Bitcoin price is correcting gains from $28,000. BTC could correct further lower toward the $26,800 zone before the bulls take a stand. Bitcoin started a downside correction from the $28,150 resistance zone. The price is trading above $26,600 and the 100 hourly Simple moving average. There is a declining channel forming with resistance near $27,250…
Crypto asset manager Grayscale recently won against the Securities and Exchange Commission (SEC) in court, propelling gains in the price of Bitcoin in the past 24 hours. According to the case details, a US appeals court ruled on Tuesday, August 292r, that the SEC was wrong to reject an application from Grayscale to convert the…
Bitcoin price rallied above $26,500 and $27,000. BTC tested the $28,000 resistance zone and is currently correcting lower toward $27,000. Bitcoin jumped and cleared the $26,500 resistance zone. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $26,100…
In a significant turn of events for Bitcoin (BTC) and the overall market, cryptocurrency asset manager Grayscale has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC). The U.S. District of Columbia Court of Appeals has ruled in favor of Grayscale, overturning the SEC’s lawsuit and potentially bringing the company…
Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic. However, a question that lingers is whether another crash is really…
Bitcoin price is attempting an upside break above the $26,200 resistance. BTC must clear $26,200 and $26,500 to start a decent recovery wave. Bitcoin is still struggling to clear the $26,500 resistance zone. The price is trading above $26,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend…
Bitcoin (BTC), the leading cryptocurrency in the market, has experienced a significant decline since mid-August, resulting in a stagnant price within a newly formed range. This decline has occurred amidst what many believe is an extended bear market in cryptocurrency, causing concerns about the future of Bitcoin’s bull cycles. Bloomberg Intelligence’s Senior Macro Strategist, Mike…
Bitcoin miners are churning less in revenue, looking at trackers on August 28. According to Hashrate Index data, a platform that tracks the correlation between hash rate and revenue accrued by miners over time, income generated from Bitcoin mining operations is at near record lows. Bitcoin Miner Revenue Declining At $0.059 per Tera Hash (TH) daily,…
Bitcoin price is stuck in a tiny range above the $25,900 support. BTC could start a decent increase if there is a close above $26,200 and then $26,500. Bitcoin is struggling to clear the $26,500 resistance zone. The price is trading below $26,200 and the 100 hourly Simple moving average. There is a connecting bearish…
Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a period of stability around the $26,000 mark following the recent speech by Federal Reserve Chair Jerome Powell. Powell reiterated the central bank’s commitment to maintaining a 2% inflation target in his speech. As economists discuss the implications of this goal, market observers, including Bloomberg’s Senior Macro…