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May 20: Be patient, some breakouts take time

May 20: Be patient, some breakouts take time

BTC's open interest is holding steady while volume for the past few sessions has been slightly lower than the last two week's average that it feels to me we are likely to head into somewhat of a short-term inflection point where we make a decisive break to the up or downside. Just look at the doji candlestick closed yesterday, so here are two scenarios how I think what can pan out over the next few days:

Bitcoin Tops $40,000 for The First Time but Experts Warn of Looming Price Correction

Bitcoin Tops $40,000 for The First Time but Experts Warn of Looming Price Correction

The price of Bitcoin has rallied to a new all-time high over $40,000 on Thursday, January 7. A price correction is likely to happen, and experts explain why.

Chainlink (LINK) Massive Bull Run Rallies to Another New All-Time High, Up 700 percent in 2020

Chainlink (LINK) Massive Bull Run Rallies to Another New All-Time High, Up 700 percent in 2020

Chainlink (LINK) has surged by 52 percent in the past 24 hours, reaching its new all-time-high a $13.8799. Chainlink’s LINK price declined and showed a correction on Aug. 5, however, the current uptrend has proved to be strong. While LINK has attempted to reach $14, and most other altcoins are in the green.

Bitcoin Price Records a New All-Time High at Over $28.5K, Wall Street Veteran Bets on Buying Any Dip

Bitcoin Price Records a New All-Time High at Over $28.5K, Wall Street Veteran Bets on Buying Any Dip

Bitcoin’s price has surged to another new all-time high today, reaching over $28,500. The previous time that Bitcoin recorded a new high was on Dec. 27.

PayPal CEO: "The Time is Now" For Bitcoin To Go Mainstream

PayPal CEO: "The Time is Now" For Bitcoin To Go Mainstream

PayPal CEO Dan Schulman believes the time for cryptocurrencies like Bitcoin to go mainstream is here, he is bullish on the future potential of digital currency,

Bitcoin Wallet Addresses At All Time High As Bitcoin Network Experiences Third Halving

Bitcoin Wallet Addresses At All Time High As Bitcoin Network Experiences Third Halving

New data from Glassnode reveals that the number of Bitcoin addresses containing less than 1 BTC has more than doubled since the second halving in July 2016, with wallets containing less than 0.1 BTC showing the highest increase.

Bitcoin in 2021: From All-Time High to Where?

Bitcoin in 2021: From All-Time High to Where?

A few months ago, the idea of Bitcoin surpassing its all-time high (ATH) was not particularly outlandish. A week after, it hit $40K. Nothing, it seemed, would be the same again.

Ethereum Open Interest Hits All-Time High as 100% of ETH Addresses in Profit

Ethereum Open Interest Hits All-Time High as 100% of ETH Addresses in Profit

Ethereum open interest hits an all-time-high and 100% of ETH addresses are now in profit.

Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?

Yearn Finance (YFI) Sees New All-Time High at $18K—Why is this DeFi Token Valued Higher than Bitcoin?

Yearn.finance (YFI) token has seen a new all-time high, surging past $18K at $18,169, after soaring 30 percent in the past 12 hours.

Bitcoin Surges Past $24,000 for the First Time, Market Analysts Predict What’s Next for BTC

Bitcoin Surges Past $24,000 for the First Time, Market Analysts Predict What’s Next for BTC

On Saturday, Bitcoin leaped to record a high of $24,000 for the first time as it enjoys a strong momentum through the year.

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Vitalik Buterin: Time will Tell Whether the Hive Blockchain will Surpass Steem

Justin Sun’s entry into Steemit is not going down well with the community. They have created a hard fork of the blockchain and named it Hive. Vitalik Buterin, Ethereum Founder, tweeted that Hive stands a test of time in demonstrating whether self-independence will be achieved.

Volatility Rocks The Market as Altcoins Ignite Following Bitcoin’s New All-Time High Price Rally

Volatility Rocks The Market as Altcoins Ignite Following Bitcoin’s New All-Time High Price Rally

As Bitcoin surges above $22,000 to an all-time high record, the altcoins also saw gains but the market is currently characterized by extreme volatility.

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