Bitcoin is still trying to recover, but two charts now point to rising risk around that move. One shows a possible repeat of a headline driven rally that later failed, while the other suggests the market may first need a pullback before any stronger upside attempt. Bitcoin Chart Revives War Time Pattern, but Similarity Alone
Since reclaiming $70k, Bitcoin has held above this price level for three consecutive days. Boosted by eased global tension, $BTC has shown slight bullish momentum. At press time, $BTC traded at $71,021 after a slight 0.93% drop on the daily charts. Before this slip, it had been on an upward trajectory, printing two positive weekly
The current downtrend has put the Bitcoin price in an increasingly difficult position as bears push back on every recovery. Even now, the price continues to struggle to maintain an uptrend, but it has not deterred bulls from predicting higher prices. The general consensus still remains that the Bitcoin price will cross $100,000 again and
Bitcoin price started a strong increase above the $70,500 zone. $BTC is consolidating gains and might aim for more gains above the $71,650 zone. Bitcoin gained pace for a move above the $70,500 and $71,500 levels. The price is trading above $70,200 and the 100 hourly simple moving average. There is a new bullish flag
Bitcoin ($BTC) price is facing a strong supply wall around $72,000 on April 9 amid low spot liquidity inflows in recent past. Since early February, Bitcoin price has been trapped in a consolidation, with significant resistance above $72,000. After a rebound above this level earlier this week, $BTC price may be forming a potential reversal
Iran’s demand for Bitcoin payments from ships passing through the Strait of Hormuz is spreading across crypto and geopolitical circles. But Arthur Hayes is not convinced yet. According to a Financial Times report, vessels transiting the strait are required to pay a $1-per-barrel oil toll in Bitcoin, with payment due within seconds of receiving an
Coinbase CEO Brian Armstrong commented on the launch of a new Bitcoin ETF by Morgan Stanley (MSBT), emphasizing the significance of this product for the institutional adoption of cryptocurrencies and highlighting the reliability of Coinbase’s infrastructure as a custodian, including for MSBT, “regardless of short term price effects.” By midweek, the launch of Morgan Stanley’s
The March CPI report lands tomorrow at 8:30am ET, and it carries more weight than any inflation print this year. Economists are forecasting a sharp jump to 3.3% year-on-year, up from February’s 2.4% reading – the first report to fully capture the inflationary impact of the Iran war and the oil price surge that came
Bitcoin surged above $72,500 within minutes of the ceasefire announcement on Tuesday. Wallets tied to Binance, Coinbase, Wintermute, and Grayscale all moved simultaneously. Then the price stalled and started pulling back. To a lot of people watching on-chain data, that looked like a setup and potential manipulation. And they’re not entirely wrong to ask the