Double Top – DIGIT INFO

In Its Entire History, Bitcoin Has Only Spent 0.81% of Its Life Above the $60K Line

DIGIT — Sun, 03 Mar 2024 15:32:50 +0000

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 […]

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As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play

DIGIT — Mon, 09 May 2022 18:30:50 +0000

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

DIGIT — Mon, 15 Nov 2021 12:41:05 +0000

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

DIGIT — Mon, 20 Sep 2021 16:34:39 +0000

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

DIGIT — Sun, 20 Jun 2021 15:00:25 +0000

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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