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“# Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech ” Bitcoin (BTC) price continued its downtrend Wednesday, ahead of testimony from Federal Reserve Chairman Jerome Powell. Spot BTC/USD exchange rate fell to its seventeen-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to…
“# Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K ” Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of…
“# Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch ” Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25%…
“# Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K ” Bitcoin (BTC) price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from…
“# Options traders aim for $100K Bitcoin by the end of 2021, is there a chance? ” Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors’ endless optimism and belief in infinite upside could be BTC’s decreasing issuance and…
“# Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’ ” On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in…
“# Bitcoin price is 3-4 weeks away from new $24K-$29K range, market analyst warns ” Popular cryptocurrency trader Keith Wareing warned Bitcoin (BTC) traders about a critical bearish scenario brewing in the market. The trader spotted Bitcoin inside an inverse cup and handle pattern earlier this month, a bearish structure that forms during a price wave…
“# FLOW faces 20% crash risk after intraday pump-and-dump ” FLOW prices slipped on Thursday as traders unwind their bullish bets from the lately bullish digital assets. The FLOW/USDT exchange rate lost up to 15.22% New York morning, a sharp reversal from Wednesday when the pair closed at a one-month high of $16.99 following a…
“# Bitcoin price at risk of $30K retest following bearish triangle breakdown ” Bitcoin’s (BTC) price looks poised to retest $30,000 as traders continued to pull back from upside bets on a spell of a bearish technical pattern. Dubbed as a Symmetrical Triangle, the structure forms when an asset fluctuates between two converging trendlines. In…
“# Are KuCoin Shares overvalued after KCS price gains 100% in one month? ” KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens. The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim…