Bitcoin short-term holders are slowly seeing profits evaporate as BTC price action trends lower, but more downside could be next. Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged the ongoing…
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A brisk slowdown in GDP fails to offer any direction for crypto markets, with Bitcoin slowly clawing back lost ground below $30,000. Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States gross domestic product (GDP) growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal…
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A “horrendous bearish engulfing” risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist. Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and…
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Bitcoin is seeing a “logical and healthy” pullback, commentary states, with $25,000 now a key BTC price line in the sand. Bitcoin (BTC) barely held $27,000 on April 22 as another round of losses left bulls with little firepower. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Giant RSI support retest greets Bitcoin bulls Data from…
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Bitcoin’s price risks more downside, with $28,000 now a key level to hold in order to avoid a return to the mid-$20,000s. Bitcoin (BTC) hit new intraday lows on April 21 as traders warned that $25,000 might come next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 BTC price would be “absolutely fine” Data from Cointelegraph…
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Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.” Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView…
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Bitcoin loses 3% on the day, with the start of Wall Street trading failing to rescue BTC’s price from the loss of $30,000. Bitcoin (BTC) headed lower into the April 17 Wall Street open as downside began liquidating longs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin’s price tipped for a break below $29,000 Data…
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Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation. Bitcoin (BTC) starts a new week under $30,000 as analysts’ predictions of a short-term support retest come true. The largest cryptocurrency saw a classic dive following its latest weekly close as the latest gains…
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Bitcoin faces a formidable trend line in $31,000, with United States equities providing a continued boost for BTC price upside. Bitcoin (BTC) preserved new 10-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from…
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Bitcoin and Ethereum lead a wave of excitement over future crypto gains, with analysis concluding that the “bottom is in.” Bitcoin (BTC) broke through $31,000 on April 14 as bulls hoped that altcoins would soon follow. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst eyes potential dip under $30,000 Data from Cointelegraph Markets Pro and…
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