Bitcoin Price Bounces Back, But Can It Sustain Above $60K?
Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin Price Reclaims $60K Bitcoin price remained supported above the $57,500 level. BTC formed a base and....
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With the broader cryptocurrency market regaining bullish traction, Bitcoin, the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally. More Bitcoin Is Moving Back Into Profit A significant portion […]
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With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?
Analysts say the bitcoin market now looks less overheated than it did on Monday.