As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery […]
Category: Double Top
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As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these days, a few crypto advocates have theorized the bear market will be less harsh this time around. Furthermore, there’s also the rare scenario that bitcoin’s […]
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Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November
The classic bearish setup projects Litecoin price potentially falling to $200 in the coming sessions.
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Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears
The pattern’s neckline support near $1,984 emerges as Ethereum’s downside target.
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Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the […]
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