Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Over the past few weeks, and even months, there has been a lot of movement in the price of Bitcoin, but it has not been going anywhere significant. The price has moved from just below $10,000 to touching $13,000, but has only just ebbed and flowed in that bracket.
This has led to many analysts looking for signs of what is to come, and those signs seem to suggest the next big move by Bitcoin will likely be a positive one, and a rather big one too. By examining three market indicators; Crypto Fear & Greed Index, the Bitcoin Golden Ratio Multiplier and Bollinger Bands, analysts suspect Bitcoin will soon boom.
It is not only those indicators that are pointing in the right direction, one trader - PlanB - Tweeted:
“Bitcoin’s 3 month struggle to break the magical $10k feels like begin 2017 struggle to break $1k...we all know what comes next.”
A look at the history of Bitcoin;s price climb around the $1,000 mark does bear some similarities. Up until January 2, 2017, Bitcoin had traded below $1,000 for 1,124 days.
Once above $1,000, the following $1,000 hurdles were lept over at an ever quickening pace. The number of days between $1,000 and $2,000 was reduced to 23. By the time Bitcoin price reached $5,000, the number of days it took to secure another $1,000 gain had dropped to 10.
As of right now, Bitcoin has spent the past 2 weeks in a struggle to stay above $10,000 and traders like PlanB are beginning to wonder if $10K is the new $1K.
One indicator being applied to the price of Bitcoin is the Crypto Fear and Greed Index (CFGI). This index tries to get a sense of investor sentiment and plots if they are feeling greedy and optimistic - closer to 100 - of if there is fear and worry - closer to one.
According to the creators, a low reading tends to represent buying opportunities and high readings could be a sign that a correction is in store. As of August 22, the indicator had dropped to 5, the lowest level measured since December 2018.
This probably means that traders are not ready to take a position as the fea is the $10,000 mark may fall away and that a low of $9,000 is on the cards.
Other indicators, such as daily Volume Profile Visible Range give an indication that sell volume is outpacing purchasing volume on the daily and 4-hour chart but overall volume is drawing down and the Bollinger bands are tightening. This usually happens before Bitcoin price makes a sharp move.
If these moves continue along the plotted path, the expectation is that Bitcoin could set daily higher high at $11,400 followed by an attempt at $11,790.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Crypto Market is Moving UPWARDS! How High can Cardano reach?
23 minutes ago | CryptoTicker
Crypto is an asset class based on nothing but momentum and ideology, says Bradley Tusk
32 minutes ago | CNBC Television
Shiba Inu to launch SHI stablecoin, TREAT reward token in 2022
35 minutes ago | CryptoSlate
Bitcoin Flashing Multiple Bottom Signals After Massive Systemic Shock, According to ARK Invest Analyst
36 minutes ago | The Daily Hodl
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Gate IO
With Cryptocurrencies becoming a big thing in the financial world and more coming up daily, Gate.io ...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Analysts Predict Bitcoin Price is Ready for a Big Rally
Over the past few weeks, and even months, there has been a lot of movement in the price of...
Will my Bitcoin Gold volatilize?
Will my Bitcoin Gold volatilize? Bitcoin Gold is a bitcoin split, just like Bitcoin Cash.It...
The Crypto Regulation Future is Happening Now
Bitcoin and other cryptocurrencies are on the verge of mainstream uptake. Started almost a...
Will Ethereum, the Bitcoin Worst Enemy Win?
Bitcoin and ETH have both been rising in value significantly over the past few months. The price...
Tezos would have violated the American law
Tezos would have violated the American law !!The giant Tezos ICO is the subject of a class...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Overview of the Price of Dogecoin - All You Need to Know About it!
Dogecoin (DOGE) is, according to its official website, a decentralised and "open-source...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)