BTC has managed to revive above 23,000 dollars after dropping that level below the beginning of the week due to long investors who witnessed their position change. However, the benchmark digital asset remains highly volatile, with bearish and bullish markets struggling to control the 23,000 dollar value point. According to the Binance chart o the … Read more
Yesterday’s Market Outlook The initial two weeks of 2023 have seen the market adopting the stance it maintained during most of 2022’s fourth quarter. Meantime, the United States dollar re-launched its retreat as risk assets exhibit a bullish strength. That came after economic data and inflation confirmed further slowdowns. Nonetheless, the previous week saw mixed … Read more
A noteworthy week sees Bitcoin in a recovery mood, and the bellwether crypto even exceeded the $20K level. Moreover, the total cryptocurrency market capitalization surpassed $1 trillion. Let us dig out what the market had over the past seven days. Bitcoin (BTC) Bitcoin overcame a massive trendline on Sunday following seven 24hr green bars that … Read more
BTC stretched its surges past the $17.5K and $18K resistance marks. Bitcoin trades beyond $18K and the 100 1hr Simple Moving Average. The 1hr chart shows a notable bullish trend emerging with footing near $17.4K (Kraken stats). BTC/USD might continue uptrends toward the resistance of $19K. Bitcoin price continued its upside strides and climbed past … Read more
Cryptocurrency companies continue to struggle in 2023’s first week, with businesses announcing notable layoffs and bankruptcy. So let us check what the year has had for the crypto space within the past seven days. Bitcoin (BTC) The distressing Texas winter storm in December last year forced BTC miners to return nearly 1.5K megawatts of power … Read more
Early into 2023, we want to assess the current state of BTC’s volatility and volume following the latest capitulation wave. These dynamics surfaced in October last year when the asset confirmed severely low volume and faded volatility phase in Bitcoin price, triggering worries of an impending downside leg, which emerged early in November. Once again, … Read more
Bitcoin lost around 0.47% on Wednesday to close at $16,845. Profit-taking following Tuesday’s bullish session left Bitcoin in the red, with investor focus switching to SBF’s U.S. extradition. The Fear and Greed Index climbed to 28/100 from 26/100 despite BTC’s failure to reclaim $17K. Wednesday’s session saw Bitcoin losing 0.47% to reverse Tuesday’s 2.90% partially. … Read more
BTC price kick-starts upsides from the falling wedge’s lower trend line following a 5-month stagnation. Transaction data confirms $20,242 as the next obstacle, where around 5.2M addresses hold approximately 2.56 million Bitcoin at a loss. Flipping support at $15,551 into resistance would invalidate the bullish case. Bitcoin price displays a lucrative start of an upward … Read more
The cryptocurrency market saw a slight recovery today, with the global market capitalization gaining 0.08% to $854.54 billion during this publication. Meanwhile, the past 24hrs had the cryptocurrency market volume at $35.30 billion, indicating a 7.14% decline. Meantime, the world’s leading digital coins, Bitcoin and Ethereum, noted slight gains of 0.13% & 0.14% to $17,033 … Read more
The leading crypto exchange FTX & its sister trading company Alameda Research filed for bankruptcy on 11 November. That came a week (7 November) after the founder of these companies, Sam Bankman-Fried, tweeted that FTX and investor assets were unbothered. Meanwhile, experts are still uncovering how the renowned exchange and its sister cryptocurrency firm fell. … Read more
