Fed takes on stablecoins: 5 things to watch in Bitcoin this week
Bitcoin continues its recovery from the China mining debacle but price action remains delicate in a low-volume market. Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store?Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week.As a recovery in mining continues, everyone is playing a game of “wait and see” when it comes to the 2021 Bitcoin bull market.Cointelegraph takes a look at five things that might....
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Here's what we are looking to trade in today's bitcoin price market. Breakout strategy, targets and risk annotated. Well, we’ve finally gotten some volatility in the bitcoin price. Not exactly the type we’d hoped for from a long term perspective, but it’s given us an excuse to get in to a couple of positions overnight and that’s done enough to abate the patience issues we discussed in yesterday morning bitcoin price watch analysis. How things will play out today remains to be seen, but with the bitcoin price having wound up in a consolidatory phase for nearly a full week (if we include the....
Here's a look at what we are focusing on in the bitcoin price this evening, and beyond in to the weekend. The market is about to draw to a close out of Europe, and things have been pretty wild this week in the bitcoin price. We noted in this morning’s analysis that we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy, and we’re hoping that this will continue over the weekend. Normally, when it comes to this time on a Friday, we set up some tight key levels and look to draw some scalp profits from the market on intraday breaks. Tonight,....
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
A grim cocktail of macro triggers converges on Bitcoin, with risk assets looking at a “rough” few days coming up, analysts warn. Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine.As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up.A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for a safe haven, that has broadly not been Bitcoin or even stablecoins.Instead, stocks, which have taken a....
Here's a look at what we are focusing on in the bitcoin price this morning. In last night’s bitcoin price watch analysis, we took a look at what had happened throughout the day, and noted that the way price was moving made it pretty tough to maintain a steady strategy during the latter half of the week. Not that we haven’t been able to draw profits from the market – things have been pretty good to us – but that being able to keep things tight from a risk management perspective is a little harder than normal. Anyway, for the final day of the week, we’re going to shuffle things around a....