Bitcoin and select altcoins are showing signs of starting a sustained recovery over the next few days.
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$16.8K Bitcoin now trades further below this key trendline than ever
BTC price action is now deeper below its 200-week moving average than at any point in its history.
$16.8K Bitcoin now trades further below this key trendline than ever
Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash.
In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is.
BTC price 200-week moving average out of reach
Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history.
Looking at the weekly BTC/USD chart, Rekt Capital confirmed that as of Jan. 4, BTC/USD traded around 37% below the 200 WMA.
This, he noted, was “Deeper than the -31% retracement in March 2020.”
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UK looks for a crypto crime fighter with a $50K salary
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UK looks for a crypto crime fighter with a $50K salary
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Bitcoin analyst reveals new key levels as Ethereum price nears 3-week high
Fresh Bitcoin support and resistance levels crystalize amid an "extremely tight" trading range while ETH price action sets multi-week highs.
Bitcoin analyst reveals new key levels as Ethereum price nears 3-week high
Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$17,000 "possible" thanks to CPI print
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low.
The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets.
“Bitcoin trading with legacy markets yesterday,” Filbfilb, co-founder of trading suite Decentrader, began a summary of recent events by stating.
Analyzing the 12-hour chart, he argued that the 50-day moving average (MA) needed to hold for bulls, with the immediate range support and resistance levels at $15,500 and $18,000, respectively.
Bitcoin analyst reveals new key levels as Ethereum price nears 3-week high
Fresh Bitcoin support and resistance levels crystalize amid an "extremely tight" trading range while ETH price action sets multi-week highs.
Bitcoin analyst identifies new key levels as Ethereum price nears 3-week high
Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$17,000 “possible” thanks to CPI print
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low.
The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets.
“Bitcoin trading with legacy markets yesterday,” Filbfilb, co-founder of trading suite DecenTrader, began a summary of recent events by stating.
Analyzing the 12-hour chart, he argued that the 50-day moving average (MA) needed to hold for bulls, with the immediate range support and resistance levels at $15,500 and $18,000, respectively.
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