Cryptocurrencies / Page 6

Bitcoin captures $60,000 amid strong ETF demand – Crypto News

Posted on March 1, 2024 at 12:51 pm GMT

Bitcoin soars 20% in the week and eyes record highs Ethereum follows suit, leaping to a fresh 22-month peak Dencun upgrade, halving and rate cuts next on the agenda Bitcoin posts biggest monthly gain in 3 years The king of cryptocurrencies has been enjoying a massive rally since Monday, surging from $54,300 to as high as $63,933 on Wednesday before paring some gains. This latest spike concluded a stellar monthly performance for Bitcoin, with its price rising around 43%, [..]

Technical Analysis – BTCUSD skyrockets towards record highs

Posted on February 29, 2024 at 1:03 pm GMT

BTCUSD goes parabolic, gaining around 20% since Monday Jumps above 60,000 and is on track to test all-time highs Momentum indicators look extremely overbought BTCUSD (Bitcoin) has experienced an exponential rally since the beginning of the week, which has sent the price within breathing distance from its all-time highs. However, the momentum indicators are currently deep in their overbought zones, increasing the odds for an impending pullback. If Bitcoin storms to fresh highs, the December 2021 resistance of 64,300 might curb initial upside [..]

Bitcoin consolidates above $50,000 as advance pauses – Crypto News

Posted on February 23, 2024 at 12:40 pm GMT

Bitcoin posts fresh 2-year high this week but fails to rally Ethereum violates $3,000 for the first time since April 2022 ECB warns that cryptos are worthless despite ETF approval Bitcoin enters a consolidation phase Bitcoin is on track for a solid monthly performance in February, rebounding strongly from its post-ETF bottom and posting consecutive higher highs. This week, the king of cryptos stormed to a fresh more than two-year peak of $52,990 but failed to extend its advance. [..]

Technical Analysis – BTCUSD consolidates near more than 2-year high

Posted on February 22, 2024 at 1:39 pm GMT

BTCUSD moves sideways after steep advance pauses Holds comfortably above 50,000 psychological mark Momentum indicators look overbought BTCUSD (Bitcoin) had been in a steep advance following its break above the 50-day simple moving average (SMA) on February 7. However, the rally seems to have paused for now, with the price consolidating a tad below its more than two-year peak of 52,989. If Bitcoin storms to fresh highs, the November 2021 support zones of 53,300 and 55,500 could now provide initial resistance. Conquering [..]

Technical Analysis – ETHUSD unlocks 21-month high just shy of 3,000

Posted on February 20, 2024 at 12:46 pm GMT

ETHUSD extends structure of higher highs Posts 21-month peak a tad below 3,000 psychological mark Momentum indicators point to overbought conditions ETHUSD (Ethereum) has been developing within a bullish channel since late October, surging to consecutive higher highs. On Tuesday, the price leaped to a fresh 21-month peak of 2,984, but traders should be cautious as the momentum indicators are hinting at overbought conditions . If buying pressures persist and the price storms to fresh highs, the bulls might attack the [..]

Bitcoin clocks 2-year high, surpassing $1 trillion in market cap – Crypto News

Posted on February 16, 2024 at 12:28 pm GMT

Bitcoin surges above $52,000 to a fresh 2-year peak Regains $1T market cap as crypto market touches $2T Market focus turns on halving event and Fed rate cuts Bitcoin fires on all cylinders Bitcoin and most major digital coins advanced sharply this week, extending their solid performance in 2024. Despite a minor retreat after the hotter-than-expected US CPI report pushed back against premature rate cut bets, Bitcoin and Ethereum leaped to their highest levels since December 2021 and May [..]

Technical Analysis – BTCUSD explodes to a more than 2-year high

Posted on February 15, 2024 at 11:58 am GMT

BTCUSD goes parabolic after claiming 50-day SMA Jumps above 50,000 to a fresh more than 2-year peak Momentum indicators look extremely overbought BTCUSD (Bitcoin) has been experiencing a steep advance following its break above the 50-day simple moving average (SMA) on February 7. Within a week, the price violated its two-year peak of 49,051 and surged above the 50,000 psychological mark, but traders should be cautious as the advance is significantly overstretched. If the rally resumes, Bitcoin could test the November 2021 support [..]

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 [..]

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