BTC’s price slowed down after showing so much strength as it rallied to a high of $21,000 but got rejected as the price rallied downward. BTC could suffer retracement as the price breaks below the crucial support area, holding the price off from sellers with hopes of a rebound. BTC’s price remains strong on the…
The Bitcoin price has been moving sideways over the past two days, but market participants expect volatility over today’s trading session. The U.S. Federal Reserve (Fed) will announce another interest rate hike during its Federal Open Market Committee (FOMC) meeting. At the time of writing, the Bitcoin price trades at $20,400 with sideways movement in…
Bitcoin price is currently consolidating below $20,650 against the US Dollar. BTC could start a fresh rally if it clears the 100 hourly SMA and then $20,650. Bitcoin is holding gains above the key $20,250 and $20,000 support levels. The price is trading below $20,650 and the 100 hourly simple moving average. There is a…
The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets. At the time of writing, the Bitcoin price trades at $20,500 with sideways movement in the last…
Though the crypto winter seems to be over, its impact on Bitcoin and the crypto market still lingers. Several crypto-related firms have gone down the drain over the pressure in the market. Some are still battling to stay afloat despite the forces’ influence while managing their operations. Most companies related to Bitcoin mining are getting…
According to a press release, payment company MoneyGram released a new Bitcoin and crypto service for its mobile app. The company lets U.S. customers purchase, sell, and hold digital assets on its platform. The service was launched with Coinme, a crypto exchange, and crypto service provider. MoneyGram and Coinme partnered in 2021. At that time,…
Many Crypto and Bitcoin mining firms have recorded huge losses in 2022 due to the ongoing bear market and extreme economic conditions. As a result, some have packed up, while others declared bankruptcy amid the crypto winter. However, not all the crypto firms got severely affected during the crisis. Some have managed to rise from…
In this episode of NewsBTC’s daily technical analysis videos, we examine Bitcoin price following the October monthly close and new November candle open. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 1, 2022 BTC Cost of Production On Par With 2018 Bear Market To start, we are looking at the…
Bitcoin price started a downside correction below $20,500 against the US Dollar. BTC could start a fresh surge if it clears the 100 hourly SMA and then $21,000. Bitcoin is recovering losses from the $20,250 support zone. The price is trading below $20,700 and the 100 hourly simple moving average. There is a major bearish…
Bitcoin price has been losing its strength over the last 24 hours. The coin has continued to face rejection at the $21,000 mark, causing the bulls to lose their momentum. Over the last 24 hours, the coin has lost 1% of its value, indicating that at the moment, BTC is consolidating on its chart. The…