BTC price action shrugs off the latest signs that inflation is receding, with Bitcoin traders focused on Fed comments. Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView PPI offers Bitcoin bulls little fuel Data from…
Read more
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking “action packed” for crypto volatility. Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says. In its latest market update on June 9, trading firm…
Read more
Exchange Bitcoin holdings, unlike Ether, appear stable in light of the Binance and Coinbase lawsuit news. Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain losses “remain quiet” BTC/USD dipped to just…
Read more
Conditions are ripe for a Bitcoin range breakout, but fears among traders are that a deep correction is due. Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Powell leaves market with “tons of uncertainty” Data…
Read more
1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back. Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of…
Read more
Bitcoin remains in a tight range with low liquidity, but expectations for new local lows are increasing. Bitcoin (BTC) looked poised to give up $27,000 as support on May 17 with traders lying in wait for new lows. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Whales meet low liquidity Data from Cointelegraph Markets Pro…
Read more
Bitcoin is showing the strength it needs for a continuation higher, says Michaël van de Poppe, after key trend lines are preserved. Bitcoin saw five-day highs on May 15 as a rebound continued after the Wall Street open. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView $40,000 “still a magnet” for BTC price Data from…
Read more
Bitcoin may be up 7.5% since Friday, but BTC price action is not giving everyone cause for positivity. Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price gains over 7% in two days Data from Cointelegraph…
Read more
BTC price action is shaping up to repeat a rare Bollinger Bands breakout, which only happens once per halving cycle, data suggests. Bitcoin (BTC) could be set for historic gains thanks to a simple trend line breakout, a popular trader hopes. In a Twitter discussion on May 5, Titan of Crypto flagged a rare bull…
Read more
Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers. Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action rebounds from stocks slump Data from Cointelegraph Markets…
Read more
