April Bulls Day? Bitcoin just closed its best March and Q1 in 8 years
No hint of bearish traditions returning to Bitcoin markets this year as 2021 bucks the trend for March to bring serious downside. Will Q2 deliver on expectations? Bitcoin (BTC) has seen its most successful Q1 in eight years as the Ides of March fail to materialize for hodlers.Data published by analytics resource Bybt as Q1 2021 came to an end showed that BTC/USD gained more in the first three months of this year than any since 2013.BTC price gains 103% in Q1Despite not reclaiming all-time highs before Q2 began, Bitcoin put in a rare performance this March — normally, that month sees....
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Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended. Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According to Coinglass data, Bitcoin has closed April in the red on onlthree occasions and the worst monthly loss was a 3.46% drop in 2015. Although history favors the bulls, the Whale Shadows indicator has noticed that more than 11,000 Bitcoin has left a wallet in which it had been....
BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended. Over the past three months, Bitcoin's (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility. Bitcoin/USD 1-day chart at Coinbase. Source: TradingViewThe relief rally that came after the April 11 dip below $40,000 followed the U.S. Consumer Price Index (CPI) report that announced 8.5% for March, the highest....
BTC price is in a freefall, and data suggests bears will keep the pressure on until April 8’s options expiry. Some analysts argue that Bitcoin (BTC) rallied too fast and too soon and the weakness that we see on April 7 is a result of that. Currently, a new COVID-19 variant has caused the Chinese government to implement severe restrictions on Shanghai and other major cities and persistent regulatory concerns continue to weigh down th sentiment within the crypto sector.Another concerning development is the March 31 European Parliament's Committee on Economic and Monetary Affairs (ECON) vote....
Analysts are mostly bullish on BTC’s short term price action, even if a retest of the $45,000 level must happen first. Bitcoin (BTC) saw an 11% gain in the past week after the $46,000 resistance finally broke after 82 days. Many crypto pundits argue that Terraform Labs CEO Do Kwon has played an important role in the price change, but is yet to be determined.A Bitcoin address thought to belong to Terra has now amassed almost $1.5 billion in BTC following a $139 million purchase on March 29. TerraUSD (UST), an algorithmic stablecoin, aims to acquire up to $10 billion worth of BTC to back its....
It’s been my second week in cryptocurrency trading. Although I managed to make a 0.5 percent profit on ZEC and XRP, the results are still less than satisfactory. That is mostly because XRP price has increased after I closed my deal - in more than seven times! The profit I missed. On March 28, I decided to buy ZEC and XRP. Their prices, according to my system, were exactly at the peaks of their corrections, and that’s why I expected growth from this point. I bought XRP at 0.00000912 BTC and placed a sell stop order at 0.00000794. The ZEC coins were bought at 0.05408212 and the deal secured....