The current Bitcoin price is trading at $35,536, officially confirming a correction in the downward trend. The convergence of Moving Average Convergence Divergence (MACD) indicators shows bars extending below the 0 line, and the MACD line moving below the signal line, signaling the intersection in the official downtrend. The intensifying downward trend causes...
Bitcoin hits $37,900 for the first time in a year and a half, driven by expectations of U.S. regulatory approval for a Bitcoin spot exchange-traded fund (ETF). Trader sentiment improves as the U.S. Securities and Exchange Commission (SEC) reviews 12 Bitcoin ETF applications. At the time of writing, Bitcoin is trading at $36,683 on Binance. The market-leading...
The global cryptocurrency market, valued at $1.33 trillion, saw overall growth of 0.46% last Wednesday, with altcoins gaining despite the value of Bitcoin falling slightly lower. $34,867.03 remaining. This is a significant divergence from Bitcoin's record high of $69,000 at the end of 2021. Total crypto market volume over the past 24 hours increased 3.40% to...
On Thursday, Bitcoin resumed trading around $34,316 before bouncing back to approximately $34,860. The leading cryptocurrency appears to be trading within a descending channel pattern on the 60-minute chart. The late recovery on Thursday aided BTC/USD in rebounding above the 100-hour Moving Average. Consequently, Bitcoin avoided entering oversold territory as per...
Bitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven...
Bitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven...
Technical Analysis: Micro Outlook for Bitcoin Since testing the $33,901 support level, Bitcoin seeks to maintain its upward momentum, supported by the price trends surrounding spot BTC ETFs. While the next major ETF news may take some time, Bitcoin faces decisions from the US Federal Reserve regarding interest rates and the release of non-farm payroll data in the...
Hello Traders. Hope you are having a fantastic day. As you can see BTC has finished the correction in triangle with ABCDE waves and broke out. It made a higher highs and higher lows. As long as we keep 26K we are bullish. We might test 26.8-27K areas again in the near future. However the perspective is bullish. Comment down what you think.
At the time of writing, the Bitcoin price stands at $34,765, showing strong potential for further gains. It currently resides in the mid-range of the market, measured between the yearly low of $16,542 and the high of the year at $35,184. The leading cryptocurrency has doubled its value since the closing price on December 31, which was $16,542. It has surpassed...
Cryptocurrency markets fell in value on Monday, mainly due to Bitcoin's failure to break above $28,300. The cause of this economic slowdown is believed to be concerns about rent-seeking practices and Federal Reserve policy. Its impact was felt across various meme coins including DOGE, SHIB, FLOKI, and PEPE Coin listed on the Binance exchange. Despite the overall...
Comrades, in the 4-hour time frame, Bitcoin is moving towards the supply area in the form of cp. I think it will reach the area in 1-3 weeks and dump from there. The maximum target is $29,700 and they will probably move from there to the following targets $28,588 $27715 $26,850 $25,250
Comrades, Bitcoin is suffering between $28,500 and $27,150. This analysis is in a one-hour time frame and only gives you a view of a maximum of two days. Well, in this area, you can short in the upper areas and long in the lower areas with specific stops and targets Now, if one of the areas is broken, it can move in that direction. I think it will probably break...
Market capitalization is currently at 539 billion USD. However, the trading volume in the past 24 hours only reached 10.4 billion USD, down about 8% compared to the previous trading session. In addition, on the Binance tracking tool, the prices of other virtual currencies witnessed notable fluctuations such as Ethereum price decreased by 0.57% at 1,638 USD; BNB...
Bitcoin, the kingpin of cryptocurrencies, has recently weathered a storm, slipping below the crucial yellow support line. This descent has left many, myself included, bearish on BTC's future, speculating a downtrend possibly stretching into 2023. Following the initial plunge, Bitcoin astoundingly managed a significant recovery, clawing back a substantial part of...
Bitcoin finds itself trapped within the $27,000 to $28,000 range, with a persistent downtrend threatening to push the cryptocurrency towards crucial support levels at $25,762 and possibly as low as $20,431. This situation, occurring on a Friday, underscores the market's increasing unpredictability, exacerbated by liquidity pockets and ongoing consolidation within...
The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected. It is predicted that BTC will continue sideways waiting for new moves from investors
This dump may confuse many people, as the picture is now very bearish. but I am positive (they will drop early shorts and late longs for 25,000). remember that this is not financial advice, just my opinion))
Large Bitcoin investors, often known as sharks and whales, have been accumulating the leading cryptocurrency at an unprecedented rate this year. They now control the highest amount of Bitcoin in 2023, approximately 13.03 million coins, which represents over 66% of Bitcoin's circulating supply, according to data from the behavior analytics platform Santiment. This...