Bitcoin price falls to $31K as traders prepare for a ‘rocky’ road and more downside
BTC price hits a 2022 low as on-chain data points toward capitulation by traders adopting a risk-off approach to crypto and stocks.
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Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K
Crypto market weakness continues into May as analysts suggest that deteriorating sentiment could lead Bitcoin price to re-test $28,000.
Bitcoin network difficulty breaks into a new all-time high of 29.794T
While Bitcoin miners continue to pursue the last 2 million BTC into circulation, the overall network is well-positioned to attain greater resilience against vulnerabilities.
Bitcoin halving analysis hints at $24K bottom before the end of 2022
Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.
Bitcoin network hash rate hit a new record high amid price volatility
Bitcoin network hash rate hit a new record high, seeing a 400% increase since the mining ban by China last year.
Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K
BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.
Bitcoin hits $40K, investors pump Dogecoin (DOGE) after Musk confirms Twitter purchase
Markets took a turn for the better after BTC reclaimed $40,000 and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.
Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K
Bitcoin’s breakout above $42,000 was short-lived, leading some analysts to suggest that swing trading BTC’s range is the smartest move for now.
Analysts say Bitcoin has ‘already capitulated,’ target $41.3K as the most hold level
On-chain data suggests that the market has “already capitulated” and traders identify a bullish technical analysis pattern with a breakout target near the $41,300 level.
Bears control Bitcoin price, but traders say the $40K zone is still good ‘for longs’
$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.
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