Bitcoin (BTC) is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion among Bitcoin bear market survivors.  Bitcoin bull trap fails to convince It has been called the “biggest bull trap” ever seen, and despite holding above $20,000, BTC price action is fooling no one. This week, with Wall Street closed until Jan. 17, out-of-hours trading continues to… Source link

Bitcoin (BTC) is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion for Bitcoin bear market survivors. Bitcoin bull trap fails to convince It has been called the “biggest bull trap” ever seen, and despite holding above $20,000, BTC price action is fooling no one. This week, with Wall Street closed until Jan. 17, out-of-hours trading continues to support… Source link

Bitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Traders have seemingly moved to secure recent gains, after the world’s largest cryptocurrency rose above $21,000 for the first time since November. Ethereum also retreated from recent highs in today’s session. Bitcoin Bitcoin (BTC) consolidated to start the week, as prices failed to break out of a key resistance level. Following a high of $21,345.25 on… Source link

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

Bitcoin (BTC) and Ether (ETH), the top two cryptocurrencies by market capitalization have always been pitted against each other. With the start of the new year, the first debate has surfaced comparing BTC’s capped supply of 21 million and ETH’s deflationary supply and which of the two qualifies as more sound money. An Ethereum-focused Twitter handle called ‘ultra sound money’ compared the issuance supply of both crypto and suggested that “if capped-supply BTC is sound then… Source link

Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin’s potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably, the BTC price broke out of the range late last week while accompanying a rise in its trading volumes. The… Source link

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The crypto world is possibly experiencing a new bullish season, with Algorand, Litecoin, and Monero among the key players The beginning of the year has been characterized by being colored green for a number of digital currencies, some of them are flash fires but others have solid foundations and particularly favored by analysts  Price analysis of Monero, Algorand and Litecoin Among the most interesting names in the crypto universe are Monero, Algorand and Litecoin.  A look at the… Source link

The crypto world is possibly experiencing a new bullish season, with Algorand, Litecoin, and Monero among the key players The beginning of the year has been characterized by being colored green for a number of digital currencies, some of them are flash fires but others have solid foundations and particularly favored by analysts  Price analysis of Monero, Algorand and Litecoin Among the most interesting names in the crypto universe are Monero, Algorand and Litecoin.  A look at the… Source link