Bitcoin regains yearly open as trader says $50K next week 'might be likely'
All that keeps Bitcoin price action from its next milestone is a fresh dip below $45,000. Bitcoin (BTC) consolidated above the 2022 yearly open on April 2 after a return to form briefly saw bulls reclaim $47,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price holds "crucial" long-term supportData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $46,600 Saturday on the back of a clear bounce at long-term support.The pair had dipped to lows of around $44,300 Friday, these nonetheless shortlived as positive sentiment took control into the Wall Street....
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BTC price breaking out of its established trading range is proving harder than expected. Bitcoin (BTC) showed signs of recovery from an overnight rout on April 1 after the Ides of March caught up with bulls at the last minute.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin faces "pivotal" momentData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $45,500 on April 1's Wall Street open.The pair had dipped to near $44,000 into the March monthly close, the pullback fuelled by a combination of macro factors and actions by large-volume wallets.European....
Bitcoin continues to observe new yearly lows for volume as volatility also continues to decline further. Bitcoin Volume And Volatility At Yearly Lows As per an Arcane Research report, the 7-day average trading volume for BTC continues to hit yearly lows. This is the third consecutive week that the indicator has plunged down. The below […]
Ethereum (ETH) grabbed fresh attention on June 16 as futures open interest climbed to a yearly high of $36.56 billion. Prices bounced back above $2,600 and hovered near a key resistance level that has held for months. Traders piled into new positions, setting the stage for a big move in either direction. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level Futures Open Interest Hits Yearly High According to CoinGlass data, open interest in ETH futures jumped sharply over three days, hitting $36.56 billion on Monday. That number marks the highest level....
Bitcoin price action seems willing to consolidate recent gains, with the yearly open still viewed as the crucial level to maintain. Bitcoin (BTC) hinted at a welcome retracement overnight into March 30 after relentless upside failed to flip $48,000 to support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: BTC still on target to crack $50,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $46,572 on Bitstamp as Wednesday began — its lowest since March 27.A susbequent rebound alleviated some of the losses, and at the time of writing, the pair....
Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week. Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin fakeouts: Third time's the charm?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion's share of the week's progress.Traders had sounded the alarm on a possible retracement after a large sell wall appeared on....