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Bitcoin managed to daily close back above $48.1k, but met with selling pressure throughout the day, hitting an intraday low of $46.3k, according to Bitstamp. Short-term technicals have turned cautiously…
After BTC topped out at $50.5k, the short-term technicals began to turn cautious and slightly bearish as 4-hour, and daily momentum slowed and started to trend lower. Considering Bitcoin has…
Bitcoin price staged an impressive rally above resistance at $48.1k and closed the past week’s candle at the highs at $49.2k to make the second consecutive weekly close above the…
The bitcoin price has shown impressive strength lately, outperforming global stock markets, despite a risk-off environment and a rising U.S. dollar. On Friday, BTC retested the local highs at $48.1k…
BTC has been showing significant signs of strength after reclaiming the critical 200-day moving average, even with SPX futures diving on Thursday morning. The SPX recovered throughout the day, with…
BTC made another attempt to reclaim the 200-day moving average but was met with selling pressure as global stocks fell again amid fear of the Federal Reserve tapering asset purchases.…
BTC’s weekly close above the 21-week and 200-day moving averages flashed the largest technical buy signal since April 2020, marking a major step forward for potential bull market continuation. Although…
Yesterday’s BTC price action shook traders throughout the day with rounds of short and long liquidations. Bitcoin’s price managed to hold the 200-day moving average at $45.3k as support, making…
Recent BTC price action intensified after BTC closed above the 200-day moving average line on the daily time-frame, but then closed back below this significant key level on Thursday. However,…