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 was recently promoted on national television by the incoming Wyoming senator Cynthia Lummis. Lummis is also a fan of Bitcoin. When commenting on the cryptocurrency in a recent interview with Good Morning America on ABC News, she said that she thinks the cryptocurrency is a viable store of value. Bitcoin Promoted on National TV By To-Be Senator of Wyoming Bitcoin was recently promoted on national television by the incoming Wyoming senator Cynthia Lummis. She […]