Bitcoin had been on a downtrend for the past few weeks, the coin, however, started to show an uptrend over the past 48 hours. The global cryptocurrency market cap stood at $2.03 Trillion after a positive change of 0.5% over the last 24 hours. In the last week, Bitcoin had lost its value considerably however […]
While the word “boring” may sound bad to investors who are used to these characteristics, Director of Global Macro at Fidelity, Jurrien Timmer, explains why this could inherently be a good thing for the digital asset. In his recent Twitter thread, Timmer explained that a “boring” bitcoin is important if institutional adoption is to be […]
The price even spiked below the $41,000 level, but it found support near the $40,900 level. Bitcoin climbed above the 50% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low. The 61.8% Fib retracement level of the recent decline from the $42,235 swing high to $40,900 low is also […]
As this fourth halving draws close, we take a look at how this affects the supply of BTC and in turn, the value of the cryptocurrency. The bitcoin halving is scheduled to happen every 210,000 blocks and the estimate for the next halving is put at May 4th, 2024, going by the current rate at […]
Volatility remains one of the characteristics of Bitcoin that could easily change the holding stance of investors. Bitcoin has been on a dipping move as it gets to its monthly low of $39,000 within some days of hitting the $40,000 mark. According to Woo, the 37K – 40K mark stands as the BTC price range […]
Bitcoin extended its recovery above the $41,400 against the US Dollar. It even spiked above the $41,500 resistance and settled above the 100 hourly simple moving average. Bitcoin is trading well above the 23.6% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. To start a strong upward move, […]
Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The current price action seems to be trending upwards in volatility after […]
The masses are bearish on Bitcoin. If you ask around, most people will explain with certainty the several reasons they have for why Bitcoin is destined for sub-$30,000. The cryptocurrency became a household name in late 2017 due to its parabolic rally that eventually broke down and took the price per cryptocurrency back to $3,200. […]
There was a break above a major bearish trend line with resistance near $40,220 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $40,000 and the 100 hourly simple moving average. It is testing the 23.6% Fib retracement level of the recent increase from the $38,570 swing low to $41,334 high. […]
On the other hand, low outflow values suggest there isn’t much buying going in the market right now. This suggests that whales may have jumped at the opportunity to accumulate more coins. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. …Read the […]
Rejected once again as it attempted to reclaim the $40,000 area, Bitcoin trades just north of $39,000. In higher timeframes, Bitcoin seems trapped between the low $30,000s and the high $60,000s. In that sense, Martinez advised traders to stay cautious as Bitcoin rarely does what the majority expects. The benchmark crypto then proceeded to move […]
Miners also have another 108,160 blocks left until halving happens on or around May 3rd, 2024, which could bring some significant profits if prices keep going up. Bitcoin saw a significant reduction in the difficulty adjustment algorithm on March 7, 2021. Two weeks ago, the difficulty was 28.59 trillion, and today with this decrease, the […]
Bitcoin sank to an intraday low of $39,714.69 on Friday, following a late surge above Wednesday’s critical resistance level of $41,500. 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 […]
There is no denying that Bitcoin has been ripped to shreds by bears over the last several months after setting a new all-time high in November last year. Months ago, the term “few” was thrown around by the crypto community because not enough people understood the potential of what Bitcoin could do for them financially. […]
The price declined below the 50% Fib retracement level of the recent increase from the $39,269 swing low to $41,548 high. Besides, there was a break below a key bullish trend line with support near $40,400 on the hourly chart of the BTC/USD pair. It also spiked below the 76.4% Fib retracement level of the […]
The price action was, however, dampened too soon as the coin after registering a hike of 7%, dipped by 4% at the time of writing. Bitcoin was trading for $40,030 at the time of writing, peeking slightly over the $40,000 mark. At press time, however, the asset was trading below the aforementioned resistance mark. A […]
When the value of the Bitcoin SOPR is less than one, it means investors are, on an average, selling at a loss at the moment. As you can see in the above graph, the Bitcoin STH SOPR has broken above one once again over the last few days. But also, because of it being a […]
There was a move above the 23.6% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low. The 50% Fib retracement level of the main drop from the $43,415 swing high from the $39,240 low is also near the $41,350 zone. In the stated case, the price may perhaps […]
After holding above the $40k level for almost a month, Bitcoin seems to have once again declined below the level. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. …Read the full story
It has led to a lot of profit-taking on the part of investors that want to avoid incurring more losses in the long term. Bitcoin slid down below $40,000 at the start of the week and brought with it a wave of long liquidations. In total, there was $658.2 million worth of inflows and outflows […]