Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million. Terra co-founder rejects idea LFG moved BTC price The Luna Foundation…
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Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational…
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Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up. The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC/USD, which threatened to lose support at $47,000. From “extreme fear” to “greed” in one week After gaining nearly…
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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: TradingView Trader: BTC still on target to crack $50,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $46,572 on Bitstamp as Wednesday began — its lowest since…
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Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided welcome respite from upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong doubts” over crash below $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900 before returning to crack…
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Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints. In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple. Mayer Multiple nears pivot Bitcoin price strength has…
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Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28’s Wall Street open as its latest bull run kept up the pace. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but “would be healthy” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just $100…
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Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000. In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022. Coming against an ongoing macro climate of considerable uncertainty, strength…
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Bitcoin (BTC) saw a fresh spike to near $45,000 overnight into March 27 as the weekend looked set to deliver a decisively bullish close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly close of key importance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding back to higher levels seen days previously after a rejection…
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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: TradingView Bitcoin 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.…
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