Almost $400 Million in Liquidations as BTC Drops Below 20K
Despite the rally during the past couple of weeks, the cryptocurrency took a beating today. Bitcoin’s price plunged by more than 5%, dropping $20K. The total liquidations on a 24-hour…
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Worrying Signs for BTC But is a Drop Below $20K in Play? (Bitcoin Price Analysis)
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…
Bitcoin Price Analysis: After Spiking to 7-Week High, Can BTC Target $24K Next?
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…
Bitcoin Taps 5-Day Peak on Higher Than Expected US Job Report
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…
Recent Rally: Bull Trap or Start of a Bull Wave for BTC? (Bitcoin Price Analysis)
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…
Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600
The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting. As usual, Bitcoin experienced volatility upon…
Bitcoin Will Not Reach $100K: Allianz’s El-Erian Says
Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he…
Longest Negative Streak for Gold After 7 Monthly Red Candles
2022 has been quite painful for investors, with most assets dumping hard. The cryptocurrency industry is no different. Bitcoin, for example, is down by about 70% since its peak in…
Bitcoin’s Rally Halted at $21K, This Level Must Hold to Prevent Another Bearish Move (BTC Price Analysis)
Bitcoin is struggling to continue the recent rally, as the price has been retracing over the last few days. However, considering the significant support levels available, the short-term future is…
Current Bitcoin Bear Market Exactly Like Previous Ones But There’s a Catch
In its ‘week on-chain’ report on Oct. 31, analytics provider Glassnode made a number of comparisons between the current Bitcoin market cycle bottom and those from previous bear markets. Last…
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