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Why A Bitcoin Spike To $33,000 Could Signal Danger For Retail Investors

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 Hits Stock-to-Flow Rebound Level Not Seen Since 2017 All-Time High

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 […]

Bitcoin Traders Eye Crucial’ $38K Level as BTC Price Action Consolidates Higher

Sustained higher levels mean a retreat to $30,000 is looking less and less essential to preserve the bull market. Bitcoin (BTC) traded in a higher range on Friday, with analysts keen to see which critical levels would fall next. Bitcoin escapes fresh losses… for now Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $35,000 support overnight on […]

Bitcoin’s Winning Streak Ends as Prices Struggle to Break Record

As the CoinDesk announced, Bitcoin is struggling to break above its current all-time high set in mid February. Bitcoin (BTC) trading around $56,700 as of 21:00 UTC (4 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $55,116 to $58,150. Continuing a strong start to the month, bitcoin bulls pushed all the way […]

Bitcoin Refuses to ‘Die’ as BTC Price Hits $40K Just Three Days After Crash

Stubborn bulls are firmly back in the saddle, with Bitcoin adding $10,000 to its price in just three days. Bitcoin (BTC) surged higher on Jan. 14, reaching $40,000 on Coinbase amid fresh evidence of new large buys on exchanges. BTC price adds $10,000 in three days Data from Cointelegraph Markets and TradingView tracked BTC/USD as the pair delivered even […]

How Massive Bitcoin Buyer Activity on Coinbase Propelled BTC Price Past $32K

The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC, the Cointelegraph reported on January, 2. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin (BTC) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy […]

Bitcoin Falls by Over $1,000 as New Covid Strain Boosts Dollar Demand

A minor rebound in the US dollar market prompted Bitcoin to reverse its upward momentum on Monday, the NewsBTC writes. The benchmark cryptocurrency fell by more than $1,000 in the early morning European session, hitting an intraday low at $22,430. So it appears, Bitcoin’s latest downside move came as a correction to neutralize its overbought […]

Bitcoin Trades Near Crucial Juncture, Why 100 SMA Is The Key

Bitcoin price is facing a strong resistance near $15,500 and $15,600 against the US Dollar. BTC could clear the $15,500 resistance unless there is a clear break below the 100 hourly SMA, the NewsBTC predicts. Bitcoin is facing a strong barrier near the $15,500 and $15,600 resistance levels. The price is currently holding the $15,200 […]