Bitcoin Analysis  Bitcoin’s price took a step back on Wednesday and when traders concluded for the daily session, BTC’s price was -$252.   The first chart we’re looking at today is the BTC/USD 4HR chart below from bOnchain. At the time of writing, BTC’s price is trading between the 0.618 fibonacci level [$16,682.39] and 0.786 [$16,952.07].  If bullish traders can regain the 0.786 fibonacci level their next target is to break out of the current wedge pattern that BTC’s price… Source link

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New Delhi: Crypto markets continued to struggle on Thursday with minor corrections ahead of the US central bank’s strategy to tame inflation in the coming week. Bitcoin dropped below the $17,000 mark, whereas Ethereum was trading below $1,250 mark. Crypto market is yet to recover from the jitters and bad news flow of the FTX collapse. All other top crypto tokens were trading lower on Thursday. Solnana tumbled more than 4% while Litecoin, Dogecoin and Polkadot dropped 3% each. Etherem and… Source link

Several crypto exchanges have been the targets of high profile attacks from hackers, with users losing significant sums of crypto. While the exchanges do everything they can to keep customers’ private and public keys secure, they’re a lucrative target for criminals. Furthermore, as the FTX collapse revealed, the exchange itself may not be the paragon of sound fiscal management it purports to be. If you’d prefer not to hold your keys in your exchange’s integrated wallet, you can… Source link

Ethereum extended its decline below the $1,240 support against the US Dollar. ETH remains at a risk of more losses below the $1,220 support in the near term. Ethereum remained in a bearish zone and traded below the $1,240 support. The price is now trading below $1,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a downside break below the… Source link

Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone. Bitcoin remained in a bearish zone and traded below the $17,000 support. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing a few bearish signs below the $17,000 pivot… Source link

Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies by market capitalization also retreated after the U.S. Securities and Exchange Commission Chairman Gary Gensler said the crypto industry is running out of time to comply with securities laws. He spoke on Wednesday in an interview with Yahoo Finance. See related article: SEC’s Gensler says proof-of-stake cryptocurrencies may be securities Fast facts Bitcoin fell 1.4% to US$16,847… Source link

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts.  The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. 9 options expiry was feasible, but those bets are unlikely to pay off as the deadline approaches. Year-to-date, Bitcoin price is 65% down for 2022, but the leading cryptocurrency… Source link

Ethereum price is down 3% on the day following a rejection from a crucial support zone. Chainlink has initiated a staking protocol on the Ethereum Network. A retest of the $1,211 barrier could induce a sweep-the-lows event. Ethereum price has investors dialing in as Network advancements are arousing speculation. Still, the technicals will need to show forth stronger signals to justify opening a long position. Ethereum price is in question Ethereum price is… Source link