Analysis Crypto by Thebittimes.Com

Bitcoin (BTC) crashed by more than 21% in the last seven days from a local peak at $99,495, down to $78,219 on February 28, bringing uncertainty to traders and investors. A prominent trading expert, however, believes this movement is part of an expected market correction that is about to end. CrypNuevo , a well-known smart trader, has been posting technical analyses updates throughout the week, following Bitcoin’s price action. Despite missing, and acknowledging the fail, of a forecasted support at $91,764, CrypNuevo quickly adjusted to BTC’s new reality. Bitcoin (BTC) price chart analysis posted on February 26. Source: TradingView / CrypNuevo Bitcoin technical trading targets for end February and March According to a recent update, the trading expert is looking at the 50-week exponential moving average (1W50EMA) as the leading indicator to set Bitcoin’s target. This would be at $76,200, which could be hit precisely or not, with the price hovering around this lev...

Almost everyone in the cryptocurrency community knows that Michael Saylor is a massive Bitcoin (BTC) enthusiast, but he has not bought any of the maiden crypto asset lately, leading one trading expert to try and discern the logic behind this and whether his confidence is going down. Indeed, trading expert Alan Santana has pointed out that the MicroStrategy (NASDAQ: MSTR) executive chair “hasn’t been buying any Bitcoins,” as well as that BlackRock (NYSE: BLK), “is nowhere to be found,” wondering what this indicates, in a TradingView post on September 4. Why is Saylor not buying Bitcoin? According to Santana, “one way to look at the Bitcoin market from a rookie bullish perspective is through the story that Bitcoin is strong and cannot move lower because (1) the Spot ETFs (aka. BlackRock) will buy everything and (2) Micheal Saylor “bought Bitcoin.” Picks for you ...

Bitcoin (BTC) has broken out of the $60,000 psychological level, regaining the price region above this mark. Following a volatile three-day price action, analysts expect the leading cryptocurrency to present a “Bart Simpson” chart pattern, correcting downwards. In particular, the crypto analyst and trading expert who goes by the pseudonymous CrypNuevo has drawn his Bitcoin price prediction. This projection comes in the form of CrypNuevo ‘s weekly “Sunday Update” and sets the plan for this trading week. The analyst expects a week primarily driven by very short-term price action, liquidation imbalances, and low time frame technical Analysis . As he said, “We have a nice trading week ahead,” considering the “economic calendar is quiet.” Picks for you Expert outlines phases of ‘the biggest ...