For an industry that rarely gets mainstream political support, Bitcoin recently received a massive endorsement after Democratic Presidential candidate Robert F. Kennedy spoke out in support of the cryptocurrency. According to RFK, arguments against adopting Bitcoin due to perceived environmental impact are merely a cover to curtail financial freedom. Responding to the tweet by Feldman,…
Bitcoin price is recovering higher from the $29,000 support. BTC could revisit the key $29,700 resistance zone in the coming sessions. Bitcoin is slowly moving higher above the $29,200 and $29,300 levels. The price is trading above $29,300 and the 100 hourly Simple moving average. There was a break below a key bearish trend line…
It would appear that Bitcoin whales are shifting their BTC into exchanges at an alarming rate, which is a warning that they may be getting ready to liquidate their holdings. Recent on-chain data shows that Bitcoin whale exchange deposits reached $275 million in a single day as the cryptocurrency continues to struggle to cross over…
Bitcoin price is struggling to rise above the $29,300 resistance level. BTC could start another decline and trade below the $28,880 support zone. Bitcoin is struggling to rise above the $29,300 and $29,600 levels. The price is trading below $29,300 and the 100 hourly Simple moving average. There was a break below a major bullish…
Bitcoin price is struggling to recover above the $29,000 resistance level. BTC must settle above $29,000 and then $29,600 to move into a positive zone. Bitcoin is attempting a recovery wave above the $28,850 level. The price is trading below $29,200 and the 100 hourly Simple moving average. There is a key bullish trend line…
The Federal Reserve’s (Fed) decision to raise the Federal Funds Rate (FFR) by 25 basis points to 5.50%, the highest level since February 2021, had little impact on the cryptocurrency market and Bitcoin (BTC), with the event described as “very vanilla” by the Journalist Ted Talks Macro. The FOMC indicated that achieving its 2% inflation…
Bitcoin price is attempting a recovery wave above the $29,200 level. BTC must clear the $29,600 resistance to start a decent recovery wave. Bitcoin is consolidating above the $29,000 support zone. The price is trading below $29,600 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support near $29,120…
Bitcoin has been on the lips of many crypto investors and news outlets for the past few months as major investment companies like BlackRock look to bring on Spot Bitcoin ETFs. The world’s largest digital currency has also seen an increase in price in the past few months as a result of this, ranging around…
Bitcoin price extended its decline and traded below $29,000. BTC is still at risk of more downsides toward the $28,200 support zone in the near term. Bitcoin is gaining bearish momentum below the $29,200 level. The price is trading below $29,500 and the 100 hourly Simple moving average. There was a break below a major…
Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a sharp decline recently, mirroring the broader decline in the cryptocurrency market. This has led to concerns among Bitcoin bulls, who closely monitor the cryptocurrency’s price movements to determine whether the decline will continue or stabilize the market. Downside Volatility Threatens BTC’s Support According to crypto analyst…