Bitcoin price circles $44K as analyst asks, ‘Who remains to sell here?’
The chances of another sell-off to $30,000 are slim, according to on-chain data. Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOBV sparks 2021 recovery comparisonsData from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after an overnight dip to $43,725 on Bitstamp.In a tightening range, the pair looked increasingly primed for a breakout up or down Wednesday, as support and resistance levels stayed within a short distance of....
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Bitcoin price may have nosedived to $21,000 but this analyst says it’s not an entirely bad thing. Willy Woo, on-chain expert analyst says that Bitcoin’s recent decline to $21,000 is mostly due to the massive sell-off by traders. However, there’s no reason to hit the panic button because the sell-off is linked to negative net […]
Bitcoin price sold off $50 in a single hourly candle during US daytime, yesterday. Trend remains up. A shock reversal knocks us out of the trade, even though trend remains up. The violent downward correction of more than $50 ended up making a higher low and quickly regained trade above $600 (Bitstamp). We could not have anticipated the sell-off happening as price was apparently advancing through the critical $640 level before it reversed. The target remains $680 with support at $600. Summary. Bitcoin price is retesting $600 and should resume advance in the coming days. We continue looking....
Ethereum, similar to most altcoins, is under significant selling pressure, struggling to shake off the weakness of early August. Even though there were flashes of strength after the climactic sell-off on August 5, prices are still below $2,800. The only positive for now, at least looking at the daily chart, is the impressive bulls’ resilience. Despite the wave of lower lows, buyers have soaked in the deluge of selling pressure, holding prices above the $2,500 mark. The bearish formation, nonetheless, remains, but one analyst thinks the rejection of lower prices below $2,500 is....
Circles has had its glitches in the early going. Here's what you need to know to get into the newest crypto-powered universal basic income (UBI) project.
A whale who bought at $34,000 now looks set to sell near current levels as a large wall of asks appears on Bitfinex. Bitcoin (BTC) was up nearly 5% in 24 hours at the Wall Street open on March 25, but a new warning sign was giving traders cold feet.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitfinex whale flips to sell modeData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting multi-week highs of $45,137 on March 25 as Wall Street got underway.As $45,000 reappeared for the first time since the start of the month, however, so did all-too-familiar....