Omkar Godbole is the market reporter for CoinDesk, the global leader in blockchain news, where he produces technical chart-based price updates on Bitcoin and other alternative currencies.
Bitcoin is showing signs of exhaustion on the short-duration technical charts, but a pullback has been elusive – so far.
The widely-followed MACD indicator has turned bullish for the first time in over a year, backing up signs of a long-term bitcoin bull reversal.
Bitcoin looks set to end April in the green for the fourth consecutive year, having climbed 27 percent already this month.
Bitcoin's stalled rally could take off again if the bulls can convincingly breach a new resistance level above $5,200.
Bitcoin confirmed a longer-term bull breakout a week ago, but the rally has since flattened out. What's going on?
Bitcoin could be in for a minor price retreat as the RSI is showing the most overbought conditions for 16 months.
The cryptocurrency market sprang back to life with bitcoin's surge to 4.5-month highs yesterday. But why?
After today's breakout, bitcoin now needs to move above crucial resistance near $5,200 to solidify the case for a longer-term bull market.
Bitcoin made double-digit gains in the first three months of 2019, marking its best quarterly performance since Q4 2017.
Litecoin's price doubled in the first three months of 2019 to register its best first-quarter performance on record.