Bitcoin has been showing immense signs of strength throughout the past few weeks, and its uptrend is showing no signs of slowing down as bulls work to flip $16,000 into a support level. This price level has long been strong resistance for the cryptocurrency, but it has been able to post what appears to be…
Bitcoin has seen losses in the past day after a rejection north of the $40,000 resistance. At the time of writing, the first cryptocurrency by market cap trades at $37,598 with a 5.6% loss in the 24-hour chart. BTC with minor losses in the daily chart. Source: BTCUSD Tradingview In the weekly chart, Bitcoin records…
Bitcoin is entering uncharted waters as it trades against a backdrop of global economic turbulence, and so far it has held up surprisingly well – posting year-to-date gains while the equities market continues trading well below where it started the year.It now appears that the “perfect storm” for Bitcoin could be brewing, as two rapidly…
A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new post on X, an analyst has discussed about how the Coin Days Destroyed (CDD) on-chain indicator may be used…
Bitcoin price found support near the $56,350 zone. BTC is recovering higher, but the bears might be active near the $60,000 resistance zone. Bitcoin is attempting a recovery wave from the $56,350 support zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break above a key bearish…
Este artículo también está disponible en español. Bitcoin price is recovering losses above the $98,000 zone. BTC is gaining pace and might continue higher if it clears the $100,000 resistance zone. Bitcoin started a fresh recovery above the $97,500 zone. The price is trading above $97,800 and the 100 hourly Simple moving average. There is…
Avalanche (AVAX) trails behind the plunge of Bitcoin (BTC), has also shaved 6% off its price in the last 24 hours. On the brighter side, AVAX/USD is looking solid and rising following yesterday’s plunge which suggests a correction before a potential uptrend. AVAX is currently trading at $25.10, up 7 percent in the last seven…
Just nine weeks ago, the crypto market fell off the face of a cliff.Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700. It was a move caused by a global liquidation event in all markets, triggered by a run for cash to respond…
The advantages of holding bitcoin over gold have been publicized and debated countless times. These two digital assets, one a physical asset and the other referred to as the “digital gold”, have both gone head-to-head when it comes to which one is the better store of value. As the bitcoin crash raged on last week,…
Bitcoin has wholly sidelined its widely-covered correlation with the US stock market. On Thursday, the benchmark cryptocurrency sustained its weekly gains as its price surged by more than 1 percent. The move briefly pushed the price above $13,000 before a modest pullback turned it back below the level. But overall, the bias appeared extremely bullish…