Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in. Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Extra Fed rate hikes "biggest risk"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating within a range in place since May 12.The pair had come unstuck as Fed Chair Jerome Powell delivered economic policy insights during the Wall Street Journal's....
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Although Bitcoin (BTC) continues to hold steady in the mid-$80,000 range, analysts are forecasting that significant volatility may be imminent for the leading cryptocurrency. That said, most analysts predict a potential price rally for the apex digital asset. Bitcoin Ready To Experience Significant Volatility In a CryptoQuant Quicktake post, contributor Mignolet highlighted that approximately 170,000 […]
Stranded natural gas operations could be the next major avenue of Bitcoin’s entry into the global energy production industry. The post How Bitcoin Shakes The Energy Industry appeared first on Bitcoin Magazine.
Bitcoin is currently trading above $93,000, showing strength after weeks of volatility and consolidation. The latest breakout suggests bulls are gaining control, with momentum leaning toward a continued push higher. However, macroeconomic uncertainty continues to cloud market sentiment, with analysts split on what’s next. Some believe this marks the beginning of a recovery phase, while […]
Finally, it looks as though we are getting a return to the volatility we are used to in the bitcoin price. Over the last twenty four hours, action looks to have returned to the up-down momentum we have seen over the last month or so (with the exception of the last few days) and as a result, we are able to effectively bring our breakout strategy in to play. As we head into the European afternoon, where are we looking in the bitcoin price now, and how can we take advantage of the return to volatility in our quest to draw a profit from the bitcoin market this afternoon? Take a quick look at....
Bitcoin is trading just below the critical $90,000 level, struggling to regain bullish momentum after weeks of uncertainty. Market sentiment has shifted slightly — from extreme fear to cautious observation — but confidence remains fragile. Analysts are split on what comes next. Some warn that failure to reclaim $90K could extend the current downtrend, while […]