3 signs Bitcoin’s ‘parabolic phase’ with a $250K target is about to begin

October 20, 2024 Coin Telegraph

<div>3 signs Bitcoin’s 'parabolic phase' with a 0K target is about to begin</div>

Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.

Bitcoin’s (BTC) price has climbed 55% so far in 2024, including 12.50% gains in October. Its recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings.

BTC/USD daily price chart. Source: TradingView

Additionally, investors are increasingly pricing in potential Federal Reserve rate cuts in November, with pro-crypto Donald Trump’s rising odds of winning the 2024 presidential election furthering the optimism.

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Bitcoin ‘ticking time bomb’ setup targets $150K by 2025

September 15, 2024 Coin Telegraph

<div>Bitcoin 'ticking time bomb' setup targets 0K by 2025</div>

Bitcoin price analysis

Bitcoin price technical setups, including a "cup and handle" pattern, suggest an explosive move to $100,000-$150,000 over the coming months.

Bitcoin (BTC) is flashing signals that may indicate an explosive move to the $100,000-$150,000 range by the first quarter of 2025.

Bitcoin’s recent price action shows a confluence of technical indicators aligning with a breakout. The most notable pattern forming on the charts is the "cup and handle," a classic technical formation suggesting bullish continuation.

This pattern features a rounded bottom (cup) and a subsequent consolidation phase (handle). The handle’s formation signals a period of consolidation, often preceding a major bullish breakout.

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Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope

August 4, 2024 Coin Telegraph

Bitcoin

The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States.

Bitcoin (BTC) is down over 4% in the past 24 hours, falling below $60K. However, a retest of $74,000 in the coming weeks is possible, at least based on a maturing Wyckoff reaccumulation pattern and increasing odds of three rate cuts by 2024’s end.

The Wyckoff reaccumulation pattern is a technical setup that identifies phases of consolidation and accumulation after a prolonged uptrend.

In this pattern, the price typically goes through nine critical phases, namely Preliminary Supply (PSY), Buying Climax (BC), Automatic Reaction (AR), Secondary Test (ST), Spring, Test, Last Point of Support (LPS) and finally, the Sign of Strength (SOS).

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5 bullish arguments that Bitcoin price just bottomed at $53K

July 7, 2024 Coin Telegraph

Bitcoin

Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.

Despite Bitcoin (BTC) price volatility and five-month lows, several key indicators suggest that the bulls may still have the upper hand, hinting at a potential resurgence in the BTC price trajectory.

Bitcoin has faced a turbulent start this month, plummeting over 10.50% to hover around $57,000 as of July 7. At its lowest point, BTC touched $53,550, its losses led by fears of a market dump due to Mt. Gox's ongoing reimbursement of over 140,000 BTC to its clients and the German government's BTC liquidations.

The latest Bitcoin price decline was accompanied by a growing divergence between falling prices and the rising relative strength index (RSI). This divergence typically indicates that the selling pressure is weakening, even though the price continues to slump.

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Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode

May 22, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of […]

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Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels

May 20, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently […]

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Bitcoin Technical Analysis: BTC Bulls Eye $68K After Surpassing Key $66K Resistance

May 17, 2024 Bitcoin.com

Bitcoin Technical Analysis: BTC Bulls Eye K After Surpassing Key K Resistance

Bitcoin (BTC)

As of May 17, 2024, bitcoin’s price stands at $66,303 with a market capitalization of $1.30 trillion and a 24-hour trading volume of $28.43 billion. Technical indicators from multiple time frames suggest a potential continuation of the bullish trend, albeit amidst notable market volatility. The convergence of moving averages and oscillators signals a strong upward […]

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Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery

May 13, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156. Despite a recent 2% uplift, bitcoin remains down by 3.6% over the […]

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Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

May 10, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC) […]

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Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations

May 8, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3% over the last seven days. Bitcoin […]

Bitcoin Technical Analysis

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