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In crypto markets, most alternative cryptocurrencies (altcoins) outperformed bitcoin, suggesting that traders are still comfortable with risk, albeit less so relative to last week. BTC was roughly flat over the past 24 hours, compared with a 1% gain in ether (ETH), and a 7% rise in Algorand's ALGO token. Source
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March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cryptox Markets Pro and TradingView shows that after holding $41,000 in
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The relative strength index (RSI) on the daily chart is rising from extreme oversold levels, which could keep buyers active this week. On the weekly chart, the RSI is approaching oversold territory, similar to July 2021, which preceded a strong price rally. Source
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"Still a lack of large buyers, or what we refer to as "whales" on-chain. This looks at entities with over 1,000 BTC and then filters out exchanges," William Clemente, the author of Blockware Intelligence newsletter, said in the latest weekly edition published Friday. Source
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Solana (SOL) price may fall to $70 a token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline.The chart below shows that SOL price rallied to nearly $217 in September 2021, dropped to a support level near $134
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Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView.Open interest "still not flushed"Data from Cryptox Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the
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Bitcoin (BTC) remains in a two-month long downtrend, defined by a series of lower price highs.The cryptocurrency was down about 9% over the past week as upside momentum continued to slow.There is minor support around $40,000, which could stabilize the current pullback. However, upside appears limited around the $45,000 resistance
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Bitcoin (BTC) continues to hold support above $46,000, which is near its 200-day moving average. The cryptocurrency could see a brief price bounce toward $55,000 if buyers react to oversold signals on the charts.BTC was changing hands around $47,900 at press time and has traded in a tight trading range
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Bitcoin (BTC) is holding support at above $40,000, which could stabilize the pullback and encourage short-term buyers to return. But upside appears to be limited, given strong resistance at around $47,000-$50,000.The cryptocurrency was trading at about $42,000 at press time and is down 2% over the past 24 hours.The relative
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Bitcoin has continued to show tremendous gains lately in the market. The weekend saw the price of the digital asset shooting up above $42,000 for the first time in over a month, seeing continuous green daily closes for nine days straight for the first time in ten years. Following this has
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