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“# Bitcoin gears up for $47K assault — Can BTC price overcome make-or-break resistance? ” Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers vs. whales in the battle for $50,000 retest Data from Cointelegraph…
“# Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price ” Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a Golden…
“# Bitcoin bull run expected as ‘exhausted’ bears sell at a loss ” Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR)….
“# Bitcoin worth $2 billion moves for just $0.78 ” Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown what the purpose of this…
“# BTC price nears $46K with Bitcoin exchange reserves lower than November 2020 ” Bitcoin (BTC) preserved a higher low overnight on Sept. 14 in what one analyst believes may lead to sustained recovery. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Time for “inevitable” Bitcoin supply shock Data from Cointelegraph Markets Pro and TradingView…
“# Bitcoin price flirts with $40K, but derivatives data is still bullish ” The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite…
“# Price analysis 9/13: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI ” Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The U.S. equity markets witnessed profit-booking and…
“# Bitcoin tests key level for $40K BTC price dip as altcoins bleed ” Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin threatens loss of $44,000 “demand zone” Data from Cointelegraph Markets Pro…
“# Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What’s next? Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of…
“# Top 5 cryptocurrencies to watch this week: BTC, ALGO, ATOM, XTZ, EGLD ” Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average, which is considered as an important level by institutional investors attempting to decide whether the asset is bullish or bearish. Along with…