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“# Analysts still ‘bullish on April’ despite Bitcoin price drop to $54K ” On March 23 bears managed to push the price of Bitcoin (BTC) below the $54,000 support level as various on-chain data suggests that whale wallets have begun slowing down purchases and are transferring the risk to retail investors. Data from Cointelegraph Markets…
“# This clever Bitcoin options strategy brings pro BTC traders big profits ” Bitcoin’s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month….
“# Bitcoin made me a ‘ton of money’ unlike stocks and gold — Jim Cramer ” CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.” In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to…
“# Bitcoin’s lower lows worry traders — But is the BTC bull market really in danger? ” Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and…
“# Bitcoin may ‘take out’ previous $53K lows before bulls regain control, says trader ” Bitcoin (BTC) dropped to its lowest in two weeks on March 23 amid fears that bulls were running out of appetite to buy. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price bounces at $53,000 Data from Cointelegraph Markets Pro…
“# Streaming tokens surge as Bitcoin price drops to the $54,000 support ” Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.” Data from Cointelegraph…
“# 3 reasons why Bitcoin traders keep a close eye on the futures funding rate ” Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion…
“# Price analysis 3/22: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA ” The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey’s President Erdogan fired central bank governor Naci Agbal. This resulted in a massive spike in Bitcoin (BTC) searches in Turkey as investors sought…
“# Bitcoin is ‘more a substitute for gold than the dollar’ — Fed Chair Powell ” While Bitcoin (BTC) is too volatile to be money and “backed by nothing,” it could be a “substitute for gold,” says the Chair of the United States Federal Reserve. Speaking at an event hosted by the Bank for International…
“# Bitcoin uptrend not over: Big whales aren’t selling BTC, data shows ” The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity. Since the Bitcoin rally began to accelerate in…