Tag Archives: Bitcoin (BTC) Price

It’s clear that the market remains fearful of potential contagion from the FTX fallout. As a result, market participants are offloading their assets from the exchanges, which might trigger the last phase of this bearish cycle’s capitulation. Technical Analysis By Shayan The Daily Chart The market has likely entered a new phase of short to mid-term consolidation as the price dropped significantly. Nevertheless, during the consolidation phase, the price might retest the...

Market participants are going through a period of fear and uncertainty as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. As a result, Bitcoin plunged and marked a new low at $15.5K. Technical Analysis By Shayan The Daily Chart The $18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum. The market...

The cryptocurrency market continues to bleed out and in the past 24 hours, its total capitalization shed another $20 billion. The majority of coins are well in the red and the broader sentiment remains particularly negative and expects further contagion from the FTX fallout. Bitcoin Price Bleeds Out Bitcoin’s price currently sits at around $16,500, down 2.1% in the past 24 hours. This brings the total loss to about 22.6% in the past week. BTC has been trading relatively flat...

The past couple of days have been a complete rollercoaster in the cryptocurrency field, and there are no signs of slowing down. Just yesterday, FTX officially filed for voluntary Chapter 11 Bankruptcy proceedings in the US, sending the markets into another meltdown. Bitcoin Plunges Toward $16K Bitcoin’s price can’t catch a break. After attempting a recovery following positive CPI numbers Thursday, the cryptocurrency experienced another meltdown on Friday. BTC plunged from...

While the cryptocurrency industry is caught in what seems to be one of the largest debacles of the year, the US Bureau of Labor Statistics just published the numbers for the Consumer Price Index. The reality beat expectations, resulting in a massive spike in Bitcoin’s price, which reached $17,800 on Binance. The US Bureau of Labor Statistics just published the CPI for October, clocking in at 7.7%, increasing 0.4%, seasonally adjusted. The expectations were mostly for the...

Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance. Markets experienced a brief rally after Binance announced its intention to buy FTX, but have since retraced while FTX Token continues to dump. According to Coinglass, over $640 million in liquidations have taken place in the last 24 hours, with $182 million liquidated in the past hour alone.  The largest single liquidation took place on BitMEX on a Bitcoin / US...

Bitcoin has finally surpassed the 100-day moving average, which has been the most powerful resistance to the price for the last five months. After a short-term period of consolidation, the cryptocurrency went through another spike, returning the bullish sentiment to the market. However, Bitcoin is soon to confirm a bullish trend reversal as the price has reached a significant resistance region and marked multiple bearish signs in lower timeframes. Technical Analysis By...

After recording its highest daily close since September, breaking above the 100-day moving average line, Bitcoin’s price eyes higher targets. Technical Analysis Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price just broke above the 100-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the...

The US beat the expectations in terms of new nonfarm jobs reaching 261,000 such positions in October, rather than the estimated 205,000. Bitcoin reacted with immediate price fluctuations, dropping by a few hundred dollars before shooting up to a five-day high. CryptoPotato warned recently that there’re four major events coming at the start of November that could bring enhanced volatility to the crypto markets. The first – FOMC meeting – took place on Wednesday and the Federal...

Bitcoin’s short-term price action is still hanging in the balance, as it is currently consolidating in a key area. The next few days could determine whether the recent rally was really the beginning of a new bull market or just another bull trap. Technical Analysis By: Edris The Daily Chart On the daily timeframe, after breaking above the long-term bearish trendline and retesting both the trendline and $18K, the price has been trapped between two significant dynamic levels;...