Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is down by 6% over the past week and appears to be stabilizing after Thursday's sell-off. Traders remain cautious, although some altcoins such as GALA have rallied. Source
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Bitcoin (BTC) is set for choppy price action, although upside appears to be limited as momentum slows. The cryptocurrency could remain in a trading range until a decisive breakout or breakdown occurs. Source
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Analysts noticed signs of buyer demand around $38,000 in bitcoin, although it remains to be seen if the cryptocurrency can break above its short-term downtrend. For now, bitcoin appears to be "falling out of the window, but latching onto the windowsill," Alex Kuptsikevich, an analyst at FxPro, wrote in an
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Data shows the weekly average Bitcoin trading volume has stabilized around the same lows as July 2021 as market activity remains low. Bitcoin Trading Volume Has Stayed Low In Recent Weeks According to the latest weekly report from Arcane Research, the BTC trading volume has sunk down to July lows recently. The “trading
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Bitcoin (BTC) is back above $40K, albeit within a wide trading range. The cryptocurrency could face initial resistance at $43K, which could stall the current upswing in price. Source
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Bitcoin (BTC) returned above $40K as buyers reacted to short-term oversold signals. The cryptocurrency remains in a two-month long trading range between $37K support and $47K resistance, which could limit additional upside. Source
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Bitcoin (BTC) is stabilizing above the $43K support level, although upside appears limited over the short-term. Momentum signals are still negative, especially on the monthly chart. For now, the recovery from Jan. lows remains intact. Original Source
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Still, bitcoin will need to make a decisive break above the $40,000 psychological barrier to trigger an increase in buying activity. So far, volatility hasn’t been particularly high "taking into account a barrage of largely negative news over the past few days with COVID-19 cases rising and China’s Shenzhen province
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Bitcoin (BTC) and other cryptocurrencies traded lower on Monday alongside stocks. Analysts expect bitcoin's trading range between $28K and $69K could result in sharp price swings, eventually giving way to a recovery within two or three months. Source
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●Bitcoin (BTC): $38456, +1.84% ●Ether (ETH): $2645, +0.75% ●S&P 500 daily close: $4289, +1.50% ●Gold: $1898 per troy ounce, −0.61% ●Ten-year Treasury yield daily close: 1.97% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index (ETX);
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