Tags : double

Bitcoin

Call for A $46,000 Bitcoin Emerge on Double Top Breakdown

Bitcoin bulls should prepare for a shock as a confluence of technical indicators readies to send the cryptocurrency price to $46,000. According to independent market analyst Jonny Moe, the BTC/USD exchange rate risks declining to the said level as it declines below the price floors of two classic technical patterns: Double Top and Descending Triangle. […]Read More

Bitcoin

Bitcoin Shows Double Bullish Confluence; Next Target: $50,000

A confluence of two classic technical indicators suggests Bitcoin will hit $50,000 in the short-term. Dubbed as Bull Flag and Bull Pennant, both the patterns represent a period of consolidation after a strong uptrend, except with different structures. For instance, Bull Flags appear like downward sloping channels, wherein an asset moves lower while leaving behind […]Read More