Bitcoin Weekly Close Key For A Retest Of $93,000 – ‘Weekend Relief’ Coming?
This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Related Reading: Ethereum Drop Coming? ETH Risks Fall To $2,180 If This Support Fails – Analyst Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over the last week, fueling doubts about a potential market top. The flagship crypto has dropped 21% from last week’s high of....
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Bitcoin is about to see its next weekly candle close, one that analysts say will be critical. One trader highlighted how this candle will most likely mark Bitcoin’s highest weekly candle since the blow-off top seen at the end of 2017 and start of 2018. The Importance of Bitcoin’s Upcoming Close Bitcoin is about to see its next weekly candle close. In the coming hours, the leading cryptocurrency will print its latest weekly candle. Analysts […]
Can anything save Bitcoin from a stocks-driven meltdown? Not everyone is bearish this week. Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000.After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of Sunday.There is a feeling of being caught between two stools for the average hodler currently — macro forces promise major trend shifts but are being slow to play out, while “serious” buyer demand is also absent from cryptoassets more....
Traders look for a weekend oversold bounce after BTC price sold-off and hit an intraday low at $38,750. March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a wave of selling in the afternoon dropped the price of BTC below $39,100. BTC/USDT 1-day chart. Source: TradingViewHere’s a look at....
The end of the weekly candle could soon give way to a more pressing $42,400 target should the market move significantly overnight, one trader says. Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: Potential CME gap to comeData from Cointelegraph Markets Pro and TradingView tracked fairly stress-free conditions for BTC/USD over the weekend, with the weekly candle set to conclude in under 12 hours.The pair had briefly dipped below the $42,000 mark before....
It’s touch and go as to whether BTC can avoid its first four weekly candles in the red since June 2020. Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance bids slowly thin below spotData from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to retake the $40,000 mark after losing it before the weekend.As traders braced for classic volatility into the weekly close, Bitcoin looked decidedly unappetizing. At $39,500 on Bitstamp, the spot price at the....