Tag Archives: btcusd

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future direction. Nevertheless, a bullish divergence between the price and the RSI indicator,...

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in the Bitcoin (BTC) mining space that investors can take advantage of. The report went on to compare the gains that investors will see with exposure to only Bitcoin and a diversified...

Bitcoin’s price is currently testing a key area, and its reaction could determine the mid-term price action of the market. Therefore, it would be beneficial to analyze the possible scenarios thoroughly. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been testing the 50-day moving average, located around the $26,500 level, over the last few days. In the event of a bullish breakout, Bitcoin is likely to move towards the $27,500 resistance...

Bitcoin’s price has recently rebounded from $25K support, but it is currently facing rejection from a key resistance zone. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rising after finding support near $25K. However, the 50-day moving average, around $27K, is pushing the price down. Another significant resistance level is the 200-day MA, trending near $28K. The price must overcome this resistance to retest the $30K level. Conversely,...

Though Bitcoin (BTC) continues to trade well below its 2021 November 2021 highs, Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications chief, remains steadfastly bullish on the asset. Speaking at the Messari Mainnet conference in New York, Scaramucci expressed confidence that the worst of the bear market is now behind us. Why Bitcoin Goes Up From Here: Scaramucci During a fireside chat titled “Why I’m still bullish,” Scaramucci encouraged...

Bitcoin’s price increased by a little less than 1% in the past seven days. The week was, overall, positive for the industry as the total market capitalization approaches the $1.1 trillion cap. The biggest news of the week is undoubtedly the US FOMC meeting that happened on Wednesday. According to the official announcement, the central bank took the decision to maintain the target range for the federal fund rate at 5-1/4 to 5/12 percent. The statement also noted that job gains...

The ‘honest’ mistake did eventually cost Alameda some millions of dollars. An individual simply identified as Baradwaj has dropped a bombshell of an accusation on his former employer Alameda Research. According to him, Alameda, which was owned by Sam Bankman-Fried, played a prominent role in the downward spiral of Bitcoin (BTC) that saw its prices plunge over 87% on Binance.US within minutes. This was back in 2021. At the time, BTC’s price dipped to as low as $8,200 from around $65,760,...

The Federal Reserve announced no change to its policy interest rate following its Federal Open Markets Committee (FOMC) meeting on Wednesday. Likewise, Bitcoin’s price showed little change after the announcement, down just 0.17% on the day. Per the Fed’s announcement, the central bank “decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.” The statement noted that while job gains have slowed, they remain elevated. Unemployment is also...

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff...