Bitcoin Primed to Bounce as $16,000 Level Holds Multiple Times
Bitcoin has undergone a slight drop since the $16,400 highs. Though analysts think that the cryptocurrency remains bullish as the $16,000 support level holds. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Move Back Toward the Highs as $16,000 Holds Analysts think that Bitcoin could move back toward the […]
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Bitcoin has rallied strongly over the past few weeks. The leading cryptocurrency surged from $10,400 to $11,750. The coin now trades for $11,400 after a slight correction as buying pressure tapered off. Bitcoin is primed to move lower in the near term as it aims to set up another leg to this ongoing rally, analysts say. Crypto analysts think this is the case, along with analysts at JP Morgan. Bitcoin Primed to Move Lower Prior […]
Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries. Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin's sell-off Terra's UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows.Daily cryptocurrency market performance. Source: Coin360Despite the significant correction that occurred over the past week, Bitcoin (BTC) bulls have managed to claw their way back to the....
Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as […]
Bitcoin is mounting a strong bounce from the weekend lows of $15,700. Just minutes ago, the leading cryptocurrency broke to $16,500 and passed it for the first time this year. At its local highs, BTC traded for $16,550. While BTC trades slightly below those highs, it is positioned to move higher as it looks primed […]
The on-chain indicator Puell Multiple shows Bitcoin miners don’t have much incentive to sell at the current price level. Puell Multiple Values Are Still Relatively Low At The Current Level As pointed out by a CryptoQuant post, Puell Multiple values are still not too high, implying miners may not feel pressure to sell at the […]