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Bitcoin price is facing a strong resistance above $46,500 against the US Dollar. BTC is slowly correcting lower and it might test the $44,500 support zone, the NewsBTC predicts. Bitcoin made a few attempts to settle above $46,000, but it failed. The price is still trading above $45,000 and the 100 hourly simple moving average. […]
Daily chart data shows the strength of the current rally as a longstanding resistance level finally shows signs of falling, the Cointelegraph writes. Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash. Bitcoin seals 10 green candles in first since 2012 […]
Bitcoin has jumped back from its critical support zone at $31,200 and trades at $31,835, at the time of writing. The first cryptocurrency by market cap has seen an increase in selling pressure during this week. Experts predict another capitulation event, but they can’t agree on the timing and volatility. Any move to the downside or […]
Bitcoin price climbed higher and it settled above the $34,000 level against the US Dollar. BTC is likely to continue higher if it settles above $35,000 in the near term, the NewsBTC predicts. Bitcoin started a fresh increase above the $33,500 and $34,000 resistance levels. The price is now trading nicely above $34,000 and the […]
Stack funds draws attention to this week’s $2.3 billion Bitcoin options expiry, with a potential change in sentiment coming thereafter. Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes. In its latest report issued on June 23, analyst Lennard Neo said that despite the price […]
Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected. Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for […]
Bitcoin would “surprise” the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time, the Cointelegraph writes. Bitcoin (BTC) can still hit an average price of $288,000 in the next three years, confident analyst PlanB has said after BTC/USD shed 7% on June 12. In […]
Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Bitcoin (BTC) spending over three weeks in the $30,000 range is proving a crucial test for one of its best-known price models. As noted by Philip Swift, co-founder of trading suite Decentrader, on Thursday, Bitcoin is issuing a major challenge […]
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market. Bitcoin’s (BTC) price slipped below $46,000 on Sunday for the second time in four days, raising the specter of a deeper short-term correction for the flagship digital currency. Bitcoin fell to a […]
Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000, the NewsBTC predicts. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 […]