Bitcoin Price Analysis: Was $55K The Local Bottom?
The technical indicators are showing potential signs of a bottom at $55.4K. Bitcoin’s price has built a base of support in the mid $50K area recently, with bullish divergence forming…
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The technical indicators are showing potential signs of a bottom at $55.4K. Bitcoin’s price has built a base of support in the mid $50K area recently, with bullish divergence forming…
Bitcoin’s price has failed to recover and seems to be struggling below the $60K mark. As of now, BTC has lost 7% over the last week, trading in the range…
Roughly around two days ago, bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp), causing moderate turmoil within the community and raising the question of how far the…
Bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp) and is currently down around 3.5% on the day and 11.8% on the week. The entire market seems to…
Liquidations of long positions managed to push the bitcoin price below the 21-day and the 21-day EMA. The technical momentum on the daily timeframe has been weakening with the current…
It’s been a challenging day for crypto bulls as the price of almost every single cryptocurrency from the top 50 is in the red on a 24-hour scale. The same…
Since the major drop on Wednesday, the bitcoin price mostly traded around the same range of $64K. Today is the last day of the week; this means that on midnight UTC…
Bitcoin’s price went through a near-term pullback that was largely driven by leverage long liquidations. It sent the open interest down $1.5 billion. There are no signs of aggressive distribution…
Bitcoin continues with the technical breakout above $64.8K. It’s also worth noting that, from a macro perspective, the SPX recently reached a major technical target at 4710, struggling to close…
Bitcoin is up 7.6% in the past seven days, but it charted 6% gains in the past 24 hours alone in a very formidable push. However, it’s worth noting that…