Bitcoin price jumped toward $48,000 after the hacked SEC account tweet. BTC trimmed all gains, but the uptrend support is still intact near $45,200. Bitcoin spiked toward the $47,800 and $48,000 resistance levels. The price is trading above $45,500 and the 100 hourly Simple moving average. There is a major contracting triangle forming with resistance…
Read more
As we step into 2024, Bitcoin opens the year with a remarkable price of $47,000, signaling a potential shift in the market dynamics. This new year brings with it a historic moment for Bitcoin – its first-ever ‘Golden Cross’ involving the 50-week and 200-week moving averages (MAs). This rare occurrence is not just a technical…
Read more
Amid the anticipation circling the Bitcoin Spot Exchange-Traded Fund (ETF) approval, crypto analyst CryptoQuant has made a bold prediction for the digital asset beforehand. 2 Major Scenarios For Bitcoin Price CryptoQuant, a well-known cryptocurrency expert, has revealed two major scenarios for Bitcoin in advance to BTC Spot Exchange-Traded Fund (ETF). According to the analyst, BTC…
Read more
Bitcoin price was able to clear the $44,500 and $44,700 resistance levels. BTC is up over 5% and might soon attempt a move toward $48,000. Bitcoin is gaining pace above the $45,500 resistance zone. The price is trading above $45,000 and the 100 hourly Simple moving average. There was a break above a key contracting…
Read more
All applicants for a spot Bitcoin exchange-traded fund (ETF) have submitted their final Form S-1 amendments to the United States Securities and Exchange Commission (SEC). This marks a pivotal moment, especially as the deadline for submission was set for 8:00 am EST today, January 8. Leading the pack, Valkyrie submitted its final S-1 amendment well…
Read more
Bitcoin price is still struggling to clear the $44,500 and $44,700 resistance levels. BTC is showing a few bearish signs and might drop toward $42,150. Bitcoin is facing a major hurdle near the $44,500 resistance zone. The price is trading below $44,000 and the 100 hourly Simple moving average. There was a break below a…
Read more
VanEck’s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world’s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent. BlackRock’s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned…
Read more
Bitcoin (BTC) began 2024 on a positive note gaining by 3.18% in the first week of the year, according to data from CoinMarketCap. The premier cryptocurrency is expected to herald in a bull crypto season, with many investors expecting immediate approval of Bitcoin spot ETF proposals by various asset managers. However, regardless of the decision…
Read more
As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors. Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming…
Read more
Bitcoin price recovered further above $43,500 but struggled near $44,500. BTC is correcting gains and might test the $42,150 support zone. Bitcoin recovered above the $43,500 resistance and remained in a positive zone. The price is trading below $44,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
Read more
