July 2021 - CryptoCaptain

Pro Traders Tread The Cautious Path As Bitcoin Rally Scatters Bearish Sentiment

2021-07-312021-07-30 by T. Okonkwo

Having broken a descending wedge pattern, Bitcoin surged up to an impressive 22% increase this week. The crypto giant reached its highest since June 15 this week. With a good surge in price, no doubt the bear was attacked but the bear sentiment remains strong prompting pro-traders to maintain an overall cautious outlook. After enduring …

Bitcoin Approaches A Strongly Bearish Territory; Will Investors Be Tempted To Sell Their Crypto Assets?

2021-07-242021-07-23 by T. Okonkwo

Cryptocurrency giant Bitcoin is seen to make moves towards a strong bear territory. As bear market lingers, traders are promoted to slam-down bullish arguments. Will Bitcoin test even lower price levels in the coming weeks? As Bitcoin appears to be in a strongly bearish territory, investors will be making more sell moves to buy later …

Bitcoin Once Again At The Most Critical Level In The Short-Term

2021-07-182021-07-17 by T. Okonkwo

The flagship cryptocurrency, Bitcoin, continues to struggle this week as the asset dropped to a 19-day low of just over $31,000. Altcoins suffer a downtrend as well, with ETH below $2,000, DOGE dumping beneath $0.20, and some losing a substantial amount of value. The past week has shown more bearish than bullish signs. BTC fellby …

Bitcoin May Be Ready For A Show Of Robustness, But Which Direction Will It Break

2021-07-092021-07-09 by T. Okonkwo

Having lost 6% of its value in the last 48 hours, Bitcoin is currently trading at around $32,900 region. The fall in value was as a result of decreasing amounts of trading volume. Over the past weeks, the Bulls have appeared weaker having put its buying power into support yet still failing to produce any …

Bitcoin Tipped To Enjoy A Positive Turn Around In The Third Quarter of 2021

2021-07-02 by T. Okonkwo

Bitcoin closed its worst trading quarter in three years with a 41% decline. As bitcoin continues with its price slumps we see the primary cryptocurrency retrace to a little over $33,000 this week. Having attained a 12-day high of $36,400 Bitcoin has experienced an over $2,000 wipe in gains in the past 48hours. The impact …