Was the recent bounce in bitcoin a likely bull trap – meaning was it a possible false breakout of resistance before another major drop? We look at the charts and explain. #Bitcoin #BTCUSD #AlessioRastani. For membership: Bitcoin’s price is eyeing an imminent return to $10,000. A key technical formation suggests a prolonged bull market is possible. Bitcoin-gold correlation continues to strengthen. After rallying to five-month highs on Friday, bitcoin’s eventual return to $10,000 and beyond appears highly likely. The bullish bias has a lot to do with the technical charts after bitcoin achieved an important ... Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 27 Earlier this month, Bitcoin was rejected at the pivotal $12,000 resistance level after recovering from a drop to $11,000. The cryptocurrency proceeded to drop as low as $9,800, with the market selling the failed breakout attempt. Bitcoin now trades at $10,800, far below those recent highs and below some technically important levels. BTC remains in a positive state on a macro time frame, though ... Bitcoin volume unaffected by Tether’s (USDT) market dominance — Data shows ; DeFi Project Spotlight: Injective Protocol ; Tether's market cap could overtake Ethereum’s next year — Bloomberg report
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