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Bitcoin price was able to clear the $17,000 resistance. BTC is consolidating gains and might remain supported above the $16,750 level. Bitcoin gained pace and cleared the $16,800 and $17,000 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There is a key bullish trend line forming
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After surging to as high as $20.9k, Bitcoin has today observed a slight decline back into the low $20k levels as a
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Over time, the crypto market has strongly correlated with US equities, and Bitcoin has indicated a significant correlation with S&P 500 index.
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Bitcoin price is consolidating near the $19,000 level against the US Dollar. BTC seems to be forming a short-term bullish pattern and
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The raging inflation and the Federal Reserve’s approach to fighting it have seemingly affected the crypto market negatively. The first sell-off trend started when the Feds announced an interest rate hike in July 2022. Even though the Terra Luna crash worsened the situation, the market was already on the brink
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FLOW, a blockchain-powered coin, is back in its element. FLOW price plunged by 4.00% Network releases MetaplierFlow gave rise to collaboration with CelerNetwork Coin performance may not attract short-term traders Even though the network may not currently be experiencing a strong bull run, it does appear to be focused on giving consumers who access
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Bitcoin price (BTC) is grappling to maintain the level above $23,500. BTC trying to crawl above $23,500 on August 18 Bulls’ aggression ebbing Immense selling pressure this week could invalidate the prevailing bearish price trend The king of crypto tries to keep the uptrend consistent which has peaked for over two months. Bulls Losing Their
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Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million
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A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15 points out that short-term holders (STHs) have
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On-chain data shows the Bitcoin short-term holder SOPR is approaching the “breakeven” value, a point that has acted as resistance for the crypto’s price in the past. Bitcoin Short-Term Holder SOPR Surges Up And Approaches A Value Of “1” As pointed out by an analyst in a CryptoQuant post, the selling pressure
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