Tags : Wedge

Bitcoin

Bitcoin (BTC/USD) Signals Falling Wedge Breakout to Retest $58,000

Bitcoin opened this week in positive territories, looking to recapture its record high levels after crashing to its three-week lows in the previous session. The benchmark cryptocurrency was up 4.70 percent ahead of the London morning bell, hitting an intraday high shy of $47,500 after bouncing off its 200-4H simple moving average wave. Its sharp […]Read More

Bitcoin

Bitcoin Analysis: BTC/USD Wedge Breakout Could Send Price to $55K

Bitcoin (BTC/USD) rose to its highest levels to date at $52,640 on Wednesday after the minutes from Federal Open Market Committee’s January meeting offered bullish guidance. The Fed officials stated that they intend to keep interest rates near zero and maintain the pace of asset purchases at the rate of $120 billion a month. The […]Read More

Bitcoin

Bitcoin Rising Wedge Pattern May Bring Trouble for Bulls; Drop

Bitcoin failed to shoot past $50,000 on Sunday despite a growing bullish sentiment towards the said upside target. Instead, the benchmark cryptocurrency alerted about a potential bearish reversal after forming what the technical chartists call a “Rising Wedge” pattern. The BTC/USD exchange rate inched higher in recent days while leaving behind a trail of higher […]Read More

Bitcoin

Bitcoin Broadening Wedge Formation Indicates Crash Below $30,000

Bitcoin prices fell on Monday, after plunging by more than 12 percent in the previous session, as the US dollar rebounded and US benchmark yields inched higher, denting the flagship cryptocurrency’s safe-haven appeal. Spot BTC/USD was down 11.61 percent to $33,739 .39 per token by 0639 UTC, after having reached its record high of $41,986 […]Read More