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“# Bitcoin bulls must now defend $33K support after 5% daily loss ” Bitcoin (BTC) faced fresh losses on July 1 as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No price breakout for Bitcoin Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline…
“# Here’s why pro traders expect further downside from Ethereum price ” Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected…
“# 3 key areas traders are watching as Bitcoin’s monthly close occurs ” Bitcoin’s (BTC) whipsaw volatility has been on full display throughout June, leaving traders confused and in search of the latest technical indicator or major news announcement that might provide some hint at which way the price will move. As the month of June comes…
“# Price analysis 6/30: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin price staged a mild resurgence at the start of this week but data from Glassnode suggests that its new BTC investors who came late to the party and are dumping their positions in a panic. This transfer of crypto assets…
“# Gold outshines Bitcoin in Q2 even after posting its worst month since 2016 ” Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021. An ounce of gold has surged from $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over…
“# Coincidence? Bitcoin saw its highs and lows on ‘Turnaround Tuesdays’ in June ” Bitcoin (BTC) is printing a new price indicator this month — and it may not involve anything more than the day of the week. In its latest Telegram market update on June 30, crypto trading firm QCP Capital revealed its “Turnaround…
“# Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come ” Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day…
“# Institutional investors aren’t buying Bitcoin at 50% of all-time highs …for now ” Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000. According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred in recent weeks. Institutional demand “still low,” says analyst Despite…
“# Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery ” On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the…
“# Altcoins bag double-digit gains as Bitcoin price approaches $37,000 ” Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back…