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“# Glassnode: $47k showed strongest on-chain support since BTC broke $11k ” On-chain crypto analytics firm Glassnode has reported significant on-chain support was found for BTC at the roughly $47,000 level, describing the event as the largest on-chain support identified since Bitcoin broke above $11,000 in late 2020. According to a March 8 report from…
“# Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen ” Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not…
“# Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers ” Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According to data from crypto research firm Messari, Bitcoin’s real 24-hour trading volume is about $22.3 billion. To put this figure in context, Cointelegraph…
“# ‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate ” After a historic day in which the headlines could hardly keep up with price action and Bitcoin set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the…
“# Bitcoin price hits $21,569 as Dave Portnoy misses out on $160K ” The Bitcoin price passed $21,000 for the first time in history on Dec. 16, not long after the crypto asset broke the psychological $20,000 threshold. BTC/USD weekly chart. Source: Tradingview The recent rally to $21,569 on Coinbase at approximately 11:15 PM UTC,…
“# Gold bug says 2021 will be a big year for Bitcoin and Ethereum ” 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors. In a Monday interview with Kitco News, Holmes said he expects digital assets…
“# 3 reasons traders now expect Bitcoin hitting $13K before a new rally ” The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback. There are three main reasons why traders expect…
“# Why traders say $13,875 will be the next ‘logical’ Bitcoin price resistance ” The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons. First, Bitcoin peaked at $13,970 on Jun….
“# 3 reasons Bitcoin suddenly dropped 3% in 1 hour and recovered ” Three factors likely triggered a quick decline in the price of Bitcoin (BTC) on Oct. 25. First, traders pinpoint the $13,300 to $13,500 area as a major resistance range. Second, futures and options markets are neutralizing. Third, weekend trading is seemingly amplifying…
“# Ascending channel Bitcoin price breakout possible despite OKEx scandal ” Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back into a sideways range. Several rejections near $11,500 and the recent news of OKEx…