btc price analysis | Crypto Profit Bot

Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst

December 6, 2021

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Investors, not short-term traders, will be the likely beneficiaries of upcoming BTC price moves, popular names agree. 3167 Total views 56 Total shares Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysts warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott […]

Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K

November 28, 2021

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Bitcoin remains attractive for seasoned hodlers, as $50,000 now becomes the point at which confidence could turn to anxiety. 9383 Total views 85 Total shares Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers keen at $53,000 […]

Bitcoin price metric demands ‘strong reaction’ as $56K BTC starts to look ‘seriously cheap’

November 24, 2021

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Current limp Bitcoin price performance is not fooling analysts, as Advanced NVT Signal joins those predicting a dramatic BTC renaissance. 7210 Total views 32 Total shares Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, […]

Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels

November 19, 2021

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Bitcoin (BTC) is demanding a “slightly bearish” rethink on price action as old support levels give way overnight. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts sound alarm over open interest Data from Cointelegraph Markets Pro and TradingView showed a low of $55,640 on Bitstamp on Nov. 19. Capitalizing on its lowest levels in over […]

Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M

November 16, 2021

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One analyst hails a successful retest of monthly support, but nervousness is increasing on the back of 11% daily losses. 6853 Total views 30 Total shares Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily liquidations near $1 billion […]

‘Conservative’ BTC supply shock metric now says Bitcoin should cost at least $55K

September 5, 2021

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Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.” In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD. Bitcoin price plays catch-up with metrics While Bitcoin has still not established $50,000 as firm support, on-chain […]

Worst month for BTC price in 10 years: 5 things to watch in Bitcoin

May 31, 2021

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Bitcoin (BTC) starts a new week bearish or as a firm “buy” depending on the source — what happens next? After a week of uninspiring price performance, the largest cryptocurrency is still stuck in the lower $30,000 range. With inflation worrying traditional markets and summer months traditionally good for bulls, there may yet be cause […]

Bitcoin gains 6% as Bollinger Bands creator eyes W-shaped BTC price bottom

May 24, 2021

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Current price activity could end up in bulls’ favor, says John Bollinger, with traders keenly awaiting an uptick that could liquidate shorters. 15170 Total views 21 Total shares Bitcoin (BTC) could shoot higher if it completes a W-shaped bottom, says veteran analyst John Bollinger. In a tweet on May 24, the Bollinger Bands creator told […]

Bitcoin price slips below $34K: What are the key levels to watch?

May 23, 2021

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The price of Bitcoin (BTC) fell below $34,000 on major exchanges including Binance as the cryptocurrency market’s corrective phase continues. Large inflows of Ether (ETH) into exchanges were spotted before the latest downturn, suggesting that ETH whales might have led the most recent sell-off in the market. Bitcoin 1-day price chart (Binance). Source: TradingView Where […]

Bitcoin in ‘discounted bull market’ unlike stocks — Bloomberg Intelligence

May 21, 2021

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This week’s price dip showed that cryptocurrency has “entered the mainstream,” says analyst Mike McGlone, and the future is likely “tilted in its favor.” 13863 Total views 28 Total shares Bitcoin (BTC) and altcoins have “entered the mainstream” after this week’s price dip and will become stronger as a result, said Bloomberg Intelligence. In a […]

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