Features Crypto News by Thebittimes.Com

BTC price will have trouble breaking above $35,000, various analysts warn, as major resistance appears on Binance. Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts. In its latest market update on July 5, trading firm QCP Capital flagged the mid-$30,000 range as a potential cooling-off point for the Bitcoin bull market. Bitcoin homes in on post-FTX rally peak With BTC price stagnating around $30,000, concerns are mounting that the majority of its gains have already materialized. The area between $35,000 and $40,000 is now particularly popular among market participants seeking to catch a local top, and QCP is one of them. “Tactically (short-term), our favoured trade to play this is selling end-Sep 33k to 35k calls, and using the premiums to buy 30k puts,” it summarized about its plans for H2 trading. QCP highlighted incoming resistance for the moving average convergence/divergence (MACD) indicator — designed to measure price strengt...

Bitcoin is in the midst of a "bump & run reversal" which demands serious upside, argues Capriole CEO, Charles Edwards. Bitcoin (BTC) is setting up a classic trading move, which could see it hit a giant $100,000, one analyst says. In a tweet on March 14, Charles Edwards, founder and CEO of investment firm Capriole, called BTC price action in 2023 a “bump & run reversal.” Edwards on BTC price: The "bottom is back" Having passed $26,000 to hit new nine-month highs this week, BTC/USD is in the midst of a recovery rarely seen before. Despite cooling under $25,000 at the time of writing, longer timeframes are already getting analysts excited after the brutal 2022 bear market. For Edwards, Bitcoin in 2023 has been straight out of the markets textbooks. The largest cryptocurrency is attempting to fulfil a "bump and run reversal pattern," he believes. The bottom phase of bump and run is defined by investment resource Wealthy Education as follows: "The...

Anything could happen in the coming weeks and months when Bitcoin attempts to break out of its post-FTX trading range. Bitcoin (BTC) is approaching the end of 2022 at levels not seen in over two years — what do traders think will happen next? BTC price reeling from USD strength Currently down 15% in Q4 and over 60% year-to-date, BTC/USD has few bullish allies as 2023 looms. Struggling to recover from the ongoing FTX scandal and associated fallout, the largest cryptocurrency giving back all the gains seen since late 2020 is indicative of the crypto market as a whole. Risk assets are in a precious position themselves, as Cointelegraph reported, while eyes are also on the strength of the U.S. dollar going into the new year. Cointelegraph takes a look at the diverging opinions among some popular traders when it comes to what BTC price action could do in Q1, 2023. Crypto Tony: Short with daily range low target One market participant taking no chances on the last day of trading on Wall Stre...