The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News

Bitcoin Uptrend is Promising As Traders Await Bullrun

Wayne Jones by Wayne Jones
30th June 2020
2 min read
0
Bitcoin-Uptrend-is-Promising-As-Traders-Await-Bullrun
0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

Yesterday, Bitcoin kick-started a decent recovery from the $8,813 low against the US Dollar, with prices climbing above the $9K pivot level to move into a short-term positive zone above $9,100. 

Moreover, there was an eventual break above a vital bearish trend line at the $9,170 resistance zone. 

Today, the BTC price exhibited some strength by temporarily surging up to $9,235, but at the time of writing, the top-ranked crypto is below the $9,200 resistance level and is trading at $9,152.

In the coming sessions, there is a risk of a bearish reaction if Bitcoin struggles to continue higher above $9,200, which could drag prices towards $8,800 or even $8,650. 

On a bright note, BTC needs to surpass the main resistance near $9,300 to push into a positive zone. If the bulls succeed, there could be a remarkable uptrend towards $9,500.

Bitcoin Poised for Massive Move

While Bitcoin has seen some intense short-term volatility in past weeks, the flagship coin is still consolidating on a macro scale. 

Nevertheless, this drawn-out consolidation is reaching a breaking point, with volatility indicators pointing to a Bitcoin move out of the $8,500 and $10K range. 

According to analysts at “Bitcoin Bravado”, a prominent crypto research group, a “huge” move in the markets is coming soon as BTC volatility is currently at historic lows. 

As per the researchers, crypto traders are currently waiting for a sign regarding where the next move is heading. They added:

“Any time Bitcoin volatility gets this low, it usually means something huge is on the way. […] Suffice to say, the window for placing your bets is quickly narrowing.”

More Analysts See a Big Move Coming

As we previously reported, on-chain analyst Willy Woo also shares the sentiment of a huge move after the current BTC consolidation breaks out. In fact, the analyst sees the next full-blown bull market commencing in a month. 

With BTC geared up to see a major move, institutional investors have begun stacking up their chips in an attempt to capitalize on the looming move. 

Tags: $BTCBTC price analysisBullrunCrypto Traders
ShareTweetShareShareSendSend
Wayne Jones

Wayne Jones

Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, I cover trendy issues on digital currencies.

Related Posts

Vitalik Buterin steering clear of yield farming
All News

Strong start to 2021 for DeFi

17th January 2021
Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week
All News

Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week

16th January 2021
Cryptocurrencies-Contract Killers-Russia
All News

Contract Killers in Russia using Cryptocurrencies to accept Payments

16th January 2021
Coinbase’s Ripple users could get Spark airdrop windfall
All News

Kraken latest exchange to halt XRP trading for US users

16th January 2021
Grayscale’s Bitcoin Trust grows by $1.6 bln in six months
All News

Mt Gox victims may soon begin to recoup funds

16th January 2021
Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400
All News

Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400

15th January 2021
Next Post
Decrypting-AWX-Your-Ticket-to-Investing-in-the-Aurus-Ecosystem

Decrypting AWX: Your Ticket to Investing in the Aurus Ecosystem

Lawyers

Lawyers in Washington D.C are open to accepting crypto as payment

Please login to join discussion
  • All News
  • Editor's Picks

Strong start to 2021 for DeFi

Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week

Contract Killers in Russia using Cryptocurrencies to accept Payments

Kraken latest exchange to halt XRP trading for US users

Mt Gox victims may soon begin to recoup funds

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • Ripple Targets 10 Million Customers With New Strategic Partnership

    Ripple Targets 10 Million Customers With New Strategic Partnership

    0 shares
    Share 0 Tweet 0
  • First Signs of Bitcoin Panic Shows as Whales Profit from Correction

    0 shares
    Share 0 Tweet 0
  • Genitals for bitcoin – Hackers take control of Smart Chastity Cages and demand Bitcoin Ransom

    0 shares
    Share 0 Tweet 0
  • Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400

    0 shares
    Share 0 Tweet 0
  • Bitcoin Makes Swift 20 Percent Recovery as Banks Prepare to Post Major Losses

    0 shares
    Share 0 Tweet 0

Market Updates

Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week

Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week

16th January 2021
Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400

Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400

15th January 2021
The Current BTC Uptrend is the Second Most Powerful in History

The Current BTC Uptrend is the Second Most Powerful in History

8th January 2021

Media

hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
fomohunt-podcast

FomoHunt Podcast – Joe Vezz & Jon Farjo: Tracking Social Sentiment Waves with Lunar Crush

30th July 2020
ethereum-hashoshi

Hashoshi: Ethereum 2.0, Chainlink, Bitcoin Price, and more!

27th July 2020
fomohunt-podcast

FomoHunt Podcast – Joe Roets: Behind the scenes of “Open source money”

24th July 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • Strong start to 2021 for DeFi
  • Polkadot Surpasses XRP’s Market Cap After Gaining 75% In A Week
  • Contract Killers in Russia using Cryptocurrencies to accept Payments
  • Kraken latest exchange to halt XRP trading for US users

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 34,619.00 7.13%
ethereum
Ethereum (ETH) $ 1,188.63 1.73%
tether
Tether (USDT) $ 0.994816 1.00%
polkadot
Polkadot (DOT) $ 16.74 12.70%
ripple
XRP (XRP) $ 0.273629 3.65%
cardano
Cardano (ADA) $ 0.357262 12.28%
litecoin
Litecoin (LTC) $ 139.40 4.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 469.36 5.00%
chainlink
Chainlink (LINK) $ 20.12 9.78%
stellar
Stellar (XLM) $ 0.295403 2.18%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam