Bitcoin's price has posted a slight retracement from its early-week high north of $35,000, wiping out more than $147 million in leveraged positions over the past 24 hours.Following in the same vein as Tuesday's market dynamics, shorts were again hit hardest, with almost $80 million positions liquidated compared to just over $68 million in long positions. The...
Bitcoin's price sustained its rally into a second week on Monday, with the digital asset rising 14.5% in the past 24 hours to break through the $34,000 mark for the first time since May, 2022.Gains Monday evening came as BlackRock's highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, made an appearance on a list maintained by the Depository Trust and...
A tight consolidation near the support of a range is a bearish sign, as it shows a lack of aggressive buying by the bulls. The downsloping 20-day exponential moving average (EMA) at $27,463 and the relative strength index (RSI) in the oversold territory indicate that bears are in command.If the price plummets below $24,800, it could hit the stops of several...
BTC is currently forming a new bottom around 💲26,000, and it is unclear whether this oscillation will continue as it did near 💲30,000. What we need to focus on now is whether the Federal Reserve will pause its interest rate hikes, which is an important indicator for market liquidity. The current support level for BTC is 💲25,800, and the resistance level is...
There are no prizes for guessing how Bitcoin ended its latest weekly candle.Despite holding $26,000 into the close, BTC/USD immediately went downhill after that, wicking to $25,880 before consolidating slightly higher, data from TradingView shows.The current market liquidity issue has not been resolved yet, and with September approaching, it is expected that...
The July CPI data is similar to market expectations, and this has only brought about a fluctuation of around $200 for BTC. The market liquidity is extremely low, causing BTC to fall below the MA30 moving average once again. This may lead to a new round of downward movement. The only thing that can change the market direction at the moment is the approval of BTC...
