4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Go to Source Powered by WPeMatico
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BTC price bounces at $25.8K lows amid warning over low whale interest
Bitcoin traders line up “safe” support levels, but order book data is making one observer uneasy about the future. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market
Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin (BTC) moved away from a recent two-month low on Saturday, … Read more
Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy
On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets. 139.7 Bitcoin Worth $3.7 Million Suddenly Moves From Idle Wallet A vintage … Read more
Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low
Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March. Bitcoin Bitcoin (BTC) dropped below the $27,000 level … Read more
‘Don’t short when it’s dark green’ — How to trade the 2024 Bitcoin halving
Bitcoin is setting up a classic four-year buying opportunity, commentators say, with the next halving just one year away. Go to Source Powered by WPeMatico
Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows
BTC price action is now retesting its key 200-week moving average after holding it as support since March. Go to Source Powered by WPeMatico
BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’
BTC price action offers little relief to Bitcoin bulls despite U.S. macro data releases showing inflation subsiding. Go to Source Powered by WPeMatico
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over … Read more