Whichever way you look at it, this is a crucial point for Bitcoin price.
This ultimately produced a so-called “Bart Simpson” pattern — a spike higher, followed by a plateau and subsequent retracement — only to then break out even higher later on.
“$28.800 acting as a bottom so far. If we can hold here for the next week or so - I see us breaking $30.000 soon after,” Jelle predicted.With volatility returning to BTC/USD in recent days, John Bollinger, creator of the Bollinger bands volatility indicator, meanwhile called for caution.Bitcoin, he noted on the day, had reversed away from its upper Bollinger band, abandoning a breakout beyond it.
“Bitcoin just pulled back to its middle Bollinger Band and its prior breakout level. We call this a logical place. Time to Pay Attention!” he
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday – Market Updates Bitcoin NewsBitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run.
Read more »
Bitcoin 'mega whales' send BTC price to $30K as volatility hits cryptoBitcoin faces a new support battle as BTC price suddenly returns above $30,000.
Read more »
Bitcoin (BTC) Price Analysis for April 18Can the price of BTC fix above the $30,000 mark by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
BTC price dives 3% in minutes as 'deep correction' grips crypto marketBitcoin sees downside volatility as BTC price falls $1,000 in minutes.
Read more »
Forget BTC price: The Bitcoin mining boom is quietly going parabolicBitcoin network fundamentals are set for new all-time highs this week, with BTC price stagnant.
Read more »
Can Bitcoin reclaim $30K? Watch these BTC price levels nextBitcoin can return to $30,000, with analysts eyeing multiple BTC price levels.
Read more »