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The price of Bitcoin plummeted below $40,000 on Monday, while other cryptocurrencies saw losses, according to Coingecko data. BTC is trading extremely close to two long-term support levels but has not yet demonstrated any bullish reversal indicators. This comes as investors remain wary of the situation in Ukraine and the possibility of
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Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into opening longs, before plunging back below $40,000 in evening trading hours. Let's take a quick look at what traders think about the current price action and whether or not today's brief break out was nothing more than
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Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC.Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC.Terra buys the dip... againThe move comes after a multi-day lull in buying
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Bitcoin (BTC) is declining from overbought levels, although buyers could remain active around $43K support. Sellers could remain active into the Asia trading day until oversold signals appear on intraday charts. Source
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Bitcoin struggled to gain pace above the $48,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $46,000. Bitcoin gained pace above $47,500 and traded as high as $48,200. The price is trading above $46,500 and the 100 hourly simple moving average. There is a key breakout
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Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC misses out on "very bullish" daily closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping from a peak of $43,337 to lows of $41,779 on Bitstamp before
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Ethereum rallied above $2,700 against the US Dollar. ETH price is now consolidating near $2,800 and might start a short-term downside correction. Ethereum started a fresh increase above the $2,700 resistance level. The price is now trading above $2,700 and the 100 hourly simple moving average. There is a key bullish trend line
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Bitcoin rallied above the $42,000 resistance zone against the US Dollar. BTC is correcting gains, but it might find support near the $40,000 zone. Bitcoin extended rally and even traded above the $42,000 resistance zone. The price is trading above $40,000 and the 100 hourly simple moving average. There is a key bullish
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"With prices trading sideways in recent weeks, a relative equilibrium has been established," Glassnode, the crypto data firm, wrote in a blog post. "However, given the limited incoming fresh demand, this delicate balance can be disrupted by any significant degree of seller exhaustion, or conversely a re-invigoration of sellers." Original Source
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Ethereum found a strong support near the $2,300 zone against the US Dollar. ETH price is rising and might rally if it clears the $2,750 resistance zone. Ethereum started a major recovery wave from the $2,300 support zone. The price is now trading above $2,500 and the 100 hourly simple moving average. There
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