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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XRP is showing promising signs of recovery as it bounces back strongly, fueled by renewed bullish momentum. After facing periods of downward pressure, the cryptocurrency is now gaining traction, signaling a potential shift in market sentiment. This rebound has sparked optimism among traders, with many eyeing critical resistance levels that could unlock further gains if breached. The recent surge highlights the resilience of buyers, who appear determined to reclaim control of the market. If the bulls can sustain this momentum, XRP could rally to higher levels, positioning itself for a....
Bitcoin just went through potentially one of its worst days since March 2020. With a 50% correction in the weekly chart, the price has retraced to levels last seen in January 2021. But just as quickly as it fell, BTC’s price bounces back from a major psychological mark at $30,000. At the time of writing, […]
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.
The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high on Monday, March 1, at $50,244 per unit at around 7:26 p.m. (ET). At the time of publication, BTC’s overall market valuation is around $926 billion and there’s $22.83 billion in global trade volume. The current price is over 15% higher than the low of $43,021....