Bitcoin’s Retrace Could Inject Fuel into the Altcoin Market, Igniting a Rally
Bitcoin is currently in the process of retracing following a rejection at highs of $14,100 that were set this past week. Although bulls had found stability around $13,800 following the rally to these highs, they have not been able to guard against massive inflows of selling pressure that has come about throughout the past few […]
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Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will […]
Crypto stocks in the United States witnessed a notable uptick in pre-market trading as Bitcoin surged to its highest level since May 2022. BTC crossed the $36,000 mark for the first time in approximately 18 months on Thursday, igniting a bullish wave that extended to publicly-traded companies with significant exposure to the crypto market, including […]
All the way up until around mid-2020, Chainlink was the hottest crypto token around. But once Bitcoin broke above $10,000 months ago, the altcoin’s uptrend against the top cryptocurrency was broken. Following a full 50% retrace of the rally against BTC, Chainlink is now “ready to continue,” according to one crypto analyst. Here’s what that […]
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.
After Joe Biden's inauguration on Jan. 20, an expected raft of new stimulus measures may further boost bitcoin's rally, say analysts.