Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust
Bitcoin (BTC) headed toward $40,000 on April 22 after a major retracement in equities speared bulls’ latest advance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sheds $3,000 on U.S. stocks plunge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD being kept firmly under $41,000 Friday after volatility during the latest Wall Street trading session. […]
Bitcoin price slides 5% after failing to break $60K — Here's why
The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. BTC/USD 1-hour candle chart. Source: Tradingview Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness in the $59,000 to $60,500 range. There are three […]
Ethereum fails to break out vs. Bitcoin as Treasury yields soar — Will ETH relief rally?
Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18. There are two likely reasons why the ETH/BTC pair is failing to break through an important resistance level. First, BTC rallied strongly in a short squeeze after the majority […]
'This is not good,' says Bitcoin trader as BTC price remains pinned below $50K
The price of Bitcoin (BTC) has failed to break above the psychological $50,000 resistance going into the weekend and has dropped below the $48,000 level on March 6. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Tone Vays: BTC must close above $50K to resume bull run Now traders are watching whether BTC/USD can break above […]