Tag Archives: bullish

Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

While a long-term chart indicator has just made a bullish call, bitcoin (BTC) is struggling to gather upside traction and looks vulnerable near the seven-week rising trendline support. In what was possibly going to gift bitcoin prices a lift, the 50-day moving average (MA) has crossed above the 200-day MA, confirming a golden crossover, a long-term bull market indicator. Continue reading Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

Bitcoin Heads Into Historically Positive February on a Bullish Note

Bitcoin is holding its bullish trend while heading into the historically strong month of February. The top cryptocurrency picked up a bid below $7,000 on Jan. 3 and has been on an upward trajectory ever since, rising to three-month highs near $9,570 on Thursday, according to CoinDesk’s Bitcoin Price Index. Continue reading Bitcoin Heads Into Historically Positive February on a Bullish Note

4 Bullish Signs in Favor of a Huge Santa Claus Rally

Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but bullish recently. Since it’s tantalizing reprisal back in June, the pioneer crypto has refused to advance anywhere but south, retracing by as much as 47%. Continue reading 4 Bullish Signs in Favor of a Huge Santa Claus Rally

This Bullish Metric Just Notched a New All-Time High

Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A minor bitcoin rally later, and almost everyone is tweeting about getting a Lamborghini. Continue reading This Bullish Metric Just Notched a New All-Time High

Traders Explain Why You Should Be Long-Term Bullish on Bitcoin

Bitcoin’s price has corrected by as much as 53% from the 2019 high of $13,880. Investor sentiment has turned extremely bearish. A few weeks ago, the idea of bitcoin trading at $5,000 was unthinkable. Today, many are calling for $5,000 to be the bottom of this downtrend. Continue reading Traders Explain Why You Should Be Long-Term Bullish on Bitcoin