Bitcoin recovers the $46K level, but several factors could prevent a stronger...
Traders say BTC is following the expected trajectory, but several macroeconomic factors and geopolitical tensions remain a threat to Bitcoin hitting a new all-time high. After dropping below $45,000 on March 31, Bitcoin (BTC) surprised investors with a quicker-than-expected recovery to the $46,500 level.Data from Cointelegraph Markets Pro and TradingView shows that bears managed to drop BTC to an overnight low of $44,210 before bulls showed up in force to lift the price back above $46,500 by midday. BTC/USDT 1-day chart. Source: TradingViewHere’s what several analysts are saying about the....
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Bitcoin eyes a sharp rebound as it trades near a confluence of technical supports made stronger by external fundamental factors.
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The Puerto Rico Blockchain Trade Association is seeking the Bitcoin community’s help as the island recovers from Hurricane Fiona.
Bitcoin extended decline below the $39,000 level against the US Dollar. BTC found support near the $38,550 zone and started a strong recovery wave. Bitcoin extended decline below the $39,250 and $39,000 levels before it found support. The price is now trading above $40,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $40,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $41,500 resistance zone to start a major upward move. Bitcoin Price Still Faces Hurdles Bitcoin price followed....