The Bitcoin price has failed to break above the key resistance level of $27,800 since Monday. With today’s release of the US Consumer Price Index (CPI), a directional decision may be imminent: Will Bitcoin climb again towards $30,000 or is a drop to $25,000 looming? Who Will Buckle First? The Consumer Price Index (CPI) will…
Bitcoin price is consolidating losses below $28,200. BTC could start another decline unless there is a clear move above the $28,500 resistance. Bitcoin is consolidating losses and trading above the $27,000 support. The price is trading below $28,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
A whale recently transferred $14.5 million of PEPE to Binance and is now buying TURBO, Lookonchain data on May 9 shows. Pepe coin (PEPE) is a meme token and one of the top-performing assets after rallying by over 10x in recent days pushing its market capitalization to over $1 billion. PEPE’s performance and trading activity…
As Bitcoin became a more mainstream asset, its correlation with the stock market rose which meant it has been impacted by world events to a higher degree than it did before. This is evident with the asset’s reaction to the rising inflation and the Fed’s continuous hiking of interest rates. However, there seems to be…
Bitcoin (BTC), the largest cryptocurrency in the market, has been trading sideways since experiencing a drop of over 5% on Monday. Despite this decline, Bitcoin has found support at $27,200, preventing further drops that could potentially jeopardize the next bull run of the leading cryptocurrency. However, many investors wonder whether Bitcoin will show any signs…
Bitcoin (BTC), the world’s first and largest cryptocurrency, has been associated with several bull runs over the years. One of the most notable uptrends occurred in 2012, and financial analyst and cryptocurrency expert Aditya Siddhartha has linked it to the United States of America (USA) Presidential Elections. Why Does The US Presidential Elections Matter For…
Bitcoin has now plunged under the $28,000 level, but the data of an on-chain indicator may suggest that this drop could only be temporary. Bitcoin Short-Term Holder SOPR Has Dropped Just Under The 1 Level As pointed out by an analyst in a CryptoQuant post, the current values of the metric have generally served as…
Bitcoin, the world’s largest and most well-known cryptocurrency, has had a tumultuous past few days, and according to Mike McGlone, a senior macro strategist at Bloomberg Intelligence, the volatility in the BTC market could very well impact other risk assets. McGlone believes that BTC’s influence on the market has become contagious, and as a result,…
Bitcoin price is moving lower below $28,000. BTC is approaching the $27,000 support, below which there is a risk of an extended decline to $25,500. Bitcoin is moving lower and trading below the $28,200 pivot level. The price is trading below $28,000 and the 100 hourly Simple moving average. There is a major bearish trend…
Bitcoin price is moving lower below $28,000. BTC is approaching the $27,000 support, below which there is a risk of an extended decline to $25,500. Bitcoin is moving lower and trading below the $28,200 pivot level. The price is trading below $28,000 and the 100 hourly Simple moving average. There is a major bearish trend…