Cryptocurrencies / Page 6

Bitcoin surges to 1-month high amid ETF boom – Crypto News

Posted on February 9, 2024 at 12:51 pm GMT

Bitcoin jumps above 47,000 to its highest in a month BlackRock and Fidelity ETFs have stellar debut month Market focus turns on halving event Bitcoin set to erase post-ETF slump In the past two weeks, Bitcoin has been in a steady recovery from its 2024 low of $38,460, which was the region that put an end to the price’s post-ETF selloff. Following a consolidation period around the 50-day simple moving average (SMA), the king of cryptocurrencies exploded higher, eyeing [..]

Technical Analysis – BTCUSD advances towards crucial resistance

Posted on February 8, 2024 at 1:21 pm GMT

BTCUSD ascends sharply after claiming 50-day SMA Currently challenges the December peak of 44,785 Momentum indicators are starting to look overbought BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. However, the price has managed to storm back and recoup a significant part of its losses, testing the crucial 44,785 resistance zone on Thursday. If the price conquers the December peak of 44,785, the bulls could then aim for the January resistance [..]

Bitcoin clocks first negative monthly performance since August – Crypto News

Posted on February 2, 2024 at 12:47 pm GMT

Bitcoin interrupts a four-month winning streak Despite feeling Fed blues, it follows stocks higher As ETF buzz subsides, macro factors take front seat Bitcoin in slow recovery from ETF slide Last week, Bitcoin fell to its lowest level since the US Securities and Exchange Commission (SEC) approved spot-Bitcoin ETFs, validating the anticipated sell-the-news type of reaction. However, since bottoming out, Bitcoin has not looked back again, with the price recovering to around $43,200 at the time of writing on [..]

Technical Analysis – BTCUSD drops below 50-day SMA

Posted on February 1, 2024 at 12:26 pm GMT

BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with Bitcoin dropping below the 50-day simple moving average (SMA) following a rejection near 43,850. If the slide resumes, the inside swing low of 41,420 could [..]

Bitcoin post-ETF selloff takes a breather – Crypto News

Posted on January 26, 2024 at 12:50 pm GMT

Bitcoin prices stabilise as selling pressures ease Tough battle expected around 40,000 psychological mark Investors digest spot ETF impact on Bitcoin characteristics Post-ETF slide pauses for now On Tuesday, Bitcoin fell to its lowest level since the U.S. Securities and Exchange Commission’s (SEC) approved spot-Bitcoin ETFs, validating the anticipated sell-the-news type of reaction. Following a fresh two-year high of $49,051 in the aftermath of the decision, Bitcoin’s price dropped to as low as $38,460 before rotating back above the $40,000 [..]

Technical Analysis – BTCUSD pauses selloff and battles with 40,000

Posted on January 25, 2024 at 1:06 pm GMT

BTCUSD manages to halt its short-term decline But its rebound encounters resistance around 40,000 Momentum indicators still deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, the short-term oscillators are still heavily tilted to the downside, painting a rather dire technical picture. If the price manages to extend its rebound, the inside swing low of 41,285 could prevent initial advances. [..]

Bitcoin posts 1-month low as ETF excitement fades – Crypto News

Posted on January 19, 2024 at 12:55 pm GMT

Bitcoin drops to its lowest post-ETF level on Thursday Sell-the-news reaction and profit taking persist ETF inflows grow, diverging from the price action Post-ETF slide continues On Thursday, Bitcoin fell to its lowest level since the U.S. Securities and Exchange Commission’s (SEC) approved spot-Bitcoin ETFs, validating analysts’ fears that this could turn out to be a sell-the-news type of event. Following a fresh two-year high of $49,051 in the aftermath of the decision, Bitcoin’s price dropped to as low [..]

Technical Analysis – BTCUSD stuck in tight range

Posted on January 18, 2024 at 2:49 pm GMT

BTCUSD extends sideways move in narrow range The 200-period SMA rejects any upside attempts Momentum indicators deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 41,400. Although the short-term oscillators have been tilted to the downside for the past few four-hour sessions, the digital coin managed to recoup some losses and adopt a neutral pattern. Should the bears attempt to push the price lower, immediate support could [..]

Bitcoin posts fresh 2-year high in ETF debut week – Crypto News

Posted on January 12, 2024 at 12:48 pm GMT

Bitcoin jumps to its highest since late 2021 after SEC’s ETF approval US-listed spot Bitcoin ETFs record $4.6 billion volume on launch day Ethereum climbs to 20-month peak on speculation of impending ETFs Landmark event but too early to draw conclusions This week was characterized by the long-awaited decision from the U.S. Securities and Exchange Commission’s (SEC) to greenlight 11 spot-Bitcoin ETF applications from big Wall Street players. Although the positive outcome had been largely priced in, we saw a [..]

Technical Analysis – Bitcoin climbs to new 21-month high ahead of ETF decision

Posted on January 9, 2024 at 3:07 pm GMT

BTCUSD rallies and hits new 21-month high RSI and MACD detect positive momentum Bearish reversal to be considered upon dip below $41,200 BTCUSD surged yesterday, breaking back above $45,000 and hitting a new 21-month high at $47,282. It seems that the euphoria around the potential approval of a spot-Bitcoin ETF by the Securities and Exchange Commission (SEC) has been the main driver behind the current uptrend, increasing the chances for a sell-the-fact response at the time of the announcement. That [..]

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