the past few years, and they are both seen as safe havens for investors looking to diversify their portfolios. As such, it is important to understand the differences between the two assets and how they can be used in different strategies. By understanding the nuances of each asset, investors can make more informed decisions and be better prepared for the future.
Crypto history is repeating itself, and the current market conditions are no exception. Bitcoin and Ethereum have both been performing well, and the news surrounding them has been largely positive. This suggests that the prices of both cryptocurrencies could continue to increase in the near future, and investors should be prepared for this.
Crypto history appears to be repeating itself, as the prices of Bitcoin and Ethereum are hovering around the same levels as they did during the 2017 bull run. The daily price oscillators for both Bitcoin and Ethereum are currently looking more bullish than bearish, but they are showing very low momentum. This could be a sign that the market is not yet ready for another bull run. Therefore, investors should be cautious and prepare for any potential market movements.
