BTC price hits $56K as bulls return and talk focuses on Bitcoin ETF approval
A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-time highs. Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price beats Wednesday’s highData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum.Wednesday’s dramatic uptick had topped out at $55,800, this remaining the level to beat as the pair then spent....
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Bitcoin has surged to a new all-time high, reaching $126,000, before entering a short consolidation phase as traders await confirmation of a breakout into uncharted territory. The move marks another milestone in Bitcoin’s relentless uptrend, fueled by optimism across both institutional and retail segments. However, the market now faces a critical test — whether bulls […]
Markets are anything but calm on Tuesday as bulls grapple for control of significant price points. Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price hits one-month highData from Cointelegraph Markets Pro and TradingView showed BTC/USD adding another 5% Tuesday to briefly return to the psychologically significant price point.The latest success of Bitcoin’s “Uptober,” bears were swept aside as resistance levels tumbled.The largest cryptocurrency had benefited from....
Speculation about the Winklevoss twins’ Bitcoin ETF possible regulatory approval continues. On March 11, the US Securities and Exchange Commission should come to its “yes” or “no” verdict after almost four years of waiting. It may happen by the time two of the world’s top Bitcoin exchanges that are based in China - Huobi and OKCoin - would have resumed their full withdrawal services. Most commentators are certain that the first Bitcoin exchange traded fund or ETF is not likely to be approved. However, commentaries are still divided over the issue and none of the stakeholders rule out the....
If you read this morning's twice-daily bitcoin price watch piece, will be more than aware that we address the relative inactivity in the bitcoin price we've seen throughout the last couple of weeks, and our resulting difficulty as far as getting in and out of the markets according to our intraday breakout strategy has been concerned. We've not really had enough volatility to reach our pre-slated targets, and have - as a result - we chopped out for small losses are a number of occasions. We hope that today's action would bring a return to the volatility we enjoyed over the last couple of....
Bitcoin’s long-to-short ratio has dropped to a five-month low, but bears are not taking the bait, suggesting bulls are still in control of BTC price. Margin trading allows an investor to borrow money or cryptocurrency to leverage their trading position and increase its size or the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin (BTC), thus increasing the exposure. Although there’s an interest rate involved with borrowing, the trader expects BTC's price appreciation to compensate for it.Newer traders might be unaware of this, but investors can borrow BTC....