BTC price action repeatedly tests the mettle of $27,000 support, with Bitcoin analysis differing over what comes next. Bitcoin (BTC) attempted to rescue $27,000 support on March 28 as the dust settled on United States regulatory action against the Binance cryptocurrency exchange. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance CEO dismisses “disappointing” complaint Data…
Read more
Bitcoin market volatility dries up as sideways trading cools bullish BTC price predictions in the near term. Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate. BTC/USD 1-hour candle chart (Binance). Source: TradingView Bitcoin in “slow chop” until Monday Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it…
Read more
The U.S. central bank’s liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin. As of March 22, the Fed’s balance sheet surged by nearly $94.5 billion — a $297 billion increase from the last week when the banking crisis started. New QE hopes boost Bitcoin price Overall, the U.S.…
Read more
Bitcoin price action targets $28,500 with “all classes” buying BTC, but the odds of the Fed pausing rate hikes are decreasing by the hour. Bitcoin (BTC) headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin…
Read more
The comedown of the past nine months has disappeared during this week’s bank-crisis-inspired Bitcoin price surge. Bitcoin (BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022. In the latest knock-on effect from this week’s surge above $26,000, data from TradingView shows that Bitcoin market cap dominance is…
Read more
Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted due to extreme losses. Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price…
Read more
Bitcoin and crypto react bullishly to news that the Fed is providing liquidity again in the wake of Silicon Valley Bank failing and Signature Bank being closed. Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the United States economy. In a move which can…
Read more
BTC price action is getting traders worried that $20,000 may not survive in the event that Bitcoin loses current support. Bitcoin (BTC) rested at multi-week support at the March 9 Wall Street open as concerns over a deeper BTC price drop increased. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader: $19,700 “on the table” Data…
Read more
Bitcoin threatens to remove $22,000 as support as BTC price suffers against a booming DXY. Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Employment stats boost Fed hawks, BTC price dips Data from Cointelegraph Markets Pro…
Read more
Research warns that Bitcoin bulls have much to do to preserve newly-won support, but failure could still see a BTC price cascade below $20,000. Bitcoin (BTC) stayed near key support on March 5 as the weekly candle close brought fresh fears of a breakdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst warns over fate…
Read more
