Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market as it prepares for bitcoin’s next price move:
For the last week, bitcoin has been pretty tightly coiled in a relatively narrow range. A breakout of the range in either direction will likely yield a strong continuation in the direction of the breakout.
Investors who use BitGo's custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.
Remember: We are still in a bear market. Just because bitcoin saw a couple of weeks of strong demand, that does not negate the previous months and months of downward pressure.
Atomic swaps allow for on-chain exchanges, or transactions, between cryptocurrencies on two separate blockchains — in this case, Bitcoin and Qtum — without the need to rely on a third party.
Bitcoin has enjoyed a 25% rally over the last few days. But at the top of its current rally, we see a Gravestone Doji setup that could potentially lead to a bearish reversal.
Bitcoin has dropped 50% in 1 month and continues to test previous support levels. We are currently experiencing a breakout of a massive bear pennant that has a price target of $1700.
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