Bitcoin price has been in a downward move from the high of $42,898 as bulls attempt recovery. Conversely, if sellers break below the current support, Bitcoin will continue to fall as it is in the bearish trend zone. The retracement indicates that BTC will fall to level 1.272 Fibonacci extension or $39,013 price level. …Read […]
The Stochastic Oscillators are in the oversold region, moving in a consolidation manner to indicate that a falling force is yet to play out in exhaustion fully. …Read the full story
The central bank noted that there has been increased demand for international transactions since the implementation of martial law. Some banks in Ukraine have already adopted these changes and are restricting local crypto purchases. The new restrictions have raised concerns, given that the Ukrainian government had announced plans to create a legal framework for cryptocurrencies. […]
Yesterday, the bears pushed BTC/USD to the low of $39.789 as bulls bought the dips. Following the bearish impulse on April 11, buyers have failed to push Bitcoin to the previous highs. The market will decline to the low of $37,577 if sellers are successful and the bearish momentum is sustained. She admitted that the […]
Meanwhile, the Resistance level above $43,000 proves to be strong for bulls to break, as bears are now pushing the price per coin back down to retest support lower. Despite the risk of crossing below the 9-day moving average, that doesn’t necessarily mean a downtrend will begin, or that the greater bull market is immediately […]
Meanwhile, traders are not surprised by the selling pressure as bears are trying to drag the price below the 9-day and 21-day moving averages. According to the daily chart, the Bitcoin price is moving down with a loss of 1.64% at its current price of $40,698. Presently, BTC/USD is currently sliding below the moving averages, […]
Bitcoin Suisse has said that DeFi services have been launched in a pilot phase. “DeFi offers significant improvements over traditional financial services by being more open, more transparent, and more competitive,” said the CEO of Bitcoin Suisse, Dr Dirk Klee. Last month, Binance, a centralized exchange, announced the launch of a feature supporting access to […]
An ETF is a financial product that enables investors to track the price of Bitcoin without owning any coins. The Cosmos Bitcoin ETF provides indirect exposure to Bitcoin investments made using the Canadian Purpose Bitcoin ETF. The Betashares CRYP fund that invests in US shares was launched in November last year, and it garnered $10M […]
BTC/USD is currently holding above the $42,000 level as the coin prepares for another push higher. The trading is likely to cross above the 21-day moving average as the technical indicator Relative Strength Index prepares to cross above the 50-level. Looking at the daily chart, Bitcoin is likely to regain ground by moving the market […]
BTC/USD is seen pushing the market price above the potential resistance level of $41,000 as bulls need to keep the price above the 9-day moving average at the time of writing. Looking at the daily chart, the technical indicator Relative Strength Index prepares to cross above 50-level as the bulls appear to push the coin […]
At the time of writing, BTC/USD is hovering at $39,136 as the king coin stays below the 9-day and 21-day moving averages. Looking at the daily chart, the Bitcoin price is currently on the negative side, and the coin is ready to cross below the lower boundary of the channel. On the upside, a sustainable […]
Bitcoin’s price has begun a series of sideways moves as Bitcoin remains above $40K. Since April 11, the selling pressure of Bitcoin has subsided as it fell to a low of $39,223. Also, Bitcoin will resume an uptrend if price rebounds above the current support and breaks above the $41,500 high. According to a report, […]
BTC/USD drops with another loss of 0.45% today as the cryptocurrency falls beneath the 9-day moving average to reach the daily low at $40,005. However, a drop below the lower boundary of the channel could be detrimental to Bitcoin as it could lead the coin to reach the supports at $36,000, $34,000, and $32,000. At […]
The 14-day SMA indicator tightly moves over variant psychological points to the downside underneath the 50-day SMA indicator. …Read the full story
After China banned Bitcoin mining activities, Kazakhstan became the ideal location for migrating miners. Before this tax plan, Kazakhstan was a favourable location for miners because of providing cheap energy. Bitcoin miners in Kazakhstan are already complaining about the shifting regulatory framework. “A gradation is being considered: for example, up to $40,000 one tax, over […]
BTC/USD is moving sideways as the coin establishes a cross above $41,000 but currently rebounding to cross above the 9-day moving average. However, the daily chart reveals that if the king coin crosses above the 9-day MA, this will confirm the next direction that the coin will follow. At the time of writing, the technical […]
BTC/USD is dropping with another loss of 2.80% today as the cryptocurrency falls beneath the $40,000 support level to reach the daily low at $39,573. However, a drop below the lower boundary of the channel could be detrimental to Bitcoin as it could lead the first digital asset towards the supports at $36,000, $34,000, and […]
The king coin fails to cross above the $9-day moving average; it may likely see a sharp drop towards the lower boundary of the channel. A break above the previous level would have set Bitcoin up to retest the $42,000 level, but the technical indicator Relative Strength Index shows that BTC is heading to the […]
Last year, Tether stirred up controversy after revealing that it has bought a large amount of commercial paper, a form of short-term corporate debt. They can be used by locals for activities like buying public goods and services, as well as the payment of taxes. …Read the full story
BTC/USD is currently recovering from the $39,550 support zone as the Bitcoin price needs to cross above the 9-day and 21-day moving averages to keep the uptrend intact. As seen on the daily chart, the Bitcoin price is moving closer to the 9-day MA as the coin begins the new bullish movement with a new […]