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Bitcoin (BTC) may not be good value enough for a macro price bottom, according to analysis from CryptoQuant.In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further to fall.Profitability indicator lacks key crossAt nearly 80% below all-time highs, BTC/USD
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In a CryptoX TV First Mover interview, Martin Leinweber, digital asset product strategist at Market Vector Indexes, noted bitcoin's strength relative to other cryptos. "If you look at the coins that demonstrate relative strength, which means coins that fell the least amount from the all-time high, you will notice names
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Bitcoin (BTC) upped the volatility into the weekly close on March 13 as markets braced for geopolitical and macro economic cues.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewLong-awaited Fed action set to come this weekData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it again came close to testing $38,000 support
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●Bitcoin (BTC): $41895, −4.40% ●Ether (ETH): $2798, −5.15% ●S&P 500 daily close: $4363, −0.53% ●Gold: $1941 per troy ounce, +1.05% ●Ten-year Treasury yield daily close: 1.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);
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Bitcoin (BTC) has traded in a sideways range over the past week, although buyers continued to hold support at around $40,000. The next level of resistance is between $43,000 and $45,000, which could limit short-term price gains.BTC is roughly flat over the past 24 hours, as most technical indicators remain
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Immediate support is seen at the 200-day moving average (around $46,700), which is also the bottom of a weeklong price range. Given negative momentum signals, however, bitcoin is at risk of breaking below support, which could damage the intermediate-term trend. Source
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Good morning, Here’s what’s happening this morning:Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop.Technician’s take: Short-term upside appears to be limited given the loss of positive momentum.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $64,514
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Bitcoin (BTC) headed lower on Aug. 5 after an attempt to reclaim $40,000 failed to garner buyer support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAccumulation recalls October 2020Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows of $38,700 on Bitstamp, down around 1.5% in several hours.The largest cryptocurrency
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