Tags : poised

Bitcoin

3 Charts Show Why Bitcoin Price is Poised to Explode

Bitcoin looks poised to reach fresh price highs according to a flurry of crucial on-chain indicators. Analyst Willy Woo listed signals that showed an uptick in bitcoin trading activities across the US cryptocurrency exchanges. For instance, a metric that measures the total available BTC balance on trading platforms alerted an ongoing decline in reserves. It […]Read More

Market

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes

Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000.  At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.  “On the hourly time […]Read More

Bitcoin

Bitcoin Poised to Form Golden Cross That Could Extend 2021

Bitcoin is looking at an imminent crossover between its short-term and long-term moving averages, a phenomenon that many professional traders consider as a cue for future price rallies. Dubbed as the “Golden Cross,” the convergence is a positive momentum indicator, occurring when an asset’s 50-period moving average moves above its 200-period moving average. It comes […]Read More