Category: btc price

BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash

BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash

It’s looking more and more like a capitulation, but so far, open interest remains “unflushed,” analysts warn. 30456 Total views 168 Total shares Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality. BTC/USD 1-hour candle chart (Bitstamp). Source: […]

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Bitcoin dips below $42K as new forecast says breakout ‘most probable outcome’ for BTC price

Bitcoin dips below $42K as new forecast says breakout ‘most probable outcome’ for BTC price

The latest “death cross” on the Bitcoin daily chart is swept aside in favor of buy-in signals and an “eventual” surge towards $50,000. 8736 Total views 48 Total shares Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying […]

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Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst Material Scientist warned that significant downside may still return to Bitcoin price action. “Now we wait” Despite showing stength […]

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