Cointelegraph By William Suberg
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
Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever.Data from on-chain monitoring resources including Glassnode and BTC.com confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high.Difficulty passes 26 trillion...
Bitcoin (BTC) hovered near $43,000 on Jan. 17 as "boring" price action combined with signs that the market could be stabilizing.Leverage comes off all-time highsData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying firmly within its established trading range between $40,000 and $45,000.With few surprises expected thanks to...
The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.As noted by popular Twitter account @venturefounder on Jan. 14, even at $42,000, the BTC/USD trading pair is around 20% above miners' cost...
Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome.Buying another dipData from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours on Jan. 14.The pair had topped $44,450 on Bitstamp before the retracement kicked in, this...