Sunday, March 26, 2023
Home > Analysis

Bitcoin price enters ‘transitional phase’ according to BTC on-chain analysis

The hopeful optimism of Bitcoin (BTC) traders seemed to dissipate in the first week of March as key on-chain metrics provided resistance.Now Bitcoin price is threatening a retest of the $22,000 level and a wave of short sellers would stand to profit if that occurred. If the short sellers’ strike

Read More

Bitcoin price would retest $25K without Silvergate saga — analysis

Bitcoin (BTC) stayed lower into the weekend as ongoing problems at Silvergate bank pressured markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBad news holds Bitcoin backData from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering at around $22,350 on March 4.The pair had managed to avoid further losses after the initial shock

Read More

BTC price needs to close February above 50-month trend line — analysis

Bitcoin (BTC) faced a showdown with a key trend line on Feb. 28 as the monthly close finally arrived.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin "doesn't feel bullish" into February closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling an area around $23,500 at the Wall Street open.With United

Read More