Bitcoin hits $44K, but traders want to see a few daily closes here before a m...
BTC pushed through a key price level as investor sentiment soars across the sector, but analysts caution that $44,000 must become support to mark a macro-level trend change. Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100. The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes over the course of 2022, according to Minneapolis Federal Reserve President Neel Kashkari. BTC/USDT....
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BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000. On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level. With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further into 2022.Daily cryptocurrency market performance. Source: Coin360Day traders, 4-hour....
Bitcoin has now had 7 consecutive daily green candle closes this month. There have been a couple of 7 consecutive daily candle closes. But so far there has been no eight. The last time there were 8 consecutive daily candle closes, bitcoin price saw a price run-up that saw the price moving out of the $20,000 price range into the $30,000. BTC price movements after 8 consecutive daily candlesticks | Source: Twitter The chart above outlines the movement of the market the last time this happened. The run-up had started last year in 2020 and continued into 2021 before tapering off in....
Recently, Bitget released official news that as of now, more than 7,075 traders have settled in Bitget One Click to Copy Trade, and over 5.54 million orders have been finished. Bitget is a world-renowned derivatives trading platform. According to data from CoinMarketCap, the world’s largest crypto ranking platform, Bitget has an average daily futures trading […]
Bitcoin price ended its consolidation phase by closing below $18,300 but will traders buy the dip? After spending the last few days trading in a tightening range, Bitcoin (BTC) price dropped from its pennant structure and closed below the 20-day moving average ($18,600). Crypto market daily price chart. Source: Coin360Since topping out at $19,888 a number of analysts cautioned that Bitcoin price was at risk of a strong pullback if it failed to either secure a daily close above $19,500 or at least hold $19,000 as support. During Bitcoin’s most recent bull phases the price has held above the....
After wading through a declining path for weeks, the crypto market and Bitcoin have suddenly entered another phase. The past few days have proved to be favorable for prices in the market. Almost all crypto assets are making impressive northward movements. For the primary cryptocurrency, its moves to reclaim value are commendable. Bitcoin has reached the $20,000 region as it made more gains. In addition, the token finally closed a daily candle across the critical level. Related Reading: Ethereum Marks Three Consecutive Red Weekly Closes, Will Uptober Change Its Trajectory? Also, the....