No, Bitcoin Forming a Weekly TD Sequential “9” Doesn’t Kill the Bull Trend

If you have been trading Bitcoin over the past week, you likely know the emphasis analysts have put on the formation of a TD Sequential “9” on BTC’s weekly chart. One trader suggested just days ago that it was one of four reasons why there’s a “high chance” Bitcoin falls this week. The three other reasons were the formation of hidden bearish divergences, a bearish crossover in the Stochastic RSI, and a “Heikin-Ashis spinning top” suggestive of a trend reversal. But one top technician noted that a TD “9” actually…

Bitcoin Trader Axes 4-Year Bull Cycle Forecast After $10K ‘Triple Top’

Prominent Bitcoin trader and technical analyst, Pentarhudi, says the price of BTC could fall to as low as $6,000. The prediction comes after the brutal rejection of $10,500 on June 2. Pentarhudi is well respected for his technical Bitcoin analysis which dates back to 2015 when the price of BTC was hovering just over $200. Before the 14% drop on Tuesday, the trader suggested that the upsurge may mark the start of a four-year bull market. But his analysis released on March 12 showed that only a breakout above the…

New Quantum Model for BTC Predicts Bottom in 2021 Before 2022 Bull Run

Twitter analyst CryptoWhale teased a new model for Bitcoin (BTC) on June 2, which claims to use quantum analysis to predict future price. The Fermions Flows, or FF, Whale Model forecasts a bottom in 2021 followed by a bull-run starting in 2022. Is quantum physics related to Bitcoin? Fermions, after which the model is named, are subatomic particles which follow Fermi-Dirac statistics and generally have a half odd-integer spin. Fermi-Dirac statistics describe a distribution of particles over energy states in systems consisting of many identical particles, where none of the…

Bitcoin Jumps Above $10,000 as It Prepares for Next Bull Cycle

Demand has pushed Bitcoin prices above the critical $10,000 level. If these price levels turn into support, then BTC could be on its way to $12,500. Key Takeaways Bitcoin experienced a bullish impulse that pushed its price above the $10,000 barrier. Multiple bearish indicators show that turning the $10,000 price level into support won’t be easy. A further increase in demand may see BTC climb towards $12,500 while a spike in sell orders could be catastrophic. Share this article Bitcoin has jumped above the critical $10,000 price level. If this…

Crypto Analyst Releases Stock-to-Flow Model Indicator for BTC Bull Run

Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun. PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F) model, a price prediction model for Bitcoin (BTC). #Bitcoin S2F chart update .. RED DOT RELEASED!!! pic.twitter.com/iNTjbf9b9K — PlanB (@100trillionUSD) May 31, 2020 The S2F model treats BTC as a commodity like gold or silver, evaluating the existing supply…

Goldman Scandal, BTC Bull Trap Fears, How Libra Will Make Money: Hodler’s Digest, May 25–31

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Goldman Sachs butts heads with Bloomberg over Bitcoin One of the world’s biggest investment banks caused a stink this week when it declared cryptocurrencies are not an asset class. In a leaked PowerPoint presentation, Goldman Sachs warned Bitcoin doesn’t provide diversification benefits, dampen volatility in…

$10,000 Bull Trap? Why Bitcoin Price Is Now Likely to Pull Back

Bitcoin (BTC) price was once again sideways last week with price action between bulls and bears proving to be equal. But scenarios look likely for Bitcoin as we approach the month of May comes to a close? Let’s take a look at what’s happening with the largest cryptocurrency by market capitalization, BTC.  Daily crypto market performance. Source: Coin360.com A bullish monthly candle close  BTC/USD 1-Month chart. Source: TensorCharts Starting out on the monthly, we can see that Bitcoin grew in value by nearly 25% in the month of May. This…

Analysts: Why Bitcoin Breaking $10,500 Is So Crucial to the Long-Term Bull Case

After days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week. The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month. But Bitcoin remains below a crucial region of resistance that analysts say could unlock upside not seen since 2019 if BTC manages to reclaim the zone as support. The Importance of $10,500 to Bitcoin As arbitrary as this number may sound, $10,500 is…

Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst

Bitcoin (BTC) has spent almost 900 days correcting from its $20,000 all-time highs — but its trip to $100,000 is about to start. That is the opinion of popular social media trader and analyst Positive Crypto, who on May 29 declared that the largest cryptocurrency’s 896-day climbdown would soon be over. BTC price to break “consolidation structure” According to an accompanying chart, the time since December 2017 has been “one massive accumulation phase,” during which investors repositioned themselves and bought in. This “consolidation structure,” as Positive Crypto calls it, is…

Bitcoin ‘Hodl Wave’ Data Has Now Been Calling a Bull Run for 5 Months

Bitcoin (BTC) is more likely to be at the start of a new bull market than at any time since 2016, new data covering investors suggests. Noted by Phillip Swift, creator of monitoring resource Look Into Bitcoin, the data shows that 60% of the Bitcoin supply has not moved from its wallet in over one year.  Analyst eyes “significant hodling” The last time that such a large amount of the supply had remained stationary for that long was in 2016 — just before the start of the bull run, which…