Bitcoin (BTC) broke back above $70,000 around Wednesday’s Wall Street open as US inflation data soothed anxious markets. Key points: Bitcoin bounces around a narrow range as US inflation data offers a modest tailwind. Oil prices stay lower as an emergency release of 400 million barrels is confirmed. BTC price expectations focus on future liquidations…
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Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls’ key reclaim level. Bitcoin (BTC) waited for cues on Wednesday as the market priced in geopolitical instability. Key points: Bitcoin traders are waiting for the end of rangebound price action, with the focus on $70,000. An optimistic…
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Bitcoin (BTC) found fresh strength at Tuesday’s Wall Street open as bulls eyed a revisit of local highs. Key points: Bitcoin attempts to push toward the top of its local range, hitting new week-to-date highs. Liquidity conditions spark warnings of a fresh trip lower. The 50-day moving average above $73,500 is a point of concern…
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Bitcoin managed to avoid losses suffered by global stock markets over oil supply uncertainty, with a 5% relief bounce from its weekly open level. Bitcoin (BTC) returned to $69,000 at Monday’s Wall Street open with markets in limbo over the Middle East oil crisis. Key points: Bitcoin sees a rebound after dropping below $68,000 for…
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Bitcoin (BTC) starts the second week of March on the edge, with markets focused on the Middle East. Bitcoin erased its latest breakout attempt and closed the weekly candle below key resistance. Oil volatility and associated inflation pressures are the week’s main focus for traders. Bitcoin has two new death crosses, a firm warning for…
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Bitcoin (BTC) threatened to cement new resistance into Sunday’s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Price remains unable to flip the key trend line back to support as breakouts fail. Oil and gold are seen as the…
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Bitcoin (BTC) slipped under $70,000 around Friday’s Wall Street open as weak US employment data failed to boost risk assets. Key points: Bitcoin and stocks slump in reaction to a surprise downturn in US nonfarm payrolls. Fed interest-rate odds stay hawkish, with markets seeing just one cut this year. BTC price action “round trips” its…
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Bitcoin exchange withdrawals spiked to more than $2 billion of BTC on Wednesday, with analysis eyeing a potential major spot buy. Bitcoin (BTC) “largescale accumulation” is on the radar after 31,900 BTC left Bitfinex in a single day. Key points: Bitcoin exchange withdrawals spark hope of a fresh round of accumulation this week. Bitfinex sees…
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BTC price upside lost momentum after hitting one-month highs as more traders joined bearish predictions for Bitcoin’s next move. Bitcoin (BTC) gave back some gains at Thursday’s Wall Street open as traders hoped that bidders would step up. Key points: Bitcoin begins to lose ground after hitting $74,000, now targeting a potential support reclaim. Bid…
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Bitcoin (BTC) has “annihilated” short sellers with its latest trip to monthly highs as crypto liquidations pass $500 million. Key points: Bitcoin bears suffer as BTC price action hits $74,000. Analysis sees more liquidations to come, including longs, with possible market dips below $70,000 to test support. Bitcoin inflows begin to copy a broad ETF…
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