The month of February was a rocky one for bitcoin but the digital asset had managed to come out ahead in the end. After suffering three long months of red closes, bitcoin has finally recorded its first green month. This is attributed to the rally that began at the end of the month. However, this…
On-chain data shows the Bitcoin taker buy/sell volume is now showing a “buy” signal as the crypto looks to be gearing up for a new rally. Bitcoin Taker Buy/Sell Volume Says Now May Be The Time To Buy As pointed out by an analyst in a CryptoQuant post, the BTC taker buy volume recently reached…
Bitcoin’s price spike, which briefly exceeded $44,500 Tuesday afternoon, is now easing. BTC has retreated to roughly $43,912 on Wednesday, but is still up nearly $10,000 in the last five days and is on the verge of reclaiming January levels. Bitcoin price rose more than 5% Monday as markets processed new developments in Russia’s invasion…
Bitcoin spiked to test the $45,000 resistance against the US Dollar. BTC is consolidating gains and might correct lower towards $43,000 in the near term. Bitcoin extended increase and traded close to the $45,000 resistance zone. The price is trading above $44,000 and the 100 hourly simple moving average. There is a key contracting triangle…
Bitcoin has surprised the market with its recent surge. The digital asset which has been struggling below $40,000 for the past week made a break for it with an incredible rally that saw its peak above $44,000. It took the market by surprise and no doubt the traders as liquidations have been the order of…
On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any…
Bitcoin has been rallying during the past 24-hours as the situation in Ukraine turns for the worst. The Russian Federation continues its attack on the Ukrainian territory. As the conflict ranges on, other macro factors playing against Bitcoin could be mitigated, at least, for the short term. Related Reading | Russia Can’t Rely On Crypto…
Bitcoin has broken above $44,000 once again. After a couple of weeks of low momentum, bitcoin has been able to begin another recovery trend that has seen it add over $4,000 to its price in the last day. Its landing point has been above $43,000, finding its footing at this level, which has put it…
Bitcoin surged as much as 9% after a weekend selloff, on anticipation that cryptocurrencies may gain popularity as a result of Russian sanctions. According to TradingView, the crypto market appears to have recovered after weeks of poor performance, with the price of Bitcoin (BTC) rising 14.5 percent in the last week to little over $43,000.…
Bitcoin is struggling to clear the $40,000 resistance zone against the US Dollar. BTC must settle above $40,000 to start a steady upward move. Bitcoin struggled to clear the $40,000 resistance zone and corrected lower. The price is trading below $39,000 and the 100 hourly simple moving average. There was a break below a short-term…