Bitcoin returns to $37K amid warnings that BTC price 'needs to go lower'
Not tackling even lower levels "seems wrong," one analyst says, while another popular trader demands a $40,000 reclaim for Bitcoin price to flip "full bull." Bitcoin (BTC) cracked $37,000 at the Jan. 28 Wall Street open as traders watched and waited for a resistance retest.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC evades a major resistance testData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to form after dipping to $36,175 on Bitstamp earlier in the day.As part of the range-bound behavior, hopes were held high that momentum would continue....
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Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’
Attempts to legalize and regulate operations with cryptocurrencies are ongoing in Russia, despite the situation surrounding the military assault the Kremlin launched in neighboring Ukraine. An expert council supporting....
The price of bitcoin has declined more than 11% already today, a development that comes amid a week of high market volatility. The movements are the latest in a week of trading that has seen the price of the digital currency nearing all-time highs before falling nearly $200 in a matter of hours and later recovering. At press time, the price of bitcoin is averaging $899.00 across global exchanges, according to data from the CoinDesk Bitcoin Price Index (BPI). The news also notably follows a decision by the People's Bank of China (PBoC), China's central bank, to publicly disclose that it had....