The last two days have been especially rocky for the Bitcoin price as it has fluctuated heavily between trying for a recovery and then crashing even further. As a result of this, the price of the digital asset has revisited the $26,000 level once more and the new bearish trend may point to more decline…
Bitcoin price is moving lower below the $28,000 level. BTC is at risk of a downside break toward the $25,000 support in the near term. Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels. The price is trading below $27,500 and the 100 hourly Simple moving average. There are two bearish trend lines…
The frenzy around meme-based cryptocurrencies continues, with a new player stealing the headlines from PEPE coin. Milady is the latest entrant in this space, and its self-organized meme coin, LADYS, is based on an anime avatar non-fungible token (NFT) collection. In just 24 hours, the value of Milady’s LADYS coin surged by an astonishing 5,250%…
Bitcoin (BTC) and the U.S. Dollar Index (DXY) have been battling for supremacy in the financial world, with both assets vying for dominance in a zero-sum game. The recent volatility seen in the markets is a testament to the intensity of this battle. It is becoming increasingly clear that the outcome of this showdown will…
Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. The price is trading below $28,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near…
Bitcoin holders have been paying attention to the amount of BTC leaving crypto exchange platforms. Over the past week, the cryptocurrency’s liquidity has been moving, raising concerns about the stability of these venues and that marketmakers might be exiting the space. As the U.S. faces a banking crisis, crypto exchanges crumble, and uncertainty in the…
Bitcoin price may have resumed its bullish momentum, following a cooler than expected April 2023 CPI report. The Consumer Price Index, a key measure of inflation, fell to 4.9% – lower than the expected 5.0%. As a result, crypto prices are climbing. Bitcoin Price Reclaims $28,000 After April CPI Release The Bureau of Labor Statistics…
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…
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…