5 reasons why Bitcoin price just reclaimed $33,000
Despite this week’s sharp Bitcoin price correction, BTC derivatives data and dip-buying bulls show the current rally remains intact. Two weeks ago, few investors would have expected Bitcoin (BTC) price to rally any higher than $20,000. In fact, most had forecast a $30,000 BTC price by mid-2022 or late 2023 at best. This means that many holders were likely caught by surprise as BTC price surged to $34,800 just 17 days after crossing the $20,000 mark. Generally, analysts expect a sharp correction to follow Bitcoin’s 150% gain since November, but currently, there are no fundamental....
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After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish Bitcoin has seen its value rise by....
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]
Bitcoin remains rangebound in the high $30,000 to low $40,000 areas. The first crypto by market cap has seen its volatility reduce as several factors contribute to the slowdown across the sector. Related Reading | TA: Bitcoin Trims Gains, Support Turned Resistance At $41K At the time of writing, Bitcoin (BTC) trades at $40,500 with a 6% loss in the last 24-hours and a 1% profit over the past week. Trading firm QCP Capital believes Bitcoin has been trading in a larger range as it reclaimed the area around its current levels. The firm claims that there are 2 main reasons behind BTC’s....
BTC price action is back above the 200-week moving average, but the Fed may still sour the mood. Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support had been preserved.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHopes for "relief" from FOMC meetingData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded above $22,500 at the time of writing, having hit local highs of $23,300 on the day.The pair had seen a strong bounce after nearing $20,800, with traditional markets likewise recovering after panic set....
Sui Network’s native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday. Various market watchers suggested the momentum could send the cryptocurrency to new highs in Q2. Related Reading: Analyst Says Bitcoin (BTC) Could See A 14% Price Jump If This Level Is Reclaimed SUI Reclaims Key Breakout Level Today, SUI, one of the cycle’s leading tokens, retested the $2.60 resistance for the first time in nearly three weeks after reclaiming a key support zone on Tuesday. The....