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Bitcoin (BTC) eyed key resistance near $25,000 on March 14 as markets awaited key economic data from the United States.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewHopes CPI will bring Bitcoin "consolidation"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making monthly highs of $24,917 on Bitstamp overnight.The pair remained buoyant
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Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$19,000 BTC price is "breakdown target"Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it clung to $22,400 at the time of
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But the question is, what does this mean for the price of bitcoin? On one hand, a collision between a large group of stalwart HODLers and a new, growing group of retail users is, in, theory, bullish for the price of bitcoin. Others, however, aren’t so sure. Source
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After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000. The downtrend is even more concerning since the S&P 500
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Bitcoin (BTC) ticked above $22,000 after the Feb. 14 Wall Street open as crucial United States inflation data delivered “mixed” results.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price hits 5-day highs on CPIData from Cryptox Markets Pro and TradingView followed BTC/USD as it tested multi-week lows twice on hourly timeframes
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Traders are closely watching the pace of inflation, which remains elevated, but has been slowing for several months. While a continued slowdown could give the U.S. Federal Reserve the space to perhaps pause its rate hike cycle, this morning's report suggests more work needs to be done. Source
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Bitcoin (BTC) saw ongoing rejection below $22,000 into Feb. 14 as markets braced for macroeconomic data impact.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin vs. CPI: "Expect volatility"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to expand beyond $21,800 ahead of the United States Consumer Price Index (CPI) print
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"Wages have decelerated in all meaningful forward-looking gauges, while housing is printing at extremes relative to reality in the CPI, meaning that we see a larger downside risk/reward in core relative to headline," Larsen noted, while forecasting positive contributions from energy component, prices for goods, including used cars, and fatigue
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Bitcoin (BTC) could face a retest of $20,000 and the United States fail its plans for a “soft landing” on inflation, new analysis says.In a YouTube update on Feb. 5, Cryptox contributor Michaël van de Poppe, founder and CEO of trading firm Eight, warned that the tide is due to
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Bitcoin whales significantly contributed to the recent rally above $19K. Bitcoin price gained over 3 percent on Thursday and briefly traded above $19K for the first time in eight weeks. Having broken above December highs of around $18,353, the mother coin exchanged about $18,836 during the early Asian
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