Thursday, January 27, 2022
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Bitcoin clings to $42K as key moving average break from July reappears

Bitcoin (BTC) consolidated above $42,000 prior to Wall Street's opening bell on Jan. 7 as more similarities to last year's lows emerged.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC "very closely" mimicking May behaviorData from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000

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Bitcoin’s $6.1 billion options expiry was not enough to break the bearish sentiment

Bitcoin's (BTC) price has been ranging between $46,000 and $52,000 for 26 days. Despite the large nominal $6.1 billion year-end options expiry, the bullish and bearish instruments were evenly balanced between $44,000 and $49,000.Therefore, it was no surprise that the $47,175 price at 8:00 am UTC on Dec. 31 brought

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Bitcoin Still Trading in Bullish Channel Despite Price Support Break: Analysts

Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting

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Bitcoin only needs to break $64K to run to new all-time highs — analyst

Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView"So near yet so far" for BTC price all-time highData from Cointelegraph Markets Pro and TradingView showed BTC/USD drawing little attention as it tracked sideways

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