Tag Archives: Bitcoin (BTC) Price

Bitcoin’s recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over. Technical Analysis By Shayan The Weekly Chart Looking at a bigger picture of Bitcoin’s price using the weekly timeframe, the price action looks similar to the final capitulation stage of the 2018 bear market. During the final...

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

Bitcoin’s price exploded following a consolidation and pullback phase. It is currently testing a key resistance level, and its reaction will likely determine the short-term future of the market. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is retesting the $25K resistance level once again after a rejection and bearish pullback several weeks ago. Considering the last day’s candle, bullish momentum seems very high at the moment, and a breakout...

Bitcoin soared back above $23,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week. The event has triggered $120 million in liquidations within the past 24 hours.  Bitcoin began the day trading for roughly $22,000 but began to climb at 11:38 US, reaching $22,800 within 40 minutes.  The cryptocurrency soared again at about 18:24, eventually climbing to a high of $23,348 by 19:30. It...

Bitcoin’s recent rally has improved the overall sentiment among market participants. This change of scene has spurred a positive momentum across the industry as signs of a bull market start popping. Technical Analysis By Shayan The Daily Chart The $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months. Most recently, the price attempted to surpass this level and failed, resulting in a consolidation correction stage. However,...

The past seven days saw the cryptocurrency market decline considerably and lose around $60 billion of its total capitalization. This came on the back of a regulatory crackdown on behalf of the United States Securities and Exchange Commission toward cryptocurrency staking. It all started a couple of days back when a report suggested that the SEC is targeting the crypto exchange Kraken to allege that its staking offerings represented unregistered securities. The following day,...

Bitcoin fell back to $22,000 on Thursday shortly after the Securities and Exchange Commission (SEC) laid charges against Kraken for the unregistered offering of its staking services.  Kraken agreed to halt the service and pay $30 million in disgorgement, prejudgment interest, and civil penalties, without admitting to or denying any wrongdoing.  According to the SEC’s press release, by letting users hand over their cryptocurrency in exchange for a promised return, Kraken’s...

The market has struggled to push above the significant resistance level of $25K, and now the price is slowly declining. Therefore, the possibility of a correction before the next rally has increased. Technical Analysis By Shayan The Daily Chart The $24K-$25K region is currently providing the most significant resistance for Bitcoin on the daily timeframe. It’s also a vital psychological level, as it has been the main barrier during the last eight months. However, due to the...

BitMEX co-founder and macro-market analyst Arthur Hayes is deploying his dry powder into Bitcoin sooner than previously planned, according to his latest blog post.  Hayes argued that despite his fears of a future crypto market retracement, there is still an opportunity to profit now from the ongoing risk asset rally that began last month.  The Rally Isn’t Over Hayes began his post, titled “Be Present”, by alluding to his previous post covering Bitcoin’s celebrated rally in...

Federal Reserve Chairman Jerome Powell spoke more on the future direction of monetary policy following an unexpectedly strong U.S. jobs report on Friday. Here’s what he had to say: During an interview, Powell reiterated his comments from last week that the economy’s disinflation is still within its very early stages – particularly in the housing sector.  Friday’s jobs report, which showed over 500,000 jobs created in December, reiterated that point. “It kind of shows you why...