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“# Price analysis 1/14: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE ” Bitcoin (BTC) and most major altcoins are facing selling at higher levels and buying on dips, indicating the possibility of a range formation. On-chain analysis firm Whalemap said that a “reclaim of $46,500 will look like a trend reversal,” for…
“# Bitcoin dips below $42K as new forecast says breakout ‘most probable outcome’ for BTC price ” Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying another dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around…
“# Analysts expect turbulent Bitcoin price until $46,500 flips to support ” Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range. Data…
“# Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report ” Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and…
“# Bitcoin sells off after $44K resistance tap, eliciting scrutiny from options traders ” Bitcoin (BTC) fell more than 2% from local highs during Jan. 13 in the latest move to keep market participants guessing about what’s to come for the largest digital asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “One step at a…
“# Topped or bottomed? Traders at odds over whether Bitcoin will keep rising ” Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as…
“# Institutional investment will boost Bitcoin to $75,000, says SEBA CEO ” The CEO of Switzerland-based financial institution SEBA Bank shared his predictions for Bitcoin (BTC) in 2022. A boon for BTC bulls, Guido Buehler was optimistic about institutional adoption and a price increase to $75,000 per coin. He explained in an interview that at SEBA, asset pools…
“# Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry ” Bitcoin (BTC) has bounced 11% from the $39,650 low hit on Jan. 10 and, currently, the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify…
“# Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’ ” A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000…
“# Price analysis 1/12: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE ” Bitcoin (BTC) and most major altcoins appear to have started a relief rally. Glassnode data suggests that Bitcoin addresses with a non-zero balance have risen to about 40 million, indicating increasing adoption by retail traders. Edelman Financial Engines founder Ric…