BTC Price Must Definitively Reclaim $48K to Confirm Continued Uptrend

BTC is back above $48K after an abrupt breakdown of bullish trajectory saw the king coin shed up to $1,500 in a matter of hours on Aug 25. The world’s first cryptocurrency regained lost ground as quickly as it had slumped. Now, changing hands for $48, 642.  That impressive rebound is likely attributable to bullish news from Bloomberg analysts. Some of them predict that the US Securities and Exchange Commission (SEC) could launch a Bitcoin ETF soon. In a Tuesday…

Bitcoin Declines Below $9k Price Level; Is a Bull Run Imminent?

Bitcoin has been consolidating directly beneath critical barrier over the past few weeks and could not surge above $10k price level. A few hours ago, it moved below $9k and traders are wondering whether the leading cryptocurrency will revisit the low levels attained during the crash in March or maybe it is a chance to purchase the dip prior to the real bull run. It has been difficult for Bitcoin to clear the key resistance at $10k as it has proven…

Bitcoin Bear Market May Extend, Says Volume Analysis

Bitcoin reward halving has happened and the bull market should be ready to swing into action. However, the recent rally’s volume profile could bring about declining moves which might suggest Bitcoin returning to an extended seller market. It is commonly said in the traditional markets that volume precedes price, but Bitcoin traders may not be familiar with it. This means smart money usually takes positions early, which does not always reflect price movements. Rather, trading volume can offer an early…