These are the BTC price levels to watch as Bitcoin risks worst April on record
Bitcoin price action is down 15% this month, while historically, April is supposed to bring gains. Bitcoin (BTC) sits at a historically important price point for hodlers, but where could it be headed in the coming days?As the monthly close looms and various countries prepare for the May holidays, traders are mapping out the options — with some surprises.$35,000 becomes key focusWhile Bitcoin market commentators rarely agree on much, one thing is more or less accepted this week — that April's monthly close will be volatile.Due over the weekend, that volatility has the potential to be....
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A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN. The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst monthly performance since October 2008. However, a major positive for crypto investors is that Bitcoin is still above its year-to-date low near $33,000. In comparison, the Nasdaq 100 has hit a new low for 2022 while the S&P 500 is just a....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience. While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets. “Cycle after cycle, that floor of hodlers is higher, the amount of....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....