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On Oct. 4 and 5, Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to April 22 or Nov. 15, depending on one’s style of technical analysis.Some traders might be feeling a bit celebratory now that
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Increasing and elevated U.S. interest rates are headwinds for bitcoin, one researcher said. Source
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●Bitcoin (BTC): $23,960 −0.3% ●Ether (ETH): $1,883 −0.9% ●S&P 500 daily close: 4,305.20 +0.2% ●Gold: $1,791 per troy ounce +0.5% ●Ten-year Treasury yield daily close: 2.82% +0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index
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Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCan Bitcoin bulls reclaim the 200-week moving average?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $20,500 and $21,000 into the weekend.The pair
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Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cryptox Markets Pro and TradingView confirms.Bitcoin clings to realized priceAt around
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An above-forecast U.S. wage-growth figure may revive expectations of a 75 basis point Fed rate hike and bring more volatility to markets. Original Source
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Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week's mini bull run has been.According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside.Bitcoin exits trendline slump that beat March 2020GRM is a
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Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints.In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple.Mayer Multiple nears pivotBitcoin price
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Bitcoin failed to penetrate critical technical resistance earlier this week and is now staring at a support level of $35,500.Prices dropped 4.6% on Wednesday after buyers failed to push through the trendline connecting highs reached in November and January.The top cryptocurrency was changing hands near $36,400 at press time, representing
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Ether’s short-term pattern has turned bearish with the cryptocurrency finding acceptance under a crucial support.The native token of Ethereum’s blockchain fell more than 8% on Monday, falling below an uptrend line connecting July and September lows.Ether printed a UTC close under the widely-tracked 100-day moving average with the long-held support
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