Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
The Bitcoin (BTC) market has faced some resistance this week, according to a report by cryptocurrency analytics firm Glassnode. The market reverted from a weekly high of over $31,000 to a low of $27,000, signaling a potential correction in the market. Despite this recent dip, Glassnode’s analysis shows that the opening to 2023 has been…
Bitcoin, the world’s most well-known cryptocurrency, has been on a wild ride over the past few years, with its price surging to new highs before crashing back down. Despite this, some experts still believe the asset could record new significant highs in a few years to come. At current market prices, Bitcoin has currently decreased…
Bitcoin price is trading at around $27,000 per coin after failing to hold above $30,000. Crypto market sentiment would suggest that BTC is already back at lows, ready for a fresh decline. However, if a perfected TD buy setup is an indication, then BTC might have just finished its pullback and is ready to continue…
Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here…
The crypto market was hit hard during the weekend as prices from Bitcoin to altcoins fell rapidly. During this time, there was also a decline in the trading volume and momentum in the market, which was partly responsible for the losses recorded. Now, with the new week, there is still a lot of skepticism in…
Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline…
Bitcoin price has written a red candle in the 1-week chart for the first time after five consecutive weeks. As NewsBTC reported, the price is in a critical zone in the 1-day chart to maintain the long-term uptrend. Therefore, the next few days could be of great importance to determine the trend. Was $27,000 Already…
Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend…
Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward…