It seems like the price struggled to stay above the 23.6% Fib retracement level of the key decline from the $43,416 swing high from the $39,240 low. There is also a connecting bearish trend line forming with resistance near $40,250 on the hourly chart of the BTC/USD pair. It is close to the 50% Fib […]
At the time of writing, Bitcoin trades at $40,500 with a 1% loss in the last 24-hours and a 13% loss in the last week. As NewsBTC has been reporting, Hayes believes the current financial system supported by the “Petrodollar” has ended. This will lead to a bloody financial market coming May when the FED […]
Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Faced with the threat of further rate hikes by the US Federal Reserve, Bitcoin, along with stocks, is sliding to a monthly low. Within 24 hours, Coinglass reports that roughly $440 million has been liquidated across […]
There was also a clear move below the $40,000 support zone and a close below the 100 hourly simple moving average. An immediate resistance on the upside is near the $39,700 level. It is close to the 23.6% Fib retracement level of the recent decline from the $43,415 swing high from the $39,240 low. In […]
Bitcoin, the world’s most valuable cryptocurrency, is currently worth $811,832,005,365. BTC is currently grappling between the $42,076 support level and the $40,490 to $42,316 demand zone. 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 […]
Cryptocurrency prices deviated somewhat from the performance of the main equities markets, which were marginally positive. 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 […]
Bitcoin 2022 Miami is the world’s largest gathering of crypto intellectuals and entrepreneurs. Additionally, she noted that bitcoin, with a market capitalization of $830 billion, has seen a tenfold increase in liquidity. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. NewsBTC is a cryptocurrency […]
Data from Material Indicators records little support for BTC’s price as it moves in a tight range between $42,500 and $43,500. As the chart below shows, BTC had around $10 million in bids orders that were pulled as the crypto trended to the downside. The chart also shows how an entity places strategic asks orders […]
When the value of this ratio spikes up, it means whales now account for a high percentage of the total exchange inflows. As you can see in the above graph, the Bitcoin exchange whale ratio is at a high value right now. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis […]
The Galaxy Digital CEO who was recently at the Bitcoin 2022 conference held in Miami had spoken in favor of the cryptocurrency once more, highlighting the future potential of the digital asset. The Federal Reserve had been working non-stop with increasing interest rates and stuff but the billionaire notes that once the Fed begins to […]
Bitcoin price started a major decline from the $47,000 resistance zone. The price even broke the $45,000 support level and settled below the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the recent decline from the $46,845 swing high from the $42,904 low. The next resistance could be near […]
This was a result of an important resistance point that proved impossible for bitcoin to beat at the time. This is due to the fact that as the price grows, the resistance being mounted by bears at various levels becomes increasingly hard to beat. This point is pertinent for bitcoin to beat given that it […]
Bitcoin price made another attempt to gain momentum above the $47,000 resistance zone. There was a downside break below the $46,000 support level and the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the recent decline from the $46,845 swing high from the $45,048 low. The next resistance could […]
The relevant indicator here is the “exchange net position change,” which tells us the net amount of Bitcoin exiting or entering wallets of all exchanges. When the value of the indicator is positive, it means inflows are dominating the outflows right now, and a net amount of coins is moving into exchanges. On the other […]
These usually follow a trend either in a bull or a bear market and deviate when there is a change in the market. This recovery which had started on Monday had raged on through the week, seeing the digital asset finally break above $47,000 for the first time in three months. Glassnode Alerts posted a […]
It even climbed above the $46,500 level and the 100 hourly simple moving average. Besides, there was a break below a major breakout pattern with support near $46,400 on the hourly chart of the BTC/USD pair. Bitcoin price is now testing the 50% Fib retracement level of the upward wave from the $44,257 swing low […]
However, while some in the market lament this downtrend, it is important to look at what a correction like this might mean for the digital asset. Now, for the present market, this looks to be more of a good thing for the digital asset given where the price has landed. However, after building up so […]
Last year, in the same event, Mallers himself announced that El Salvador would make bitcoin legal tender. It all started with what appears to be a teaser for Mallers’ still-untitled “Announcement Keynote” at Bitcoin 2022. That’s not all, is he referencing the photo of Steve Jobs flipping the bird to an IBM building? That might […]
There was a move below the 23.6% Fib retracement level of the upward move from the $44,469 swing low $48,200 high. Bitcoin is now trading above $46,500 and the 100 hourly simple moving average. There is also a major breakout pattern forming with resistance near $47,700 on the hourly chart of the BTC/USD pair. The […]
As you can see in the above graph, the Bitcoin fear and greed index has sharply risen over the past week. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. …Read the full story