Cointelegraph By William Suberg
Bitcoin (BTC) consolidated above $42,000 prior to Wall Street's opening bell on Jan. 7 as more similarities to last year's lows emerged.BTC "very closely" mimicking May behaviorData from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support.Earlier, after briefly falling...
Bitcoin (BTC) briefly touched $43,000 prior to Wall Street opening on Jan. 6 as new market analysis offered bad news for bears. Responding, fellow trader Pentoshi, who has adopted a conspicuously cool perspective on Bitcoin's cycle future since November, warned that it was not just a matter of order...
A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash.As noted by popular analysts on Jan. 5, Bitcoin’s relative strength index (RSI) is printing a “hidden bullish divergence” on monthly timeframes — and if it plays out, they...
Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a "squeeze" to trigger fresh volatility.
By: Cointelegraph By William Suberg
cointelegraph.com
Bitcoin (BTC) is in line for "explosive" price action as derivatives markets return to form in 2022, a new forecast states.In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.Open...
Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start.Never mind the bearish divergenceAmong Bitcoin-focused analysts, meanwhile, TechDev led calls to quash bearishness, arguing that on-chain indicators do not support a bearish thesis.Related: New year, same ‘extreme...
Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000.After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be...
Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.Staying cool on holiday volatilityOn shorter timeframes, thin holiday liquidity could provide another reason to discard price dips like the one...
Bitcoin (BTC) chipped away at its latest gains on Dec. 31 as the final trading session of 2021 opened on Wall St.
By: Cointelegraph By William Suberg
cointelegraph.com
Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF).As noted by markets commentator Holger Zschaepitz on Dec. 29, the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly...