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“# Bitcoin rejects at $34.5K as analysts reveal key resistance level to beat next ” Bitcoin (BTC) erased some of its gains on June 24 in a test of lower levels, which spooked already wary traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on $37,000 Data from Cointelegraph Markets Pro and TradingView showed…
“# 3 things traders are saying about Bitcoin and the state of the bull market ” Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the…
“# Data shows derivatives had little to do with Bitcoin’s drop to $29K ” After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful…
“# Price analysis 6/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation. Data from Skew suggests that if Bitcoin’s price does not recover sharply in the next few days, the decline in the current quarter could…
“# Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K ” Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model…
“# Senator Cynthia Lummis excited to buy the Bitcoin dip ” United States Senator Cynthia Lummis, a Republican from Wyoming, took advantage of a deeply discounted Bitcoin (BTC) price this week by adding to her holdings. In the wake of yet another major price correction for crypto assets, Lummis told Fox News Wednesday that she’s “excited…
“# Altcoins follow Bitcoin price’s lead as uncertainty grips crypto market ” Cryptocurrency investors all over the globe have been facing a challenging time for over a month thanks, in large part, to the unprecedented price drops that have happened across the board in relation to most prominent digital currencies available in the market. Since…
“# Bitcoin bounce from $28.8K activates century-old financial model’s bullish thesis ” A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency. Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating…
“# Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash ” Bitcoin (BTC) maintained $34,000 support on June 23 as a rebound from six-month lows showed surprising resilience. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see 2020 similarities Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Hodlers see opportunity in Bitcoin price crash, CoinShares exec says ” The downward trend in Bitcoin (BTC) price following the April all-time high might be worrying for first-time investors. Still, crypto strategist Meltem Demirors believes that most of the long-time holders are not selling, and this is a correction to weed out panic sellers. …