Bitcoin spikes to $44.5K amid fresh warning over ‘exceptionally high’ stocks correlation
Resistance still has a shot at being flipped Tuesday, but it still looks like anything but plain sailing for hodlers thanks to macro cues.
Auto Added by WPeMatico
Resistance still has a shot at being flipped Tuesday, but it still looks like anything but plain sailing for hodlers thanks to macro cues.
Plans to include crypto in enhanced surveillance by the Canadian government has the unintended knock-on effect of fuelling "unstoppable money."
Valentine's Day keeps the volatility at bay, but stocks are hinting at the likelihood of more exciting times ahead.
Zooming out Bitcoin charts to longer-timeframes puts BTC price in the middle of a large bear cycle, according to one analyst.
Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with Bitcoin now offering network security never seen before in its history.
The end of the weekly candle could soon give way to a more pressing $42,400 target should the market move significantly overnight, one trader says.
It did not take much — around $3,500 off the Bitcoin price — for crypto traders to have a change of heart.
There is increasingly little room for maneuver on hourly and 4-hourly charts as the week's trading comes to a close.
Rare signals coming from derivatives markets echo the start of previous Bitcoin price run-ups, but a bearish retest of support could come first, says Decentrader.
Bitcoin outsmarts bears as $1,800 losses turn to even stronger gains on the start of Wall Street trading.