Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key

Bitcoin continues to show signs of resilience at the $95,000 region, pushing higher from recent lows and attempting to reclaim its bullish structure after a volatile April. The monthly candlestick for April on the CME Futures chart currently presents a strong bullish engulfing formation, which, if sustained into the weekly close, could provide the market with bullish momentum to close May with another bullish candle. The potential of this bullish close is enough to sway the sentiment among bearish proponents, according to crypto analyst Tony “The Bull” Severino. Raging Bull Tool Flashes Signal On CME Futures Bitcoin’s price action over the past two weeks has been positive and has seen an otherwise waning bullish sentiment slowly creeping back among crypto traders. Interestingly, this price action has even seen Bitcoin’s net taker volume turn positive for the first time in a while. Although the trend is still in its early stages, the renewed strength is already beginning to soften some of the more bearish outlooks, especially as key indicators start to turn. Related Reading: Bitcoin Price Confirms Breakout To $106,000 As Technicals Align Tony The Bull Severino, a well-followed crypto analyst, recently revealed on social media platform X that his proprietary Raging Bull indicator has turned back on. However, this indicator has turned back on only on the Bitcoin CME Futures chart, not the spot BTC/USD chart.   The divergence between CME Futures and the spot chart, with only the former flashing this bullish signal, has added complexity to Bitcoins current outlook. The Raging Bull tool, which uses weekly price data, is designed to identify early stages of powerful upward movements. According to Severino, the appearance of this signal, despite his bearish stance, suggests a meaningful shift in market structure may be developing. However, he was quick to add that a confirmed weekly close is still necessary before any firm conclusions can be drawn.  Breaking Above This Level Is Key Examining the monthly chart shared by the analyst, the bullish engulfing candlestick is clearly visible following a sharp rebound from Aprils lows below $83,000. Bitcoin began the month of April at around $83,000, but a swift downturn in the first few days pushed the price downward until it bottomed out at around $75,000. However, the current April candle not only erases Marchs losses but also indicates increased interest in Bitcoin from institutional traders on the CME platform.  Related Reading: Bitcoin Price Following Analysts Prediction For Bullish Breakout, Heres The Target Still, despite the encouraging candlestick formation, Bitcoin must decisively break above the $96,000 to $100,000 region, where previous uptrends have stalled. This level is acting as a ceiling that could determine whether the recent bullish momentum continues or stalls. A failure to close above this range, either on the weekly or monthly timeframe, could invalidate the Raging Bull signal.  Additionally, the Raging Bull indicator needs to turn back on the spot BTCUSD chart to confirm a strong bullish outlook. This can only be done if Bitcoin manages to break substantially above $96,000. At the time of writing, Bitcoin is trading at $94,934. Featured image from Pixabay, chart from Tradingview.com

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CME’s New Ether/Bitcoin Futures Product Set To Enhance Crypto Exposure; Here’s How

CME Group announces Ether/Bitcoin Futures contacts that would go live on July 31 after regulatory approval. With this offering, investors can gain exposure to cryptocurrencies through the leading derivatives exchange without having to adopt a directional viewpoint. In accordance with the press release, this new contract will help “create opportunities for a broad array of […]

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Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying

Crypto analyst Tony Severino has drawn similarities between Ethereums price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETHs future trajectory.  Ethereums Price Action In 2024 Vs. 2025 Based On Important Technical Indicators In an X post, Tony Severino provided a Japanese candlestick, TD Sequential and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETHs 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024s candlestick and is entering 2023s candle body.  Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close.  Ethereum is currently in a downtrend, having dropped below $2,000 yesterday for the first time since December 2023. Although ETH has recovered above this psychological level, concerns remain about its current price action. As Severino noted, the Ethereum price could be facing its first-ever yearly downtrend.  Ethereum began the year in an unusual manner, recording a negative monthly close in both January and February, the first time this has happened. Crypto analyst Ali Martinez warned that the Ethereum price could still drop to as low as $1,600 or even $1.200, having broken below the lower boundary of a parallel channel.  ETHs Bottom Might Be In In an X post, crypto analyst Titan of Crypto asserted that Ethereums bottom is in. He revealed that the 2024 low has been swept on ETHs perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analysts accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH).  Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels.  At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish

After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish Bitcoin has seen its value rise by approximately 9% in the past 24 hours, adding about $166 billion to its market capitalization. This marks a swift change from the decline last week, which saw Bitcoin declining to fill a CME gap below $80,000. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Heres The Next Target Renowned for his deep technical expertise, Peter Brandt took to social media to outline six reasons why Bitcoin has now returned to a bullish trajectory. His observations are rooted on a series of technical developments that have unfolded over the past week.  Brandts first key point is Bitcoins recent 30% correction. Notably, Bitcoin’s recent crash to a bottom at $78,900 marked a 30% correction from its January 30 all-time high of $108,786. This level of pullback is typical in strong bull markets and often precedes the next leg up. The second reason why Bitcoin has flipped bullish is its ability to find support along its parabolic advance despite the recent dip. Another factor reinforcing Bitcoins bullish outlook is the successful retest of a CME futures gap below $80,000. Interestingly, this gap had been a key concern even as Bitcoin rallied to above $100,000 in January, with technical analysis warning of a drop toward this level. Now that the CME gap has been filled, the next step is the resumption of bullish momentum. Brandt also highlighted the emergence of a “foot shot doji” candlestick pattern, which typically indicates the exhaustion of selling pressure and a potential reversal. Furthermore, he referenced the Factor three-day trailing stop rule to indicate that Bitcoin is regaining strength. Lastly, he pointed to a high-volume “puke out,” where sellers have exited Bitcoin in capitulation. Taken together, these signals suggest that Bitcoins latest rally is not just a temporary bounce but a confirmation of bullish momentum.  Whats Next For BTC As Bullish Signals Strengthen? At the time of writing, Bitcoin is trading at $92,443 and everything surrounding its fundamentals now points to a continued move upwards in the coming weeks. Interestingly, you could argue that institutional invesments through Spot Bitcoin ETFs have yet to be factored into the price of Bitcoin following Trumps announcement of a US crypto strategic reserve.  Related Reading: Bitcoin Price Risks Crash: Analyst Paints Picture Of Drop Below $30,000 The announcement came over the weekend when traditional markets were closed, meaning the bullish momentum was largely driven by retail traders. With this, Bitcoin is likely to push past the $100,000 mark again before the end of the week as institutional inflows pick up. Featured image from iStock, chart from Trsdingview.com

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This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time?

Ethereum’s price has been facing significant downward pressure in recent days, with the cryptocurrency even dipping below the $2,000 mark for the first time since December 2023. The crash below $2,000 has done more harm to the already declining bullish sentiment, and the next outlook is whether there will be more incoming declines or whether the leading altcoin is already nearing a bottom.  Notably, an interesting signal of a probable outcome has been revealed through the Ethereum CME Futures chart, where the monthly Relative Strength Index (RSI) just reached its lowest level on record, surpassing the readings from the 2022 bear market. Ethereums Monthly RSI Drops Below 2022 Levels Crypto analyst Tony “The Bull” Severino has highlighted a significant development in Ethereums technical indicators, pointing out that the cryptocurrencys monthly Relative Strength Index (RSI) on the CME Futures chart has now fallen to its lowest level on record. Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 This decline has pushed the RSI below the 2022 bear market bottom, a period that saw Ethereum reach multi-year lows before eventually staging a recovery. Severino shared this observation in a detailed technical analysis post on social media platform X, using Ethereums Futures monthly candlestick timeframe chart.  The analyst noted that although this drop suggests strong selling momentum, it could also be forming a hidden bullish divergence. This is because the last time Ethereums RSI dropped to such extreme lows, it eventually found its footing around $900 and embarked on a price uptrend in the months that followed. This previous performance raises the possibility of Ethereum approaching a bottom, despite its current downward momentum. It is possible that Ethereum has now found a footing around $1,900 and is now gearing up for another uprend in the coming months. However, Severino remained cautious about the situation, stating that the reading could also mean that the selling pressure is at its strongest and could continue driving Ethereum lower into oversold conditions. Interestingly, he also made it clear that despite the potential for a reversal, he is currently leaning more toward a bearish outlook on Ethereum. Stochastic Indicator Points To A Deeper Bearish Phase Beyond the RSI levels, another key indicator that Severino highlighted is Ethereum’s one-month Stochastic oscillator, which has now dropped below the 50 mark. In a previous analysis, he noted that Ethereum’s drop below the 50 mark is characteristic of a bear maket territory. However, it typically does not find a bottom until the Stochastic indicator reaches below 20 and is in extreme oversold conditions. Related Reading: Ethereum Price Crash To $2,000 Could Happen As Smaller Timeframes Turn Bearish As shown by the chart below, past trends indicate that when Ethereum’s Stochastic oscillator enters bear market territory, it often takes months before the asset stabilizes and begins a strong recovery. At the time of writing, Ethereum is trading at $1,920, having recently reached a low of $1,851 in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

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Ethereum Futures – CME Launches Micro Product

The post Ethereum Futures – CME Launches Micro Product appeared first on CryptoTicker.

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Ethereum Futures: CME To Launch Micro Product By Dec 06 As Ether Breaches $4500

The post Ethereum Futures: CME To Launch Micro Product By Dec 06 As Ether Breaches $4500 appeared first on CryptoTicker.

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Once Again, Excess Leverage Causes Major Dip: Here’s the Data

Ah, the pesky degens–never satisfied, always greedy. The crazy dip we saw early this morning, which wiped out most alt-coin gains in the past couple of weeks is clearly due to excess leverage in the market. Many believe leverage is a plague which is the only thing holding Bitcoin back, too. Bets against (shorts) Bitcoin […]

The post Once Again, Excess Leverage Causes Major Dip: Here’s the Data appeared first on CryptosRus.

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Bitcoin Breaks Out Of Ichimoku Cloud, Storms Toward $28,000

Bitcoin price has made an intraday move higher, pushing above the Ichimoku cloud on BTC CME Futures daily charts. This signal in the past sent the entire cryptocurrency market soaring higher. Will crypto once again continue to storm ahead, or is it about to rain more pain on investors? Bitcoin Storms Above $28,000 After Technical Breakout BTCUSD made a 4% move higher today. While the number is rather insignificant, the minor rally was enough for a major breakout of the Ichimoku cloud on daily timeframes. Related Reading: Bitcoin Recovers Above Critical Level, Why Bulls Could Be Ready To Charge Importantly, the signal has only appeared on BTC CME Futures daily charts thus far. On spot BTCUSD charts, Bitcoin has a little more to climb. However, the breakout on the BTC1 continuous contract chart could be a prelude of what’s to come. Shortly after price action peeked above the top of the cloud, the top cryptocurrency by market cap immediately stormed toward $28,000 per coin. And if history is anything to go by, sky could be the limit on higher prices. Bitcoin has breached above the cloud | BTCUSD on TradingView.com Why Blasting Above The Cloud Could Mean Liftoff For Crypto The Ichimoku cloud consists of Senkou span A and B. When these two spans twist it turns the cloud from green to red, or from red to green. The cloud itself also expands and contracts based on price volatility, and can act as support and resistance. Related Reading: Bitcoin “Throwback” Could Trigger Flawless Technical Bottom Formation Bitcoin escaping the Ichimoku cloud was a crucial breach of dynamic resistance. In the comparison above, BTC leaving the cloud in 2020 led to the most recent bullish rally in crypto. In 2021 after the second top at $68,000 per coin, Bitcoin then retested the cloud and fell right through it. This time, not only did the retest hold, but today’s rally just pushed BTC CME Futures daily chart above the cloud, the Tenkan-sen, and the Kijun-sen. This means that according to the Ichimoku, there is very little daily resistance left. If Bitcoin does behave like the last time it left the cloud, it could be time for liftoff. A close above the cloud could clear #Bitcoin for liftoff 2020×2023 pic.twitter.com/CtC9RyEXen — Tony “The Bull” (@tonythebullBTC) June 20, 2023 Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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CME Group to Launch Micro Euro-Denominated Bitcoin and Ether Futures Amid Rising Demand

On Tuesday, CME Group unveiled plans to introduce micro euro-denominated bitcoin and ether futures, set to debut on March 18, contingent on regulatory green lights. These euro-based offerings will mirror their U.S. dollar-based equivalents, each representing one-tenth of the respective cryptocurrency’s value. CME Group Announces Micro Euro-Denominated Bitcoin and Ether Futures Launch Following the 2021 [...]

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Bitcoin trader eyes CME gap with $24K BTC price dip target in play

Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed buoyant about upside continuation. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView $24,000 BTC price still in play, says trader Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still focusing on the $27,000 mark, having dipped to $26,870 after the daily close. Still lacking [...]

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Bitcoin trader say BTC headed toward $125K by New Years Even based on Bayesian probability

Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Years Eve.

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