The Bitcoin market continues to witness an intense price correction in line with broader crypto market movement. In the past week, the premier cryptocurrency recorded another 10% price decline, trading as low as $80,800, before experiencing a modest bounce. Bitcoin now stands 32.79% below its all-time high, with distribution taking preference over accumulation for most…
Tag: Bitcoin bullish prediction
Bitcoin’s Cup And Handle Pattern Signals Explosive Move To $186,000 — Analyst
Popular market analyst Egrag Crypto has dropped a Bitcoin price prediction due to the recent formation of a highly bullish chart pattern. The maiden cryptocurrency currently trades above $84,000 following its minor recovery in the latter part of last week. However, the continuity of the current bull run remains uncertain barring a sustained uptrend. Bitcoin’s…
Bitcoin Price Hits $63,000 – Is The Market Set For Takeoff?
According to data from CoinMarketCap, Bitcoin (BTC) gained by 4.08% in the last 24 hours as it briefly traded above the $63,000 price mark. Notably, this price rise comes following a decline that saw the market leader trade below $59,000 on Thursday. While the market sentiment is currently bullish, certain conditions are needed to procure…