Bitcoin Bounces Back Above $31K After Monday’s Drop

Bitcoin Bounces Back Above $31K After Monday’s Drop

Analysts say the bitcoin market now looks less overheated than it did on Monday.

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Bitcoin, Ethereum Technical Analysis: BTC Bounces Back After Monday’s Selloff

Following Monday’s selloff, cryptocurrency markets mostly rebounded across the board, with bitcoin and ethereum prices rallying by as much as 10%. Overall the global crypto market cap was over 6% higher from yesterday’s session. Bitcoin Bitcoin, which fell to an intraday low of $33,184.06 during yesterday’s session, was up close to 9% as of writing, hitting a high of $37,247.52 in the process. After a false breakout from its support level of $34,170 to start the week, today’s move saw BTC/USD climb from this point, with some anticipating the potential for a....

These 4 Trends Show That Bitcoin’s Likely to Move Higher After 20% Drop

Bitcoin is technically in no man’s land a number of analysts have said after the crypto’s recent drop. The cryptocurrency, in fact, is below the $11,000 resistance, where BTC was rejected last week. Bitcoin is also above the support of the low-$10,000s, where a number of bounces have taken place over recent weeks. Four key market data points suggest that BTC will soon resume its ascent, though. There are also on-chain trends observed by a […]

Bitcoin Whales Kept Accumulating During Monday’s Crash

Larger investors, or whales look to have reacted differently than retail investors amid this week's bitcoin price drop.

Ethereum Expected to Bounce as Price Cleanly Bounces Off $385

Ethereum has undergone a 6% drop over the past 24 hours in the face of the stock drop. The Dow Jones is down 3% during Monday’s trading session. Analysts think ETH could bounce, though, as the coin has recovered to $390. One analyst noted that the coin is now trading above the pivotal swing level at $390. Ethereum holding above that level is expected to trigger a recovery towards the $422 weekly highs as aforementioned. […]

Bitcoin price dip to $39.2K places BTC back in 'bear market' territory

Traders say the threat of a lengthy bear market is heightened after BTC price drops to $39,200. The cryptocurrency market took a turn for the worse on April 11 after concerns related to rising inflation, the prospect of several more interest rates by the U.S. Federal Reserve and fear of a global food shortage led to widespread weakness across global financial markets.Data from Cointelegraph Markets Pro and TradingView shows that bears broke through the bulls' defensive line at $42,000 in the early trading hours on Monday to drop Bitcoin (BTC) to a daily low of $39,200 and several analysts....