Category: BTC Markets

Bitcoin traders express mixed emotions about what’s next for BTC price

July 29, 2021

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The rumor that Amazon would accept cryptocurrency payments sparked a wave of bullish enthusiasm across the crypto market earlier in the week but now this sentiment has begun to wane as Bitcoin (BTC) bulls face stiff resistance at the $40,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that bears have managed to fend […]

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Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

July 26, 2021

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Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in […]

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Institutional demand for Bitcoin evaporates as BTC struggles below $31K

July 20, 2021

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The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000.  Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price […]

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Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’

July 9, 2021

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Bitcoin bulls pushed the price back above $34,000 but analysts warn that a variety of bearish factors remain a threat in the short term. 6670 Total views 9 Total shares On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a […]

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Bitcoin derivatives data shows pro traders ignored today’s $41K pump

June 14, 2021

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Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer accept Bitcoin payments due to environmental concerns. Musk followed up by saying […]

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Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’

June 2, 2021

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The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout in the price of Ether (ETH) and Bitcoin (BTC) may have also lifted sentiment, but at the moment, the top-ranked digital assets are still meeting […]

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Ascending channel Bitcoin price breakout possible despite OKEx scandal

October 17, 2020

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Bitcoin price lost the bullish energy that took the price to $11.7K earlier this week but the current range may offer opportunities to swing traders. 12105 Total views 65 Total shares Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since […]

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