Tag: BTCUSD

Bitcoin (BTC/USD) is still on a limited upside

Bitcoin lost 1% on Monday ahead of the US inflation data. A crypto analyst expects the inflation data and Fed’s meeting to affect Bitcoin. Bitcoin lacks a directional bias and could move in any direction. Bitcoin (BTC/USD) traded down more than 1% on Monday, with the cryptocurrency’s price slightly below $17,000. Bitcoin has traded at […]

This analyst relies on on-chain metrics to support a Bitcoin price (BTC/USD) rally

Bitcoin rose to $17,000 on Monday. InvestAnswers thinks BTC is about to become bullish based on realised value. The token faces resistance at $19,000 and 50-day MA. Bitcoin price (BTC/USD) was up marginally on Monday as most cryptocurrencies made slight recoveries. BTC was back to $17,000 even as data by crypto derivatives exchange Deribit showed […]

Why Bitcoin (BTC/USD) rose to $17K. Here is the potential price action next

Bitcoin rose on Thursday after Powell’s statement indicated slower rate hikes. BTC price has recovered above the 20-day MA. The long-term momentum is bearish for BTC unless bulls win back the $19,000 level. Bitcoin (BTC/USD) saw increased buyer interest on Thursday, rising to over $17,100. The price increase reflected renewed optimism in all markets after […]

What crypto analyst Benjamin Cowen thinks of Bitcoin (BTC/USD) before a reversal occurs

Bitcoin could undergo another Capitulation event around Christmas – Cowen The cryptocurrency is consolidating but lacks an upside momentum BTC price could break into upside or downside When will Bitcoin price (BTC/USD) bottom-up after slipping below the crucial $19,000 level? Crypto analyst Benjamin Cowen believes Bitcoin has to undergo one capitulation event before a price reversal. […]

Bitcoin (BTC/USD) rebounds slightly after the FOMC but is the cryptocurrency bullish?

Bitcoin has been steady after FOMC statement The cryptocurrency remains tied to wider crypto concerns BTC needs to overcome $16,500 to become bullish Bitcoin (BTC/USD) rose slightly on Thursday after the US Federal Reserve statement. The cryptocurrency was held to the $16,500 level after a soft stance by the officials. BTC was already gaining ahead […]

Bitcoin (BTC/USD) new lower price target set by analysts

What next after Bitcoin (BTC/USD) broke below its long-term psychological level at $19,000? According to a crypto analyst who predicted the 2021 crash, Bitcoin is headed to $13,000. The pseudonymous analyst tells his 618,400 Twitter followers to expect one “last nuke” that could see altcoins also tank by 30-40%. It’s not only the popular analyst expecting […]

Why you need caution trading Bitcoin (BTC/USD) this week

Bitcoin (BTC/USD) trades at $20,390, a clear price decline since topping $21,000 late last month. There is no doubt that BTC remains resilient against a less reassuring macro outlook. The cryptocurrency has strongly defended the $19,500, which has become a crucial psychological level. Consequently, BTC’s technical outlook remains bullish as long as this level is […]

Bitcoin (BTC/USD) rallies to $20,000. Here is the next potential target

Bitcoin (BTC/USD) trades at $20,660 as of press time, the highest level in 6 weeks. The cryptocurrency had added an intraday of 7%. The gains were accompanied by a 157% jump in trading volumes. Wednesday’s gains in Bitcoin come when investors have been calling for reversals at $19,000. That was after BTC looked to have […]