Tag Archives: btcusdt

Bitcoin’s price has been stuck in a tight static range between $25K and $30K, consolidating without a clear direction. It must break out of this critical range to determine its future direction. Technical Analysis By Shayan Daily Chart Bitcoin’s price has formed an ascending channel on the daily timeframe and is attempting to surpass the upper trendline. However, the channel’s upper boundary roughly aligns with the major resistance region of $30K, creating a robust barrier in...

Cryptocurrencies performed significantly better than other asset classes in the first quarter. As selling exhausted since the collapse of FTX, digital assets managed to rake in gains not seen in two years. According to IntotheBlock’s latest newsletter shared with CryptoPotato, Bitcoin and Ethereum – the two largest cryptocurrencies – have realized their largest quarterly price gains since Q1 2021. On-chain Review Bitcoin’s market cap increased by 20% in March alone, adding to...

Bitcoin bounced off in the last hours of March, reclaiming $28,000 and posting a 23% price increase for the third month of the year. Several altcoins are also well in the green, with ETH surging past $1,800, while SOL has returned to over $20. BTC Back Above $28K The primary cryptocurrency has been on a rollercoaster for the past several days. It dumped by $1,500 on Monday when the US CFTC sued Binance and Changpeng Zhao before the bulls intercepted the move and pushed the...

The past seven days made for quite an exciting week in the cryptocurrency field, despite the fact that some of the events weren’t particularly positive. However, the market managed to stabilize and consolidate, gaining around $14 billion in the process. Let’s dive in. On March 27th, the United States Commodities and Futures Trading Commission (CFTC) slapped Binance – the world’s leading cryptocurrency exchange – with a lawsuit. The 74-page complaint also included its CEO,...

Nassim Nicholas Taleb – a Lebanese-American economist known as the author of the book “The Black Swan” – started a quarrel on Twitter with the Canadian professor of psychology – Jordan Peterson – over bitcoin’s possible capability to ease monetary issues. The former is a keen critic of the primary cryptocurrency, while the latter thinks it could provide benefits in times when the economy marches towards digitization. Taleb’s Warning on Peterson’s Advice As reported by Daily...

The Supreme Court of Denmark ruled that people should be subject to taxation when generating profits by selling bitcoin. The legislation will apply to both investors and miners.  The Court’s Decision Højesteret – the third and final instance in all civil and criminal cases in the Kingdom of Denmark – announced on March 30 that investors who made any profits when selling bitcoin holdings will have to pay taxes.  The magistrates claimed that people buy BTC, hoping to sell it at...

Bitcoin’s price has been consolidating following the recent recovery. While the market structure has shifted bullish in the short term, there is still a key level for the price to take out to begin a new bull market. Technical Analysis By: Edris The Daily Chart: On the daily chart, it can be seen that the price has been ranging below the $30K level over the last 10 days. Yet, today’s candle is showing promising momentum to the upside, and the price could finally test the key...

The United States Commodity and Futures Trading Commission (CFTC) is suing the CEO of the world’s largest cryptocurrency exchange Binance – Changpeng Zhao. As a result, the BTC price lost over $1400 in minutes. According to a CNBC report, CZ – the CEO of Binance – is being sued by the CFTC for allegedly violating trading regulations. The court filing stipulates that the exchange has taken a “calculated approach to solicit US customers in violation of federal regulations.” CZ...

After reaching the critical price area of $29-30K, Bitcoin’s bullish rally got rejected, and the price went back into the $27-28K consolidation range. Over the next short-term, the $30K mark will likely serve as the most major resistance. This range was the bottom recorded in mid-2021 before the rally to the current Bitcoin’s ATH at $69K recorded in November 2021. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 100-day moving average line at...

The trading volumes have gone down during the weekend, resulting in BTC failing to produce any significant moves in either direction. The altcoins have also stalled on a daily scale, while XRP has emerged as one of the best performers for the past seven days. Bitcoin Boring at $27.5K A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break now. The asset exploded from under $20,000 to over $28,000 during the US...