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Cryptocurrencies

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Bitcoin erases pullback but stalls at $70,000 – Crypto News

Posted on March 29, 2024 at 12:37 pm GMT

Bitcoin clips recent losses and eyes record highs ETF flows suggest a buy-the-dip mentality Cryptos did not move on PCE data despite closed markets   Solid quarter comes to an end This week has been a relatively quiet one for crypto prices, with Bitcoin attempting to erase the latest slump from its all-time highs. Again, spot-Bitcoin ETF flows were the main drivers behind this rebound as the market exhibited a buy-the-dip mentality when Bitcoin prices hit the $60,000 psychological mark. [..]

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Technical Analysis – BTCUSD advances towards all-time highs

Posted on March 28, 2024 at 1:36 pm GMT

BTCUSD pauses pullback and rotates higher Conquers 70,000 but encounters strong resistance Momentum indicators are tilted to the upside BTCUSD (Bitcoin) had been undergoing a strong pullback from its all-time highs, dropping to as low as 60,760 last week. However, the price quickly recovered significant ground, surpassing the 70,000 psychological mark and to trade within breathing distance from its all-time highs. If bullish pressures persist, the recent resistance region of 71,750 could repel initial upside attempts. A break above that region could [..]

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Bitcoin bounces back after dovish FOMC meeting – Crypto News

Posted on March 21, 2024 at 3:50 pm GMT

Bitcoin slid from record highs amid growing ETF outflows But dovish Fed breathes life back into risky assets Ethereum and smaller coins follow Bitcoin higher Bitcoin pulls back due to stagnating ETF demand Cryptocurrencies began this week where they left off, extending their losses after a series of US data had been underscoring the scenario that the Fed could clip some of its rate cuts projected for 2024. Many speculative traders might have seen this as the perfect opportunity for some profit taking, causing a [..]

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Bitcoin pulls back from record highs – Crypto News

Posted on March 15, 2024 at 12:29 pm GMT

Bitcoin posts consecutive record highs before retracing lower Drops below 70,000 psychological mark amid rising US yields Ethereum follows suit despite the successful Dencun upgrade   Bitcoin down around 10% from record highs This week could be split into two different phases for Bitcoin and the crypto markets in general. Initially, the king of cryptos marched to consecutive all-time highs, peaking at $73,800 on Thursday. Again, intensifying investor demand towards spot-Bitcoin ETFs was the main catalyst, albeit there were no fresh [..]

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Technical Analysis – ETHUSD trades flat in Dencun upgrade aftermath

Posted on March 14, 2024 at 2:33 pm GMT

ETHUSD trades sideways in the past few sessions Fails to capitalise on completion of Dencun upgrade on Wednesday Momentum indicators ease but do not exit overbought zones ETHUSD (Ethereum) has been in a steep uptrend in 2024, surging to consecutive multi-month highs. However, the leading altcoin seems to be consolidating in the past few sessions despite the successful completion of the Dencun upgrade as it has been repeatedly repelled a tad below the 4,100 mark. Should bullish pressures fade, the price [..]

Why are Gold and Bitcoin hitting new records together? – Special Report

Posted on March 12, 2024 at 3:34 pm GMT

Gold and Bitcoin cruise to new all-time highs simultaneously However, there are different drivers behind these rallies Overall, both assets might have more scope to run higher Gold and bitcoin go through the roof It’s pretty rare to see gold and bitcoin setting new record highs at the same time. Gold is considered the ultimate safe haven asset, while bitcoin is often viewed as one of the riskiest and most speculative plays. When both of them stage an incredible rally, [..]

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Bitcoin consolidates a tad below all-time highs – Crypto News

Posted on March 8, 2024 at 12:43 pm GMT

Bitcoin surges to an all-time high of $69,202 on Tuesday Experiences a pullback but rebounds strongly Focus shifts on halving and Fed rate cut trajectory   Turning point This has been a landmark week for Bitcoin and the crypto market in general as on Tuesday the king of digital currencies stormed to a fresh all-time high of $69,202, according to data compiled by LSEG Eikon, before paring some gains. Despite an initial pullback, the bulls managed to quickly regain the [..]

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Technical Analysis – ETHUSD storms to a fresh 26-month peak

Posted on March 7, 2024 at 2:58 pm GMT

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally                 ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions. Should bullish pressures persist, the price might revisit its recent 26-month peak of 3,902. Breaking above that zone, [..]

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Bitcoin captures $60,000 amid strong ETF demand – Crypto News

Posted on March 1, 2024 at 12:51 pm GMT

Bitcoin soars 20% in the week and eyes record highs Ethereum follows suit, leaping to a fresh 22-month peak Dencun upgrade, halving and rate cuts next on the agenda   Bitcoin posts biggest monthly gain in 3 years The king of cryptocurrencies has been enjoying a massive rally since Monday, surging from $54,300 to as high as $63,933 on Wednesday before paring some gains. This latest spike concluded a stellar monthly performance for Bitcoin, with its price rising around 43%, [..]

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Technical Analysis – BTCUSD skyrockets towards record highs

Posted on February 29, 2024 at 1:03 pm GMT

BTCUSD goes parabolic, gaining around 20% since Monday Jumps above 60,000 and is on track to test all-time highs Momentum indicators look extremely overbought BTCUSD (Bitcoin) has experienced an exponential rally since the beginning of the week, which has sent the price within breathing distance from its all-time highs. However, the momentum indicators are currently deep in their overbought zones, increasing the odds for an impending pullback. If Bitcoin storms to fresh highs, the December 2021 resistance of 64,300 might curb initial upside [..]

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