A very dangerous pattern is forming
Bitcoin price remained in a tight range this week as concerns about the industry continued. The BTC/USD pair was trading at 26,000, where it has been in the past few days. Similarly, the BTC/GBP was stuck at 20,522, which was much higher than last Friday’s low of 19,762. Bitcoin flash crash Bitcoin and other cryptocurrencies […]
Why is Ethereum being outperformed by Bitcoin? Historical pattern changing in 2023
Key Takeaways Ethereum has historically outperformed Bitcoin in bull runs The pattern has flipped to start the year, with Bitcoin dominance rising Our Analyst Dan Ashmore jumps on-chain to look through history, and show how and why the pattern is changing The Flippening, huh? Nothing incites debate within crypto circles quite like it. Referring to […]
pattern points to a comeback
Bitcoin price has retreated after the Fed decision. The Fed decided to hike rates by 50 basis points. The inverted head & shoulders pattern points to more upside. Bitcoin price pulled back on Thursday as the market reflected on the latest interest rate decision by the Federal Reserve. After soaring to $18,378 on Wednesday, Bitcoin […]
Bitcoin (BTC/USD) choppy pattern continues. Here is why the next breakout could be catastrophic
Since breaking below $19,000, Bitcoin (BTC/USD) has been unable to recover to the crucial psychological level. As of press time, the cryptocurrency trades slightly above $16,000, the level it bottomed at post-FTX collapse. It’s nearly two weeks now, and the price of BTC has been consolidating at this yearly low. Can it recover in the […]
Is Solana sol facing a catastrophic breakout from an inside-bar pattern?
It’s an indecision moment as Solana trades at an oversold level of $13. The cryptocurrency has formed multiple pin bars at the level, indicating indecision in the market. A potential breakout to the downside could see SOL claim a single-digit price. CoinMarketCap data shows that SOL has lost more than 25% in a week. The […]