Cointelegraph By William Suberg
Bitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher.Next stop a $40,000 retest?Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued the rebound that began on Monday.At the time of writing, two breakthroughs...
Bitcoin (BTC) could still fall under $30,000, but some prominent sources are already calling the end of the latest bearish turn on BTC/USD.In a tweet on Jan. 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, eyed Bitcoin’s position relative to its 20-week moving average, noting that historically,...
Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500.Something of a V-shape recovery was also noticeable on other large-cap altcoins, including Binance Coin (BNB) and Solana (SOL)."The good part is that we're getting closer and closer to the...
Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers.Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more.BTC conspicuously attractive at current levelsAfter...
Bitcoin (BTC) set new multi-month lows on Jan. 24 as the new week began with some classic price behavior.“Rangeplay” for BTC after CME gap fillData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $32,967 on Bitstamp prior to the Wall Street open Monday.That level represented the start...
Bitcoin (BTC) has just reentered a key price zone, which has signaled the beginning of the end for bear phases, data confirms.In a tweet on Jan. 24, Charles Edwards, founder of crypto investment firm Capriole, flagged Bitcoin’s network value to transaction (NVT) ratio metric as it delivered a...
Bitcoin (BTC) is starting the final week of January in a place no one wanted but many warned about — a 50% drawdown from all-time highs.A flight to $34,000 means that BTC/USD is now down by half in just two months, and perhaps naturally, concerns are that the...
Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality."A bit more reliable than Bitcoin alone -> total market capitalization is at next level of support, while the daily RSI hits the...
Bitcoin (BTC) could well continue falling in the short term now that $40,000 support has disappeared, fresh analysis warns.In its latest market update on Friday, trading suite Decentrader analyst Filbfilb raised concerns that the day’s $290 million in liquidations was not enough to avert a fresh tumble.Next stop:...
Bitcoin (BTC) stayed lower on Friday after an overnight bout of volatility sent the largest cryptocurrency to six-month lows.
By: Cointelegraph By William Suberg
cointelegraph.com
