Bitcoin Reaches a Juncture as Bulls Try to Thwart Selloff to $17,000
Bitcoin has been facing some immense volatility throughout the past few days and weeks, with sellers stepping up and trying to invalidate the strength seen by the cryptocurrency as they hold it below the key $19,000 level. A sustained bout of trading below this level will certainly degrade its technical strength. Still, the intensity of […]
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Bitcoin is so far seeing a quiet weekend, with bulls taking control of its price action as they hold it above $18,000. This level was broken below earlier this week, but buyers were able to find enough support to thwart any intense selloff from here. Although the crypto is holding strong above this level, it […]
Bitcoin has faced some intense selling pressure following its recent rally past $24,000, but bulls were able to thwart it from seeing any intense selloff as its price navigates back up to this key level. BTC’s continued reaction to this level should provide buyers with some serious insights into where it may trend next. A […]
Yearn.finance’s YFI governance token has been facing a relentless selloff throughout the past few days and weeks, with its bulls unable to garner any momentum. There are many reasons why it has been struck so hard despite bullishness seen by Bitcoin and the rest of the crypto market, but this latest selloff has come about […]
Bitcoin price is currently trading at slightly above $26,000 per coin, but is still reeling after last week’s 10% single day selloff. The situation looks dire for crypto bulls who were hoping for a more significant recovery to begin after such prolonged sideways. However, the bullish market structure remains unbroken. Let’s take a closer look at what exactly this means and why the 2023 uptrend is still intact. Recapping Recent BTCUSD Volatility After a solid start to 2023 – certainly a year that’s been kinder to the king of cryptocurrency than 2022 – BTCUSD has bears....
Bitcoin Price Key Highlights. Bitcoin's price suffered a quick selloff last week, but the uptrend line on the 4-hour time frame held. This suggests that bulls might be able to stay in control for the remainder of the year, potentially taking Bitcoin back to its yearly highs. Bitcoin prices could make it all the way up to the $500 level if bulls continue to keep pushing higher, although another sharp selloff might be possible. Potential Support Zones. With the end of the year fast approaching, profit-taking activity could take place as traders want to close out with gains. For the bulls,....