Can Bitcoin Bounce Back To $35K? Here’s What Stands In The Way
No action in the crypto market as Bitcoin still trades around the $29,000 to $30,000 area. The first crypto by market cap has been rangebound since the Terra ecosystem collapsed taking a hit on an already soft market. Related Reading | Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota The “Black Swan” event has preceded one of the worst periods for the space as Bitcoin and Ethereum recorded record consecutive losses. At the time of writing, BTC’s price trades at $29,500 with a 2% loss in the last 24-hours. According to a pseudonym trader, Bitcoin could....
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DeFi protocol EasyFi, a multichain layer 2 lending platform, is looking to bounce back in a major way. In public statements released in recent weeks, the company is showing commitment to the protocol, despite suffering a hacking incident last month. EasyFi started working for reinstatement to start the month, following hard fork and distribution. The […]
Bitcoin has bounced back from a high area of around $20,000 and managed to break some important resistance on its bounce, it still faces many hurdles. At the time of writing, BTC trades at $34,129 with a 14.1% profit in the daily chart. Despite the bounce, many argued that the conditions in the market remain […]
This week, the rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC on Tuesday and explained that he believes the cryptocurrency economy will bounce back. Snoop said that he feels like the crash “‘weeded’ out all of the people” that were not supposed to be in the space in the first place.
Snoop Says Crypto Crash Is Transitory and Great Choices Will Follow the Aftermath
Snoop Dogg thinks the current crypto crash is temporary and in time he believes the ecosystem will bounce back. Speaking with CNBC on Tuesday, the hip-hop recording....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s been a bit of a strange night of action in the bitcoin price overnight during the Asian session, and we are heading into the European open on the back of what turned out to be some pretty unpredictable action. Price traded up sharply around the turn of the night, before correcting to trade sideways for a little while, and then, after some consolidation, dropped again to carve out fresh intraday lows. From these lows, we saw a bounce, and the bounce has given us a nice range with which to play with during....
In last week’s post we concluded with the following statement: As you can see last Sunday we were very Bearish at a time when price had rebounded from around US$320 to US$330. In hindsight, the bounce had a little more legs in it than initially expected, but as the primary view explains, the overall picture will remain Bearish according to the charts as long as we stay below US$400 and most like US$420. We have now turned Bearish across all time frames. Until proven otherwise any bounce is expected to just be new lower high until we can get back above US$420. What we thought was a nice....