Pro says ‘longer term momentum is starting to break in Bitcoin’

Wolfe Research analyst is concerned on recent price action in Bitcoin. Rob Ginsberg explained why in a research note on Thursday. The world’s largest cryptocurrency printed a Death Cross this week. Bitcoin slipped below the key $25,000 support this week which a Wolfe Research analyst finds concerning. Why is Rob Ginsberg worried about Bitcoin The […]

Bitcoin’s break to $25k was fueled by massive liquidations

Bitcoin price broke above $22,500 to new highs above $25,000 amid the hunt for short stops and liquidations. The move to $25k resulted from short liquidations of over $155 million. While price could retreat to $24k, Bitfinex analysts say recent price movements could be indicative of a bottom. Bitcoin price rose above $25k briefly before […]

Bitcoin price outlook after BTC break above $23k

Bitcoin’s rally from December lows after the FTX collapse surprised many investors, Glassnode says in its weekly report. Bitcoin could see further upside but a fresh buy signal is likely at prices around $28.3k. Selling pressure above $23.3k is more likely given short-term holders and miner push for exit liquidity. Bitcoin price remains poised near […]