Bitcoin falls to two-week lows as $6 billion in options set to expire — What’s next?
Bitcoin has fallen through its recent support at $53,000 as volatility picks up before a record options expiry event. Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle. Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight line. Additionally, a re
Bitcoin’s lower lows worry traders — But is the BTC bull market really in danger?
Bitcoin bounced off $53,000 support but another leg down should not be ruled out in the near term. Bitcoin’s (BTC) price has seen massive gains in recent months as the price of Bitcoin accelerated from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely after these periods of ranging b
Bitcoin price facing final resistance before $68K?
Bitcoin is very close to new all-time highs once again but the final hurdle may take some time to overcome. Bitcoin’s (BTC) price has so far failed to make new all-time highs above $60,000 this week. After the breakout above $58,000, negative news from India, as well as general macroeconomic weakness and rebounding U.S. dollar, appear to have halted the rally. This resulted in a pullback toward $53,000 on March 16. Such a move is normal as the bull market typically moves in
Buy-the-dip signal? Ethereum sees surprise gain vs. Bitcoin despite BTC drop
The price of Ether saw gains in its BTC pair on Monday as Bitcoin price dropped below $60,000. Bitcoin’s (BTC) price made another new all-time high above $60,000 during the weekend. However, the same cannot be said for Ether (ETH), and the market in general didn’t show much strength thereafter for continuation. In result, BTC price dropped by 7% over the past 24 hours.During this pullback, ETH also dropped in its USD pair. However, the ETH/BTC pair actually saw a bounce. It
Ethereum vs. Bitcoin: Did ETH/BTC just bottom as Ether eyes $2K?
The ETH/BTC pair is showing signs of bottoming but further consolidation should not be ruled out. Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges for Cardano (ADA), Polkadot (DOT) and Cosmos (ATOM).These altcoins have been seeing impressive gains as Ether (ETH) has
Bitcoin price breakout imminent: Why BTC bulls and bears are battling at $52K
Bitcoin must overcome a big hurdle at $52,000 for any chance to break new highs in the short term. Bitcoin's (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That's very natural, as it's also impossible to throw a six every time. Therefore, consolidation and correction are necessary for the market to recharge before resuming the uptrend. Several reasons were given for such a corrective move in the previous weeks,
Bitcoin price charts hint at another drop after failing to break $52K
Bitcoin has failed to break above $52,000, which suggests more downside is possible in the short term. Bitcoin (BTC) has halted its bull run in the past few weeks as the price has corrected from an all-time high of $58,000 to around $43,000. Several arguments were found for the pullback, including a sell-off from miners and whales. The other primary reason for the correction is the sudden surge of yields across the world.Downtrend remains intact since $58,000BTC/USD 2-hour c
Is Bitcoin at risk of another drop below $40K in a historically corrective March?
Bitcoin is showing signs of weakness as February draws to a close. Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire month. Crypto Fear & Greed Index. Source: Alternative.meHowever, such a panic
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
The price of gold has also been stagnating, but this isn't necessarily bad for "digital gold" Bitcoin. This week's correction in the price of Bitcoin (BTC) showed that a market doesn’t go up in a straight line. Meanwhile, another topic has been gaining attention, namely the big rise in the 10-year yields of U.S. government bonds. In recent weeks, the 10-year Treasury yield of U.S. government bonds has surged by 35% to a new high of 1.44%, the highest point since the cross-as
Bitcoin price crashes below $48K, but is the bull market in danger?
Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open. Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting
Bitcoin price must now hold above these levels to break $60K
It's important for Bitcoin to hold above $50,000 for more upside. Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500 on Feb. 20. The week has seen more bullish news such as the first German listed company allocating its cash reserves to BTC as well as the launch of the first Bitcoin ETF in Canada, which traded over $220 million in its debut. Just for a day— Elon Musk (@elonmusk) February 19, 2021 Such n
Bitcoin price eyes $63K next as rising BTC dominance puts altcoins at risk
The price of Bitcoin keeps climbing higher but one key support level must hold for the rally to continue. The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC has just notched another new high on Feb. 17.The psychological barrier of $50,000 finally broke yesterday after multiple tests of this level in the previous week. In addition, banks are revealing their interest in BTC and more public companies are starting to hop on the Bitcoin bandwagon as
Privacy coin season? DASH price gains 100% in a week as Monero, Zcash flip bullish
Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life. The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish. One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has
Cardano is soaring, but can ADA gain another 380% to break its record high vs. Bitcoin?
The price of ADA has surged by 170% in February to new all-time highs in U.S. dollars. Bitcoin’s (BTC) price has been consolidating in recent days, which kickstarted the rest of the cryptocurrency market. This frequently happens as Bitcoin starts to consolidate, it gives the chance for the rest of the market to catch up.Cardano (ADA) is one such cryptocurrency, which gained 170% in February alone with its price nearing $1 for the first time ever. Cardano's BTC pair is showin
Dollar weakness meets alt season: Is Bitcoin price about to hit $50K?
The price of Bitcoin is getting closer to the next major psychological resistance. Bitcoin’s (BTC) price broke through the crucial level at $40,500 as news of Tesla adding $1.5 billion in Bitcoin to their balance sheet. This news event pushed the price to new all-time highs, putting the next major resistance level at $50,000. What's more, other cryptocurrencies are accelerating left and right as the landscape is ideal for altcoins to start moving. All-time highs are being es
Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high
The price of Bitcoin appears to have broken out above $40,000 putting new all-time highs within reach. Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy's pitched Bitcoin to over 1,4000 companies. This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has prevented BTC from a new all-time high, while
How low can Bitcoin price drop if BTC fails to retake $35K soon?
Bitcoin bulls must overcome a major hurdle before new all-time highs can come back into play. Bitcoin (BTC) has seen a turbulent past few days after Elon Musk showed support for Bitcoin amid the GameStop fiasco on the equity markets. However, since that tweet, Bitcoin’s price has been correcting as the entire push through Elon Musk got retraced.Since then, Bitcoin’s price is facing a crucial hurdle at $35,000-35,200 area before an all-time high test. Once that area breaks an
Bitcoin price chart shows 'Elon Musk' pump was an outlier — So what happens now?
The price of Bitcoin has shown weakness after failing to clear $38,000 Bitcoin (BTC) has seen a very volatile week, as the price of Bitcoin jumped around from $32,000 to $38,500 and back toward $33,000 in a matter of 24 hours. The initial spike to $38,500 happened in minutes after Elon Musk added #Bitcoin to his Twitter profile. However, no follow-up of that price movement was seen on the charts as Bitcoin dropped substantially in the following hours. Currently, the $34,500
World's richest man Elon Musk boosts Bitcoin price by 20% — Is $40K back in play?
Bitcoin price gets a boost from the world's richest man, Elon Musk. Bitcoin (BTC) has been correcting since the peak high at $42,000. However, this correction might have ended as a significant momentum shift occurred in recent days. The GameStop debacle raised many questions about big parties' trustworthiness and exchanges, after which more and more people started to claim that decentralization is the future. Among these people is Elon Musk who is worth nearly $183 billion,
Bitcoin price looks to resume bull cycle after rising above $34K
The price of Bitcoin has to break a key resistance level to revive its bullish trend. Bitcoin (BTC) has been consolidating since the recent all-time high at $42,000 and has risen back above $34,000 at time of writing. The current correction is currently at 30% already, as Bitcoin’s price has bounced from the $30,000 region several times. However, it remains to be seen whether Bitcoin’s price will start accelerating once again or whether BTC price needs more consolidation to