Bitcoin price is rising and approaching a major hurdle at $23,250. BTC remains at a risk of more downsides before it could start a fresh increase to $25,000. Bitcoin is attempting a fresh increase above the $23,000 resistance zone. The price is trading below $23,200 and the 100 hourly simple moving average. There is a…
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Bitcoin (BTC) has slowed recently, with price action relying on previously recovered support areas to continue its uptrend and outstanding performance since the beginning of the year. Lately, there have been more expectations of BTC breaking into new levels and reaching yearly highs. Despite the slowdown in Bitcoin’s price action, some indicators suggest that it…
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Bitcoin price started another downside correction below $23,250. BTC remains at a risk of more downsides before the bulls appear near $22,200 or $22,000. Bitcoin started a downside correction and traded below the $23,500 zone. The price is trading below $23,200 and the 100 hourly simple moving average. There was a break below a key…
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Sentiment data reveals that the Bitcoin price upwards trend from November lows to as high as $23,960 on January 30 was marked by “sober” traders. Bitcoin Traders Are Not Greedy Per the Fear and Greed Index, the 40% surge of BTC prices to January highs is unlike other periods in the coin’s boom and bust…
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The bitcoin mining difficulty has once again clocked a new all-time high. This adjustment is one of the largest positive adjustments so far for the year, and with the new ATH comes a brand new set of implications for the digital asset. Bitcoin Mining Difficulty Reaches New High On Sunday, January 29, the bitcoin mining…
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Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of the $25,000 resistance zone. Bitcoin is gaining pace above the $23,500 resistance zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle…
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Bitcoin prices have been on the rise in the last couple of weeks and the digital asset has been able to return to its November 2022 levels. This has been a much-needed boost for the market during this time, but an unexpected investor group is reportedly driving the price of the cryptocurrency. Bitcoin Surges Are…
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The conditions of the cryptocurrency market have changed drastically; according to an analysis by QCP Capital, the options market in its current state makes the crypto industry look like a major crisis, such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened. Trading desk QCP Capital published observations on the crypto…
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According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average stands at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was changing hands at the $40,000 range. Bitcoin Supply In Loss At 32% The Bitcoin supply in loss is…
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Bitcoin price failed to settle above $23,500 and corrected lower. BTC is trading above $22,400, but it is now trading below the 100 hourly SMA. Bitcoin is slowly moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a key contracting triangle forming…
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