Bitcoin sellers keep BTC price action in check amid $45K 'fakeout' warning
Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week. Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin fakeouts: Third time's the charm?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion's share of the week's progress.Traders had sounded the alarm on a possible retracement after a large sell wall appeared on....
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New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.” FMA Warns About Unregulated Overseas Crypto Exchanges According to an official statement published in the NZ Herald, New Zealand’s financial watchdog is concerned about the latest “rollercoaster move” seen in the bitcoin (BTC) price. “Cryptocurrencies are not regulated in New....
Bitcoin has seen a strong push higher today that allowed its price to break above the key $19,000 level that has been so pivotal for its price action This rally came about after a period of weakness that caused the crypto to plunge as low as $17,600 The selling pressure seen around its current price […]
Bitcoin’s price action has been flashing warning signs to investors throughout the past few days, with buyers and sellers largely reaching an impasse as the cryptocurrency struggles to garner any clear momentum. Its stalling uptrend has come about due to the intensity of the resistance between $11,000 and $11,200. Each tap of this region has […]
Key Highlights. Dash price crashed Intraday and traded lower to test 0.0107BTC where buyers appeared. There was a new monthly low established as sellers were in control. Dash price remains at risk of more downsides, as an important support area was breached. Dash price sliding lower is a warning sign for buyers as the price action suggest more losses moving ahead. Sell Rallies? We followed an important support area of 0.0116BTC for many days, but finally sellers managed to take the price below the mentioned level. The downside reaction was swift after the break, as the price traded towards....
Bitcoin traders and enthusiasts have been eagerly anticipating the next significant move in the cryptocurrency market, with memories of the 2019 fakeout rally still fresh in their minds. However, one prominent BTC trader, known as Dave the Wave on the social media platform X, is offering a reassuring perspective. According to Dave, the conditions that […]