Bitcoin News

Bitcoin Touches $30,000, Is The Coin Headed Towards Recovery?

Bitcoin is trading at $30,000 at the time of writing. The coin held its $28,000 resistance as the bears came to the rescue. Over the same past 24 hours, Bitcoin has attempted to break its consolidation. In order for the consolidation to be invalidated, it must be trading above the $31,000 price level. Lateral movement …

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Bitcoin Revisits $32K, Why Dips Remain Attractive In Near-Term

Bitcoin started a new surge and crossed $31,000 against the US Dollar. BTC could correct gains, but declines may remain well supported above $30,800. Bitcoin is gaining ground above the $30,500 and $31,000 resistance levels. The price is now trading above the $31,000 level and the 100 hourly simple moving average. There is a solid …

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Bitcoin Breaks $30K, But Could Price Entrap Late Longs?

Bitcoin has been trading in the green for the past 24 hours as traditional markets are experiencing a general recovery. The number one cryptocurrency by market capitalization has seen an increase in selling pressure over the past month as macroeconomic conditions favored a decline in riskier assets. Related reading | Bitcoin On-Chain Data indicates prolonged …

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Bitcoin (BTC) At $29,000, How Long Will The Consolidation Continue?

Bitcoin has remained flat for the past 24 hours, however, altcoins have fallen on their charts. Over the past week, the royal coin has continued to record sideways price movements on the charts. Since November 2021, the price of Bitcoin has been constantly moving in a downtrend. On the longer time frame, Bitcoin continues to …

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Bitcoin Consolidation Uninspiring, But Run To Near $33k On The Cards

Spring is compressing even more as Bitcoin’s volatility continues to diminish. Since the start of active trading in New York, the lower bound trading range has shifted to $29K, as BTCUSD finds support. The upper bound for the created triangle advanced to $30.5K, up 1.8 percent from current prices of $30,000 in the last 24 …

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Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000

Bitcoin is struggling to hold the $30,000 level for the better part of this week, failing more often than not. While there have been various reactions from different parts of the market such as ETFs, it appears that frequent traders have taken this as a signal to discontinue their activities. This has resulted in the …

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Is Bitcoin Headed For Its Ninth Red Weekly Close?

This week, Bitcoin made history when it was Recorded its eighth red weekly closing in a row. This first-of-its-kind streak boosted digital assets in one of the worst downtrends ever recorded. Now, even as the week approaches another close, the cryptocurrency has not been able to make any significant recovery, which indicates that its descending …

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Bitcoin Dominance Remains High As Market Sell-Offs Settle

Bitcoin’s dominance in the market hasn’t diminished even as the price drops below $30,000. Just as BTC has had success, so too have altcoins. This gave the leading cryptocurrencies more room to conquer the market dominance. Although the market was tough for investors in the past week, it is starting to stabilize, and towards the …

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