Bitcoin Price Seems Unwilling to Move
Bitcoin Price continues moving in a narrow range in indecisive trade. Today's analysis is presented during early Asian session market activity and will be updated during the US session in case of any notable chart activity. Time of analysis: 03h00 UTC. Bitcoin Price Analysis. Readers, I have an all-day commitment and present this analysis during the Asian morning. I will be back at my desk during the US session and will update the analysis then if necessary. A quick look at the depth charts of BTC-China (left), Bitfinex (center) and BTC-e (right) reveals the low order volumes in the active....
Related News
CoinTelegraph spoke to MaryJanecoin developer, Gabriel Ballerini (aka, Jahvinci), to get an inside look at the new marijuana-backed altcoin, at its disruptive potential, and at the challenges facing the cannabis industry. Maryjanecoin is a cryptocurrency tailored for the cannabis economy. Each coin is backed by 1 gram of cannabis bubblehash concentrate product. It was created in response to the problem of banks being unwilling to work with the nascent industry that could facilitate transactions, wage payments and provide other opportunities for businesses in states where medicinal and....
Yes, the weakening yuan is responsible for the rise in the price of Bitcoin. But what about some other efforts that have been playing complementary roles to push the top digital currency's price to a level that is far higher than what we have experienced in previous years? And with the look of things, the reality is: these contributing factors are the mainstay of what is keeping the price of Bitcoin stable and unwilling to give in to any form of reversal. Bitcoin’s price has gone up $100 in a month from about $605 as at September, 30 to up to $705 by October 28 - as at the time of this....
BTC price looks to break out of its downtrend, yet pro traders are still unwilling to add leveraged positions. This week's Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling to add leveraged positions and are overcharging for downside protection.BTC-USD 12-hour price at Kraken. Source: TradingViewWill BTC reverse course even as macroeconomic conditions crumble?Whether BTC turns the....
Bitcoin’s price had just topped $21,000 at the time of writing — meaning around 45% of BTC holders have an “on-paper loss,” according to Glassnode. The majority of Bitcoin has been “hodled” for at least three months in behavior bearing a striking resemblance to previous Bitcoin market bottoms, says blockchain analytics firm Glassnode.In a July 16 tweet, Glassnode noted that more than 80% of the total U.S. dollar (USD)-denominated wealth invested in Bitcoin has not been touched for at least three months. This signifies that the “majority of BTC coin supply is dormant” and that hodlers are....
KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2. The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4. Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with....