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Bitcoin, Ethereum Technical Analysis: BTC Moves Back Below $29,000, as Bullish Sentiment Weakens
3.8.2023
Bitcoin was once again trading below the $29,000 level on Thursday, as bulls retreated following yesterday’s gains. The drop appeared to come as traders secured profits, following a failed breakout of a key price point. Ethereum also edged lower today. Bitcoin Bitcoin (BTC) dropped below...
Bitcoin, Ethereum Technical Analysis: BTC Surges Towards $30,000, Following Latest Microstrategy Filing
2.8.2023
Bitcoin moved towards the $30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy. In the second quarter the company reportedly added 12,333 BTC at a cost of $361.4 million. Ethereum jumped back above a key price floor of $1,850. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000
1.8.2023
Bitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies. The U.S. dollar rose ahead of this afternoon’s manufacturing Purchasing Managers Index (PMI), which is expected to climb to a reading of 46.8. Ethereum...
Bitcoin, Ethereum Technical Analysis: BTC Hangs on to $29,000 Level, Despite Increased Market Volatility
28.7.2023
Bitcoin remained above a key support point on Friday, despite bears attempting to push the price below $29,000. Today’s session saw sentiment once again shift bearish, as U.S. consumer sentiment data looms. Ethereum was mostly unchanged in today’s session. Bitcoin Bitcoin (BTC)...
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
27.7.2023
Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $1,900 level today....
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike
26.7.2023
Bitcoin consolidated marginally above the $29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged....
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29K, With Key US Economic Events Looming
24.7.2023
Bitcoin neared a breakout below the $29,000 level on Monday, as traders prepared for this week’s Federal Reserve rate decision. In addition to the Fed meeting, consumer confidence data will also be released from the United States. Ethereum hit a three-week low. Bitcoin Bitcoin (BTC) was...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Volatile Week of Trading
22.7.2023
Bitcoin consolidated around the $30,000 level to start the weekend, as traders attempted to find a firm price floor on Saturday. The market has been volatile during the past week, as recent winners took profits, following the XRP-related bull run. Ethereum remained below $1,900 on Saturday. Bitcoin...
Bitcoin Price Prediction as $10 Billion Trading Volume Comes In To Hold $30,000 Level – Where is BTC Going Next?
22.7.2023
As Bitcoin's trading volume reaches $10 billion, the cryptocurrency stands firm at the $30,000 level, sparking discussions about its next move.
Currently trading at around $29,900 with a less than 0.10% increase on Saturday, Bitcoin remains a subject of interest for investors and traders alike. ...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000 on Friday, a Week After XRP Ruling
21.7.2023
Bitcoin dropped below the $30,000 level on Jul 21, as market sentiment continued to trend lower in today’s session. This comes a week after cryptocurrency markets surged following the XRP ruling, however momentum has since faded as a result of profit taking. Ethereum was also down on Friday....
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data
13.7.2023
Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin...
Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday
11.7.2023
Ethereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies. The biggest fall came versus the British pound, with USD/GBP hitting a 15-month low. Bitcoin also rose higher, climbing past $31,000 earlier in the day. Bitcoin Bitcoin (BTC) moved...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start Weekend, ETH Remains Below $1,900
8.7.2023
Bitcoin was hovering near the $30,000 level to start the weekend, as markets continued to digest the latest U.S. nonfarm payrolls report. Payrolls came in at 209,000, less than the 225,000 expected, putting slight doubt in a potential July rate hike. Ethereum continued to trade below $1,900...
Bitcoin Price Prediction as BTC Builds Strong Support at $30,000 Level – Where is BTC Going Next?
8.7.2023
Bitcoin, the leading cryptocurrency, has been gaining momentum as it establishes a strong support level at $30,000. The recent insights from industry experts add an interesting perspective to Bitcoin's future.
According to Arthur Hayes, the former CEO of BitMEX, Bitcoin has the potential...
Bitcoin Price Prediction as BTC Tumbles Down to $30,000 Level – Will it Fall Lower?
7.7.2023
Bitcoin (BTC), the dominant cryptocurrency, experienced a downturn as it encountered selling pressure near the $30,202 threshold.
The release of the Federal Open Market Committee (FOMC) minutes played a role in this downward trend.
However, amidst the market turbulence, renewed optimism...
3 reasons why Bitcoin's price is primed to hold the $30,000 level as support
7.7.2023
Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000 Ahead of US Nonfarm Payrolls
7.7.2023
Bitcoin dropped below the $30,000 level on Friday, ahead of the upcoming nonfarm payrolls (NFP) report in the United States. Today’s report comes as private sector jobs rose by 497,000 in the last report, double the expected number. Friday’s NFP is projected to come in at 225,000....
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to Fresh 1-Year High Above $31,000
4.7.2023
Bitcoin moved back above the $31,000 level on July 4th, as U.S. traders celebrated the Independence Day holiday. As a result of the rally, the cryptocurrency remained near a one-year high in today’s session. Ethereum consolidated after Monday’s gains. Bitcoin Bitcoin (BTC) moved...
Bitcoin Price Prediction as BTC Blasts Past $30,000 Level in Huge Move Up – What's Going On?
4.7.2023
The cryptocurrency market has witnessed a momentous event as Bitcoin (BTC) price catapulted past the significant $30,000 level, sending shockwaves throughout the industry.
As market participants grapple with this meteoric rise, two notable developments have emerged, shedding light on the evolving...
Bitcoin, Ethereum Technical Analysis: ETH Moves Above $1,900, Hitting a 2-Month High to Start July
1.7.2023
Ethereum entered the month of July in the green, as price traded at a two-month high to start the weekend. Markets moved to rebound on Saturday, after better than expected consumer sentiment data in the United Stated spooked traders. Bitcoin also rebounded, after falling below $30,000 on Friday....