A successful Wyckoff culmination could see BTC price action target levels north of $40,000 again, one analysts says.
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A successful Wyckoff culmination could see BTC price action target levels north of $40,000 again, one analysts says.
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The Purpose Bitcoin ETF now has over 21,000 BTC under management as the United States continues regulatory scrutiny.
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Thomas Farley, former chief operating officer of the New York Stock Exchange, is “sanguine” about recent price action.
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A retest of $37,000 is now expected but Bitcoin must cement it as support in order to send a clear bull message.
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Bitcoin’s recent push from under $30,000 to over $34,500 asserts hopes of a big price recovery ahead.
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Long-term outlooks remain bullish, but traders are not ruling out more pain first.
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Stack funds draws attention to this week’s $2.3 billion Bitcoin options expiry, with a potential change in sentiment coming thereafter.
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The benchmark cryptocurrency slipped briefly under the $29,500-level this Tuesday as a Glassnode report indicated possibilities of miner capitulation in China.
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Whale selling pressure is too great to preserve the bull market for now, one warning says, while similarities to 2017 provide a silver lining for hodlers.
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Bitcoin flashes a classic bearish technical pattern that could crash BTC prices to below $20,000.
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