Bitcoin

Bitcoin (BTC) hit $46,000 on Aug. 9 as macro factors failed to dent enthusiasm after 18% weekly gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $45,500 at the time of writing Monday. After reaching local highs overnight, Bitcoin saw a comedown as the new week began, but this quickly U-turned to produce a three-month peak of $46,090. With a correction yet to kick in, analysts were firmly bullish… Source link

After a bearish day for the crypto majors on Sunday, it has been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 4.28% to $45,669.0. A mixed start to the day saw Bitcoin fall to an early morning low $42,790.0 before finding support. Bitcoin fell through the first major support level at $42,797 before rallying to a late morning current day high $45,833.1. Bitcoin broke through the first major resistance level at $44,929 to test… Source link

The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for three to six months. Its dataset covered the period of Bitcoin’s correction from around $65,000 on April 14 to around $44,000 on Monday. Bitcoin spent… Source link

Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold? After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend. In the event, Saturday and Sunday turned out to be just what bulls had been waiting for, with Bitcoin passing multiple resistance lines and going on to top $45,000. With a sense that there is everything to play for,… Source link

Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already seen it jumping 21.62% from its August 5 low of $37,300. BTC/USD daily chart. Source: TradingView.com Momentum was strong among the Bitcoin rivals as well. Ether (ETH), the second-largest crypto by market cap, increased 29.78% from its Aug. 3 low of $2,630, Source link

Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling accumulation patterns rather than sell patterns. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle Wednesday saw the price of… Source link

Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least two indicators expected Bitcoin to pursue massive uptrends. The first one was Glassnode’s Entry-Adjusted Net Unrealized Profit/Loss that… Source link

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