Bitcoin (BTC) began to see much-welcomed volatility to the upside on Feb. 23 as European markets opened with modest upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $39,600 set to spark “heavy resistance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rapidly gaining Wednesday, hitting $39,000 before consolidating. The pair had staged a steady comeback overnight, with progress totalling 6.8% versus Tuesday’s lows. “Seems I’m not getting that little pull… Source link

Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong recovery wave if it clears the… Source link

Canada’s Prime Minister Justin Trudeau recently enacted the Emergencies Act, aiming to freeze bank accounts of the trucker protesters and of those who donated to them. But Trudeau wants to go further in hindering the financial support of the protesters by freezing and stopping them from transacting with digital assets such as BTC.  The social media sphere around the trucker protest quickly reacted, stating that Trudeau does not understand Bitcoin and no government could ever stop the… Source link

Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly below $38,000, which some analysts have identified as a significant support and resistance zone. BTC/USDT 1-day chart. Source: TradingView Here’s a closer look at what analysts are saying about Bitcoin price and what levels to keep an eye on in the… Source link

“One of the core pieces of software in [B]itcoin, a system of currency supposedly designed to minimize reliance on government[,] was created by America’s digital spymasters-in-chief, the NSA,” Tooze writes. For Tooze, two questions follow. Shouldn’t this fact “upend” crypto’s “narrative?” And, has anyone thought about this? On the latter point, there’s a general rule in crypto that states any problem you think you’ve found with Bitcoin was likely discussed a decade ago on… Source link

What happened  After a rough weekend, the trading week didn’t start off well, with most cryptocurrencies dropping early in trading on Tuesday. Macro tensions with Russia continue to be a hot topic, as are the freezing of financial accounts in Canada.  Solana ( SOL 5.30% ) fell as much as 6.6% in the past 24 hours, Ethereum ( ETH 2.14% ) dropped up to 4.9%, and Chainlink ( LINK 2.44% ) was down as much as 7.2%. Values hit their lows around midnight overnight and have been… Source link

As the broader market witnessed a 24-hour plunge, Litecoin lost the $105-level and depicted oversold readings on its 4-hour RSI. Furthermore, SAND’s decline found a floor at the $2.8-mark before showing some recovery signals. Also, Tron saw a bullish divergence with its RSI while the 38.2% Fibonacci resistance stood sturdy. Litecoin (LTC) Source: TradingView, LTC/USDT LTC’s previous 47.9% rally from its 13-month low halted near the 23.6% Fibonacci resistance. As a result, it reversed… Source link

The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter.  Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360 and $38,330 on Feb. 22 as a swirl of positive and negative developments sent mixed signals to traders who base their trading activity on news… Source link

Litecoin receives an average long-term technical score of 60 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 60% of… Source link

da-kuk/iStock via Getty Images In an article back in October, I warned that Bitcoin (BTC-USD) may have topped. The price proceeded to fall 50% and has struggled to regain its previous bull market. Last week we have seen actions by the Canadian government to block Bitcoin payments to the Freedom Convoy. I will describe why Trudeau has just shut down the argument for Bitcoin. Court order moves to freeze crypto assets The Canadian truckers’ Freedom Convoy, which has been protesting COVID… Source link