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Wyckoff Analysis: Bitcoin Bottom Is In, Price Poised to Break Past $8,000

For months now, crypto investors have been asking if the Bitcoin (BTC) bottom is in. While the answer has mostly been no over the past few months, a number of analysts are becoming certain that the drop to $6,400 seen earlier this month was the final bout of decisively bearish price action this cycle.Related Reading:...
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High Likelihood Bitcoin Bottom Came In at $6,400; Here’s Why

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month and $6,400 just days ago, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the...
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Bitcoin Price Will Drop $1,000 Before Seeing Real Bottom: Here’s Why

Bitcoin price is finally exhibiting price action that suggests it could be building a base in which a final local bottom could set.The post appeared first on NewsBTC
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Why Bitcoin Price Could Drop 20% to $5,500 Before Rebounding

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Analysts have understandably divided over the question, as the correct answer would show in which direction Bitcoin will head for the next couple of...
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This Simple Indicator Implies Bitcoin Price is Nearing Macro Bottom

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart PatternAnalysts have understandably divided over the question, as the correct answer...
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Should History Repeat, Bitcoin Price Will Drop 40% to Bottom at $4,300

You’ve likely heard the term “echo bubble” tossed about in relation to Bitcoin over the past couple of months. For instance, hedge fund manager Mark Dow, an investor that shorted BTC when it traded at $20,000 in December 2017, recently quipped that the leading crypto is in a “textbook echo bubble.” This came shortly after...
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Three Reasons Why Bitcoin May Have Just Short-term Bottomed After Big Spike

Bitcoin is leading crypto markets back into the green again today but they have a long way to go before anything can be considered ‘healthy’. The 14% bounce could simply be a bull trap or BTC may finally have been at the bottom and readying for another run.Bitcoin Bounces BackThis week has been pretty grim...
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Why Bitcoin’s Plunge to $6,500 Might Have Been the Bottom

Bitcoin has had a crazy past 12 months. Since bottoming at $3,150 on December 15th, 2018, the cryptocurrency has bounced back. Hard. By June, a coin was trading for $14,000 a piece, up hundreds of percent since the year started.Related Reading: Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020Now though, Bitcoin...
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Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market Bottom

After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s value eliminated.The post appeared first on NewsBTC
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Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over?

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.According to a number of fractal analyses, which is comparing an asset’s historical price action to its current price action, the bottom just might...
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