Bitcoin clings to $19K as trader promises capitulation 'will happen'
A dull weekend sees BTC price action erase any trace of the week's volatility as commentators wait for excitement to return. Bitcoin BTC stayed rigidly tied to $19,000 into the Oct. 16 weekly close as analysts warned that volatility was long overdue.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: BTC volatility a "matter of time"Data from Cointelegraph Markets Pro and TradingView captured a lackluster weekend for BTC/USD as the pair barely moved in out-of-hours trading.After United States economic data sparked a series of characteristic fakeout events over the week,....
Related News
There are some strong similarities to summer 2021 for Bitcoin currently, while the outlook for Ethereum is bleak, one trader suggests. Bitcoin (BTC) consolidated above $42,000 prior to Wall Street's opening bell on Jan. 7 as more similarities to last year's lows emerged.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC "very closely" mimicking May behaviorData from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support.Earlier, after briefly falling below $41,000, analysts had warned that a further....
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss how much longer this crypto winter could last. On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets.To kick things off, we break down the latest news in the markets this week:Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocksA relief bounce on risk assets looks in store after Empire State Manufacturing Index numbers for October fall far short....
No sign of a breakout as $33,000 becomes resistance overnight and altcoins trade mostly flat as a result of BTC price weakness. Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday.Earlier in the week, $33,000 saw multiple tests but remained in place as support, this only coming undone on Thursday.$33,000 then....
On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal Open Market Committee (FOMC) meeting. Federal Reserve Chair Jerome Powell announced an interest rate cut for the first time in 2025. The general crypto market rallied on the back of this rate cut announcement, with the Bitcoin price running to a monthly high and almost breaking above the $118,000 level on the day. However, the premier cryptocurrency has failed to build on this momentum, retreating to around $115,500 on Friday, September 19. With price unable to....
On-chain data shows the Bitcoin Hash Ribbons are signaling that the miners are still under immense pressure as their capitulation continues. Bitcoin Hash Ribbons Are Yet To Signal End Of Miner Capitulation In a post on X, CryptoQuant community manager Maartunn has shared what the latest trend in the Bitcoin Hash Ribbons has been looking […]