Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies
BTC and altcoins were hit by another round of selling as analysts say a worsening macroeconomic climate threatens to push Bitcoin price below $40,000.
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Bitcoin price is ‘likely starting the next push up’ if $42K holds as support
Multiple technical indicators suggest that BTC is preparing for a breakout, despite concerns about rising inflation and conflict in Ukraine.
Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out
Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.
Bitcoin price consolidates in critical ‘make or break’ zone as bulls defend $42K
Analysts express mixed views on BTC’s short-term prospects, but most agree that $42,000 is the level to watch.
Analysts say Bitcoin price is in the ‘profit-taking’ zone with a ceiling at $45K
BTC bulls want to confirm this week’s trend reversal, but analysts warn that Bitcoin price is in a “profit-taking” zone where $45,000 is expected to stand as resistance.
Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended.
Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support
Bulls seek to flip $44,000 to support and analysts forecast further upside for BTC, calling the asset “the Amazon of our time.”
Bitcoin price dips below $37K as a descending channel pattern comes back into play
Bitcoin’s repeat visit to the sub-$37,000 range is re-enforcing analysts’ view that BTC is either set for a lengthy consolidation or further downside.
Fidelity: Bitcoin is a ‘superior form of money’
Fidelity argued Bitcoin should be considered separately from the rest of the digital asset market as no other altcoin comes close to its properties
Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets
Analysts foresee prolonged weakness in BTC and altcoins following hawkish comments from the Federal Reserve.
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