Is Bitcoin (BTC) Able to Break Out Above $40,500? – BeInCrypto

Bitcoin (BTC) made another attempt at breaking out above the $40,500 resistance area yesterday. However, this push was unsuccessful.
Sponsored
Sponsored
BTC is still consolidating below this area, potentially gearing up for another breakout attempt.

Read more

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

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.

Read more

BTCD Breaks Out but Could be Nearing Top – BeInCrypto

The Bitcoin dominance rate (BTCD) has broken out from a descending resistance line.
Sponsored
Sponsored
It is approaching a confluence of Fib resistance levels close to 50-52.75%.
Long-term bounce
During the week of May 17-23, BTCD reached a low of 39.66% and bounced. The low nearly touched the 39.

Read more

BTC On-Chain Analysis: What Caused Recent Short-Squeeze – BeInCrypto

A look at on-chain indicators for Bitcoin (BTC), more specifically funding rates and open interest in order to determine what caused the short squeeze of July 26.
Sponsored
Sponsored
The negative funding rates and high levels of open interest were likely the catalysts for the July 26 short squeeze.

Read more

Bitcoin (BTC) Makes Another Attempt at Clearing $40,000 – BeInCrypto

Bitcoin (BTC) is trading inside the $40,550 resistance area, making this its third breakout attempt so far.
Sponsored
Sponsored
While BTC has created seven successive bullish candlesticks, short-term indicators are showing weakness.

Read more

Bitcoin (BTC) Makes Another Attempt At Breaking Above Range Highs – BeInCrypto

After being rejected on June 26, Bitcoin (BTC) is now making another attempt at breaking out above the $40,550 resistance area.
Sponsored
Sponsored
Despite showing short-term signs of weakness, BTC is expected to eventually break out.

Read more

Bitcoin (BTC) Rockets to Range Highs Following Downtrend – BeInCrypto

Bitcoin (BTC) increased considerably on July 26, managing to reach the range high at $40,550.
Sponsored
Sponsored
However, it failed to break out and is now attempting to find support in order to make another breakout attempt.

Read more

Bitcoin’s RSI Breaks Out of 6-Month Downtrend

One of the most popular technical analysis indicators, the RSI, has broken decisively from a more than 6-month downtrend line.
Sponsored
Sponsored
A look at similar cases from the previous three years allows us to estimate the potential for increasing the bitcoin (BTC) price in the coming months.

Read more