Bitcoin breaks new all-time high above $63K: What are traders saying?
The price of Bitcoin broke above $63,000 to hit a new all-time high, and traders are mixed in the short term. The price of Bitcoin (BTC) reached a new all-time high at $63,478 on Tuesday on Binance. The market sentiment around Bitcoin and Ether (ETH) is overwhelmingly bullish, but the short-term sentiment remains mixed.Analysts use the term “price discovery” when the price of an asset reaches a new all-time high.On Tuesday, the price of Bitcoin entered price discovery, surpassing its record high as it made its way above $62,000.When an asset enters price discovery, two scenarios could....
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Bitcoin broke above $61,000 for the first time since early March and traders are turning bullish. The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market.In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000.BTC_USDT orderbook heatmap (Binance). Source: Material IndicatorsAs long as the price of Bitcoin stays above....
Bitcoin's price breaks above $16,000, reaching an almost three-year high.
Bitcoin is preparing for another run to its all-time high at $42,000 as the crypto industry turns cautiously bullish. The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high.In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential....
Ethereum is back on another winning streak as it breaks above $1,900. This follows a weekend that was mostly characterized by low momentum but would eventually turn for the better. In the wake of this, there have been a lot of short liquidations in the market due to the recovery. However, the liquidations in Ethereum hit a new three-year high when thousands of short positions were liquidated on the Bitfinex cryptocurrency exchange. Bitfinex Short Liquidations Grow The Bitfinex crypto exchange is one of the largest exchanges in the world and is highly favored by both amateur and....
Bitcoin liquidations had ramped up on Monday as the price of the digital asset had gone up drastically. These traders had been liquidated very fast with millions of dollars gone in a matter of minutes. However, it did not end there, given that the price of the cryptocurrency has not slowed down since then. And as the price of bitcoin has continued to grow, the liquidations have not slowed down either. Bitcoin Liquidations On The Rise Although the current liquidations are not as high as that recorded on Monday, they are still significant nonetheless. These liquidations had touched as high....