BingX’s Bitcoin Chart
In the first trading week of 2023, the market was still consolidated with extremely low volatility and trading volume. Bitcoin's volatility has hit record lows one after another, and a new round of changes is brewing. The probability of Bitcoin's upward turnup still exists, but it needs to wait patiently for market confidence to...
BingX’s Bitcoin Chart
Bitcoin has hit the resistance level of $17,000 twice in a row, and it still has not successfully broken through. At present, Bitcoin has risen and fallen back, but there is still the possibility of a rebound in the short term. If Bitcoin starts a rally, its sustainability will be crucial. This determines whether Bitcoin can break through...
After failing to challenge $18,000 some time ago, the price of Bitcoin has never made a big breakthrough. The bitcoin price has entered a low volatility channel. The cryptocurrency market is already showing signs of malaise, both in the short and medium term. In the short term, $16,000 remains a key support level for Bitcoin and a critical point for market...
BingX’s Bitcoin Chart
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Bitcoin rebounded after stepping back on the support of $16,000, but whether a bottom structure has been formed still needs further confirmation. If BTC continues to rally above the $18,000 resistance this week, the market’s optimism will rise further. We also need to watch the $16,000 support level. If BTC falls below this...
BingX’s Bitcoin Chart
Bitcoin is up 0.36% over the last 24 hours and rose to an intraday high of $16,660.00. The largest cryptocurrency continues to trade between $16,500 and its 20-day exponential moving average (EMA) of $16,822, suggesting investors are still not active. If the price turns down and slips below $16,500, the selling could pick up pace and the...
BingX’s Bitcoin Chart
Bitcoin is down 1.01% over the last 24 hours and fell to an intraday low of $16,458.52. The largest cryptocurrency has been trading between $16,500 and its 20-day exponential moving average (EMA) of $16,852 for the past few days, suggesting traders are not clear about the next directional move. The 20-day EMA is sloping down gradually and...
BingX’s Bitcoin Chart
According to CryptoQuant, more than $19 billion in BTC, ETH, stablecoins left crypto exchanges since November 5, 2022. Bitcoin is down 1.22% over the last 24 hours and fell to an intraday low of $16,589.28. The cryptocurrency market has experienced record-low volatility as investors have largely stayed away during the holiday season. The...
Based on Bitcoin's recent behavior, it is still trading below the $17,000 resistance level, which it has been unable to break effectively. The quick recovery from last night's slight drop in Bitcoin is a sign of jittery market sentiment. If bitcoin does not break through resistance in the near term, it will continue to oscillate between $16,500 and $16,880.
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BingX’s Bitcoin Chart
Bitcoin has been on a downward trend since it fell from $69,000 to the present without a decent rally. Bitcoin is currently in a low volatility range for a long time, and has yet to see a major upward or downward trend. If BTC can pull back $18, 500, then there is a reasonable chance that the decline will be reversed and a choppy climb...
BingX’s Bitcoin Chart
Bitcoin price is almost flat over the last 24 hours. The largest cryptocurrency has been trading below the 20-day exponential moving average ($16,985) since Dec. 16, which has become a crucial resistance level. A breakout from here will potentially initiate an uptrend in the short term. The flattish 20-day EMA and the relative strength...
BingX’s Bitcoin Chart
Bitcoin is up 0.20% over the last 24 hours and rose to an intraday high of $16,916.63. The largest cryptocurrency has been trading below the 20-day exponential moving average ($16,985) since Dec. 16, and the bears have not been able to capitalize on this situation, which suggests that lower levels are attracting buyers. The flattish...
BingX’s Bitcoin Chart
Bitcoin is up 1.65% over the last 24 hours and rose to an intraday high of $17,061.06. The largest cryptocurrency attempted to break above the 20-day exponential moving average (EMA) ($16,985), but the price was unable to sustain above the level, indicating that the sentiment remains negative and traders are selling on rallies. If the...
BingX’s Bitcoin Chart
According to Glassnode, Ethereum balance on exchanges reached a 4-year low of 19,523,141.398 ETH. Bitcoin is down 0.25% over the last 24 hours and fell to an intraday low of $16,636.31. The price of Bitcoin has not changed too much during the weekend. The 20-day EMA has started to turn down and the RSI has dipped below 43, indicating that...
BingX’s Bitcoin Chart
Bitcoin is down 4.15% over the last 24 hours and fell to an intraday low of $16,528.49. The largest cryptocurrency turned down and broke below the 20-day EMA of $17,095 on Thursday, suggesting that the sentiment turned negative and the bears were selling the relief rallies. The 20-day EMA has started to turn down and the RSI has dipped...
BingX’s Bitcoin Chart
Bitcoin is down 1.73% over the last 24 hours and fell to an intraday low of $17,275.51. Bitcoin is trending downwards after reaching a one-month high of $18,387 around the latest macroeconomic data and policy update from the United States, suggesting investors are worried about the future outlook of the U.S. economy. The relative strength...
BingX’s Bitcoin Chart
The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level...
BingX’s Bitcoin Chart
According to the U.S. Bureau of Labor Statistics, U.S. inflation rose 7.1% versus the expectations of 7.3%. Core inflation, which excludes more volatile food and fuel costs, increased 6% versus expectations of 6.2%. Bitcoin is up 3.7% over the last 24 hours and rose to an intraday high of $18,000.00. The largest cryptocurrency hit new...
BingX’s Bitcoin Chart
According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither...
