A high was formed near $31,725 and the price started a fresh decline. Besides, there was a break below a key bullish trend line with support near $30,500 on the hourly chart of the BTC/USD pair. It is near the 23.6% Fib retracement level of the recent decline from the $31,725 swing high to $29,300 […]
Most recently, the reserve of this investor group has observed a sharp increase in the last few weeks, suggesting that they have been buying. However, there could also be another way to look at this. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other […]
A base was formed near $29,350 and the price started a fresh increase. Besides, there was a break above a major bearish trend line with resistance near $29,700 on the hourly chart of the BTC/USD pair. It is near the 61.8% Fib retracement level of the key decline from the $32,400 swing high to $29,255 […]
When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. …Read the full story
The best risk-on asset in the past decade, Bitcoin, is in a process of transition. This process is painful as crypto investors can confirm but could take the benchmark crypto to new highs. In that sense, McGlone argued that Bitcoin and other cryptocurrencies must face the biggest losses as they recorded the largest gains. On […]
This move had garnered a lot of interest from investors in the space who have been looking forward to taking advantage of this unique opportunity. It has started to irk some in the space because this is not the first time that the country would be postponing the launch of its infamous Vulcano Bonds, also […]
No action in the crypto market as Bitcoin still trades around the $29,000 to $30,000 area. The “Black Swan” event has preceded one of the worst periods for the space as Bitcoin and Ethereum recorded record consecutive losses. According to a pseudonym trader, Bitcoin could be ready to re-test the lows at $29,000 before resuming […]
The price formed a base near $29,350 and started a recovery wave. The price climbed above the 23.6% Fib retracement level of the recent decline from the $32,400 swing high to $29,328 low. Bitcoin price is now trading below the $31,000 level and the 100 hourly simple moving average. The trend line is close to […]
Due to a high cash flow, these miners could afford to hold on to a good portion of their rewards while being able to still carry out their operations. With the turn of the market and bitcoin now trading below $29,000, it has become harder for miners to hold on to these coins without compromising […]
More importantly, there was a break below a key bullish trend line with support near $31,750 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below the $30,000 level and the 100 hourly simple moving average. A clear move above the $30,400 resistance level could start another increase. If bitcoin fails […]
Bitcoin started a strong decline below the $37,500 support against the US Dollar. Bitcoin price struggled to stay above the $36,000 support zone and extended downsides. The price even traded below the $34,000 level and traded to a new multi-week low at $33,700. The trend line is near the 23.6% Fib retracement level of the […]
This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST. Before Terra had begun its bitcoin buying spree, there have been other corporate bodies that had already made the plunge to do so. With its […]
In addition, Ethereum’s rivals Solana, Cardano, and Avalanche, have reduced by around 3%, while Ripple’s XRP and Terra’s luna lead the significant crypto markets lower. The markets were thrown into chaos on Wednesday after the Federal Reserve announced that they would be hiking their interest rates. economy could go into recession because of the interest […]
From these trends, it seems like the only investors that took part in the selling yesterday were the short-term holders, who are generally the more fickle ones. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. …Read the full story
BTC formed a high near $40,029 and started a fresh decline. There was a break below a key bullish trend line with support near $39,250 on the hourly chart of the BTC/USD pair. On the upside, bitcoin price is now facing resistance near the $36,500 level. The 23.6% Fib retracement level of the downward move […]
They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. The market is still reeling from entering a new month but the effects of the month of April continue to linger. This, in turn, had caused the total asset under management of […]
There was a break above a major bearish trend line with resistance near $38,475 on the hourly chart of the BTC/USD pair. A high is formed near $40,029 and the price is now consolidating gains. On the upside, bitcoin price is now facing resistance near the $40,000 level. If bitcoin fails to clear the $40,000 […]
With the price of bitcoin still trading below $40,000, institutional inflows into the digital asset have slowed significantly. For the past couple of weeks, the rate at which institutional investors have been pulling money out of bitcoin has been on an accelerated timeline. In the space of a week alone, bitcoin had seen the majority […]
After its third-largest weekly fall in over a year, the Bitcoin price has finally began to rise. In a tweet on May 4, on-chain data provider Santiment published historical data showing a 20% rally as a result of BTC transactions is negative at the same levels between February 16 and 22. A prominent crypto trader, […]
While the crypto market is now bearish, another crash is improbable, at least until the FOMC meeting concludes. Brandt stated in a tweet that Bitcoin has completed a bearish course, plunging below the $38K level in the last 24 hours. When not on his computer, he unwinds with a bottle of beer and laughs with […]