Tag: Bullish

Bullish Sentiment Returns to BTC Following Yesterday’s Sell-off – Market Updates Bitcoin News

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Following yesterday’s drop in price, bitcoin stabilized during Thursday’s session, as prices hovered marginally below $21,000. Bulls are attempting to take BTC back towards this resistance level, which was broken as a result of Wednesday’s sell-off. Bitcoin BTC was trading marginally below $21,000 on Thursday, as prices slightly rebounded following declines on hump day. Following Wednesday’s low of $19,848.08, BTC/USD rose to an intraday high of $20,835.75, earlier in today’s session. This move comes as bulls seem set to once again break out of the current resistance at $21,100, which…

Bitcoin Spot To Derivatives Flow Forms Historical Bullish Pattern

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On-chain data shows the Bitcoin flow from spot exchanges to derivatives exchanges is currently painting a trend that has historically been bullish for the crypto’s price. Bitcoin Spot To Derivatives Exchanges Flow Starts Sharp Decline As pointed out by an analyst in a CryptoQuant post, the BTC spot to derivatives flow may be hinting at a bullish outcome for the crypto. The “spot exchanges to derivatives exchanges flow” is an indicator that measures the total amount of Bitcoin moving from spot wallets to derivatives wallets. When the value of this…

Bitcoin Forms Bullish Pattern, Why Break Above $31.5K Is The Key

Bitcoin remained strong above the $29,500 support against the US Dollar. BTC could start a major increase if there is a clear move above the $31,500 resistance. Bitcoin started a fresh increase from the $29,500 support zone. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major upward move if there is a clear…

Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish

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At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline. SOL price nears bullish wedge breakout First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines. As a rule of technical analysis, a falling wedge’s profit target is measured after adding the maximum distance between its upper…

Cardano Seems To Have Gained Its Bullish Streak Again, What’s Next?

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Cardano (ADA) has been one of the top gainers in the last 24 hours. Price of asset has pictured a bullish action on the daily chart. The bulls have regained strength and has continued to move past other resistance marks. The major resistance mark for the coin now rests above the $0.60 level. After the coin manages to trade above the aforementioned price level for the upcoming trading sessions, the bulls will find a strong footing. If ADA fails to cross above the $0.64 crucial resistance mark then the coin…

Avalanche price eyes 30% jump in June with AVAX’s classic bullish reversal pattern

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Avalanche’s AVAX token shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern. AVAX price to $35? Dubbed a “double bottom,” the pattern appears when the price establishes a support level, rebounds, corrects after finding a resistance level, pulls back toward the previous support and bounces back toward the resistance level to pursue a breakout. Since May 27, AVAX’s price trends appear like those typically witnessed during the double bottom formation. Specifically, the AVAX/USD pair on the four-hour chart has bounced twice after testing the same support…

‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week

Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, BTC/USD is back at weekly highs on May 30, gaining several percent overnight. In contrast to recent weekly closes, the May 29 candle managed to limit the downside and reverse course immediately as the new week began. Nonetheless, Bitcoin has now sealed nine red weekly candles in a row, something never seen before in its history. Just how bearish is the largest cryptocurrency going into June? The…

US Senator Cruz ‘Incredibly Bullish’ on Bitcoin — Says ‘I Have a Weekly Buy’ – Markets and Prices Bitcoin News

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U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundation’s Bitcoin and the American Experiment event Monday. He began: I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish. “I think it…

Ethereum Forms Bullish Pattern But This Level Is Crucial

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further, but the $2,085 zone presents a major hurdle. Ethereum Price Recovers Above $2K Ethereum extended…