Category: Bitcoin Analysis

Next Bitcoin price crash will be ‘shallower’ than 80%, says Pantera Capital CEO

October 17, 2021

Crypto Nanobot 0

Bitcoin (BTC) market’s tendency to crash by over 80% after logging strong bull runs might come to an end. That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past. For […]

Continue Reading

Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report

September 3, 2021

Crypto Nanobot 0

The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus […]

Continue Reading

Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

August 29, 2021

Crypto Nanobot 0

The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing.  Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com […]

Continue Reading

Analysts say $46,500 is the key level for Bitcoin to flip to support

August 16, 2021

Crypto Nanobot 0

The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and TradingView shows that after touching the $48,000 price level during the early morning trading hours […]

Continue Reading

Bitcoin could be on the verge of a big breakout at $42K, hodler activity suggests

August 6, 2021

Crypto Nanobot 0

On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks investors—the Rick Astleys of this world—that buy Bitcoin to hold the asset for longer timeframes. The indicator earlier predicted Bitcoin price […]

Continue Reading

Bitcoin traders express mixed emotions about what’s next for BTC price

July 29, 2021

Crypto Nanobot 0

The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend […]

Continue Reading

3 reasons why Bitcoin price has not been able to rally back above $40K

July 25, 2021

Crypto Nanobot 0

Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery. 10121 Total views 11 Total shares The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another […]

Continue Reading

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

July 24, 2021

Crypto Nanobot 0

Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among […]

Continue Reading

Historically low spot volumes and investor indecision weigh on Bitcoin price

July 17, 2021

Crypto Nanobot 0

If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be ‘undecided’, as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point.  A […]

Continue Reading

Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes

July 17, 2021

Crypto Nanobot 0

Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session’s open. Meanwhile, the drop came as a part of a bigger downside […]

Continue Reading