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Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTensions mount for TradFi markets openData from Cryptox Markets Pro and TradingView showed BTC/USD making several attempts to break out of
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The fear of missing out (FOMO) was at its peak as the price for Bitcoin rose above $40,000. The cryptocurrency started a nervous weekend at around $39,000 on Feb 26 after a one-day spike briefly noticed USD 40,000 return to fame just a day ago. After a day of high volatility,
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Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been
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The RSI on the weekly chart continues to rise from the most oversold level since March 2020, which preceded a strong price rally. Momentum signals are also improving on the weekly chart, which is constructive so long as support above $30,000-$40,000 holds. Original Source
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Bitcoin (BTC) is capped below the $46K resistance level after flat trading over the weekend. The cryptocurrency could stabilize around $35K-$40K support, although upside appears limited. Original Source
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Bitcoin (BTC) is in recovery mode as buyers maintain intraday support levels. Spot trading volume is starting to tick higher, albeit still below January highs, according to CryptoX data. That could keep buyers active toward $46K resistance. Source
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Bitcoin (BTC) is trading in a choppy range after the US inflation report. The cryptocurrency is up 2% over the past 24 hours and faces resistance at $46K, which could limit upside over the short-term. Original Source
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Tokens of the memecoin extended Monday's surge even as major cryptocurrencies showed small gains and losses. Source
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The intermediate-term outlook has become less bearish for BTC given the recent price bounce. That means buyers could remain active toward the next level of resistance of $45,000 to $47,000. At that point, a brief pullback is to be expected after retracing 38% of the prior downtrend. Source
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Bitcoin (BTC) buyers were active over the past 24 hours, pushing the cryptocurrency above $40K for the first time in two weeks. Buyers will need to make a decisive move above that level to confirm the start of a recovery phase. Significant upside could be limited as long-term momentum signals
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