Bitcoin Slips Back To 38k, Further Downside Incoming?
Bitcoin slide to $37,000 on March 7 sparked some purchasing interest, resulting in a price bounce to $39,000 on March 8. Surprisingly, the upward sloping trendline that served as an accumulation zone for traders in 2022 was the origin of the upside retracement move. Price Fall Signals Retracement Bitcoin price established another lower high on the 4-hour chart, showing that bears are still in control and that more loss is likely. Today is set to provide a breath of relief and let some steam out of the pressure cooker that is Ukraine, with global markets still anxious and on edge. As this....
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Bitcoin is slipping lower despite the rally earlier today. BTC is down another 2% since the trading session began an hour ago, pushing under $18,000 yet again. The price of the leading cryptocurrency currently is $17,925, with Ethereum and altcoins also dropping rapidly. According to ByBt, the funding rates of leading Bitcoin futures markets are […]
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as crypto bears continued to run rampant on markets. BTC/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30. Today’s bottom is the lowest level bitcoin has hit since December 2020,....