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Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts.BTC/USD 1-hour chart. Source: TradingViewBTC price 200-week EMA stands out as supportData from Cointelegraph Markets Pro and TradingView followed a BTC price uptick into the day’s Wall Street open.BTC/USD managed $26,226, marking its
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Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets.After an impressive monthly close, momentum appears to be waning for Bitcoin's latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls.Volatility was cool as August
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Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.Data from Cointelegraph Markets Pro and TradingView shows that after
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After this week’s flash crash in Bitcoin and altcoins, sentiment is back to being bearish just like that. Bears are taking an “I told ya so” tone all over social media, pointing to early 2018’s “dead cat bounce” as evidence of the bear market to come. But according to a pitchfork
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The price of Bitcoin (BTC) is consolidating between $55,000 and $56,000 following the rejection at $61,000. Whale clusters suggest that one key level has to be defended to prevent a drop to the mid-$40,000 region. According to the data from Whalemap, which tracks Bitcoin whale activity, $55,406 is a critical whale
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The price of Bitcoin (BTC) has started to recover on Dec. 12 after briefly dropping below $17,700 yesterday. Whale clusters show that the $18,600 level remains the biggest short-term roadblock for BTC.Whale clusters form at a price point where whales accumulate Bitcoin and do not move their holdings. Since whales
Read MoreAccording to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas.In previous cycles, whale activity coincided with significant price movements at crucial technical levels.
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In the medium term, technical analysts and traders believe Bitcoin (BTC) is headed for an extended uptrend. For
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