Crypto sentiment is “hysterical” with Bitcoin under $22,000, but no major trend lines have been lost yet, one analyst argues. Bitcoin (BTC) edged closer to $22,000 over the weekend as traders and analysts urged caution on overly bearish sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst dismisses “hysterical” crypto sentiment Data from Cointelegraph Markets…
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Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term. The United States Federal Reserve Chairman Jerome Powell said on Feb. 7 that the “disinflationary process, the process of getting inflation down,” has started but it is still in its very early stages. He…
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BTC price upside depends on whether two long-lost moving averages can be flipped to support, Bitcoin analysis predicts. Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” a new analysis says. In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked…
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Bitcoin’s best case scenario is $25,000 before a correction, one trader believes, as BTC price upside cools. Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 “best case” for BTC/USD Data from Cointelegraph Markets Pro…
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Bitcoin retains higher levels after gaining 40% or more this month, but concerns of a BTC price correction are never far away. Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months. Despite opposition, the largest cryptocurrency is holding on to its newfound strength and…
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A further boost to crypto markets precedes the Wall Street open, but order books are warning of “fading” upside. Bitcoin (BTC) set yet another multi-month high before the Jan. 18 Wall Street open as United States macroeconomic data fell far wide of expectations. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView U.S. PPI numbers fall wide…
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The ghost of FTX haunts the crypto industry, but Bitcoin is attempting to leave it behind as BTC price gains endure. Bitcoin (BTC) starts a new week at new 2023 highs but still dividing opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed lower,…
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BTC price optimism is limited at best after multi-month highs, with Bitcoin traders fearing a reversion to macro lows. Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back. Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cointelegraph Markets Pro and…
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A new 100-week “point of control” is appearing below $17,000 as the age-old Bitcoin trading range endures. Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price…
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The Bitcoin Bollinger Band “squeeze” is not a firm indicator of a breakout, says the metric’s creator. Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from…
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