Bitcoin Caught Between Fierce Sellers And Scarce Buyers, Why $36K Could Be Im...
Bitcoin has taken another turn to the downside, at the time of writing, after moving sideways during the weekend. As NewsBTC has been covering over the past days, BTC lost critical support at around $40,000, and seems likely to continue its downtrend. Related Reading | Data: Bitcoin Miners Are Quietly Accumulating While The Market Bleeds Bitcoin is trading at $38,118 with a 2.6% loss in the past 24-hours. Per a recent report from Glassnode Insights, Bitcoin has reached a delicate equilibrium. As the benchmark crypto moves back into yearly lows, buyers are trying to absorb bears and....
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Bitcoin’s price action has been flashing mixed signals to investors, as its price has been caught within a wide trading range between $10,200 and $11,200 as buyers and sellers battle for control of its near-term outlook. The cryptocurrency’s inability to post any sustainable upswing indicates the strength that sellers have at the present moment, which […]
Traders’ expectations during the last week were not entirely certain, but quite predictable. The initiative was taken from sellers by buyers and vice-versa. Finally settling on a long-term level of $400-390, highlighted long before the downward trend, the buyers have seized the advantage. This is caused by buyers closing their deals. The Bitcoin price was more or less certain in its upward trend. Fortifying on the medium-term resistance of $409, which was mentioned several times before, the buyers have held this mark, which yet again provoked sellers into closing their positions. At the....
Bitcoin’s price has been caught within a consolidation phase around $13,000 ever since it was rejected at its recent highs of $13,200 This is around the price at which it has been trading throughout the past few days, with buyers and sellers being unable to take control of its near-term trend Yesterday, bulls did attempt to set fresh yearly highs and kickoff a leg higher, but it resulted in a rejection This shows that buyers […]
Bitcoin and the entire crypto market have witnessed dwindling volatility throughout the past few days and weeks, with both buyers and sellers being unable to gain control of the crypto’s near-term outlook. The benchmark cryptocurrency has been caught within a bout of sideways trading throughout the past few weeks, with buyers establishing support at $10,200 […]
Bitcoin has recently caught fire with institutions, corporations, and hedge funds in 2020, as a defensive strategy to protect wealth against the non-stop money printing press that was turned on after Black Thursday. The store of value and safe haven narrative is focused primarily on the cryptocurrency’s hard-coded scarce supply of just 21 million BTC. […]