Tag: bitcoin price analysis

Sep 25 2022

Bitcoin Price Is Preparing Its Next Move Within This Chart Pattern

The Bitcoin technical chart showcased a roller coaster ride as prices took a V-top reversal during Mid August and dumped back to 2022 bottom support of $18000. Moreover, over the last weeks, the crypto market suffered due to unfavorable news such as High CPI data, Fed interest hike, and the... Read more

Sep 22 2022

JPMorgan Chief Continues With His Crypto Rant, Backs Stablecoins

During congressional testimony on Wednesday, September 21, JPMorgan chief Jamie Dimon once again made a sharp attack on digital assets. “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin. They are decentralized Ponzi schemes," he added. This is not the first time that Jamie Dimon has... Read more

Sep 21 2022

Bitcoin Holds At Crucial Support of 50-Month Average, All Eyes on The Fed

Ahead of the FOMC meeting on Wednesday, September 21, Bitcoin has come under severe selling pressure. As of press time, Bitcoin is trading 1.56% down at a price of $19,000 levels. Along with Bitcoin, other altcoins have also come under selling pressure. Just to note that the $19,000 is a... Read more

These two Top Exchanges In Race for Acquiring Voyager Digital Assets

As per the latest report, the two topmost exchanges Binance and FTX are currently in the race to acquire the assets of bankrupt crypto lender Voyager Digital. Earlier this year in July 2022, Voyager filed for Chapter 11 bankruptcy after facing major liquidity issues amid the crypto market crash. At... Read more

Sep 20 2022

Bitcoin (BTC) Dips Under $19,000, More Volatility Likely Ahead

Soon as the U.S. equity markets opened on Tuesday, Bitcoin takes a dive under $19,000 once again. As of press time, the S&P 500 is 1.25% and Bitcoin sharing a greater correlation with the index puts some selling pressure on the world's largest cryptocurrency. As of press time, Bitcoin is... Read more

Sep 19 2022

Bitcoin, Ethereum Price Analysis Today: September 19th, 2022

The crypto market continues to bleed, pulling even the majority of cryptocurrencies to their 2022 low. As a result, the Bitcoin price has plunged to the July bottom support of $18600. Moreover, the Ethereum price plummeted to $1250 support, gradually nearing the $1000 psychological support. Key points price analysis: The... Read more

Sep 18 2022

Is Bitcoin Market Value Dropping Below $18800?

The Bitcoin weekly chart shows the price is well supported at the $19000-$18800 demand zone. Last week the coin price rebounded from this support with a morning star candle pattern showing a possibility of forming a double bottom pattern. Key points The Bitcoin price could retest the $20500 level as... Read more

Sep 16 2022

Bitcoin Price May Revisit Its $18800 Accumulation Zone; Buy Again?

The Bitcoin daily technical chart accentuates an ongoing sideways rally. The $24500 resistance has acted as a growth limiter, registering the price action to reach higher levels. On the flip side, the $18800 provides bottom support for the range-bound rally. The Bitcoin price currently shows a reversal sign at the... Read more

Sep 15 2022

Bitcoin Consolidates Near $20,000; Is A Sign Of Reversal?

Sep 15 2022 Published at Coingape under tags  bitcoin price analysis price analysis

Bitcoin price was struggling near $20,000 and extended the consolidation for the second consecutive day. The heavy sell off on Tuesday left investors in the vary as they are looking for a confirmation to place the fresh trading bets. The price hovers in a narrow trading range with no clear... Read more

Thai SEC to Bring A New Ban on Crypto Operators, These Activities Are Prohibited

As the cryptocurrency market gains more maturity, the Securities and Exchange Commission of Thailand is initiating new measures regarding the working of crypto operators. Reportedly, the Thai SEC is looking to ban or prohibit crypto operators from offering digital asset depository services as well as on the platform’s payment of returns... Read more

Sep 14 2022

Bitcoin (BTC) Can Fall Another 20% Due to Its Correlation With S&P 500

Following the higher-than-expected CPI inflation data on Tuesday, Bitcoin and the broader crypto market witnessed a sharp fall. Currently, Bitcoin is trading at 8.4% over the last 24 hours holding just above its crucial support of $20,000. Bitcoin's price crash came alongside that of the S&P 500 dropping 4.5% and... Read more

India’s Tough Crypto Tax Rules Is Helping Binance A Lot, Here’s How

Sep 14 2022 Published at Coingape under tags  bitcoin price analysis news regulation news

India's crackdown on the cryptocurrency market over the last year is helping foreign exchanges at the cost of local exchanges. As per the latest reports, crypto exchange Binance is expanding its footprint in the Indian market. This happens as Indian crypto traders flee to foreign exchanges to avoid the hefty... Read more

Sep 13 2022

Weekly Analysis Hints Bitcoin Price Could Reach $25000 In Near Future

The Bitcoin technical chart shows the formation of a double bottom pattern in the weekly time frame chart. The base support for this pattern is at $19000 as the price has rebounded twice from this level in the past three months. However, can the current sell-off offset the near-term future... Read more

U.S. Government Debt Overtakes Crypto Yields In Current Macro

Amid the current macro conditions and fall of the crypto market, yields in digital assets have tanked under that offered by the safest U.S. government debt. The fall of the crypto hedge funds and lending players has also created a negative sentiment toward crypto lending putting pressure on yields. The... Read more

Bitcoin (BTC) At 200-day Moving Average, Watch Out This Level

The world's largest cryptocurrency Bitcoin (BTC) continues showing strength and has given a move above the $22,200 level gaining 3% in the last 24 hours. As per the technical charts, BTC is trading at a crucial junction of its 200-day moving average (MA). The last time, BTC had faced a... Read more

First Crypto Insider Trading Case Has Links to Coinbase

On Monday, September 12, the United States Attorney for the Southern District of New York, announced that 26-year-old NIKHIL WAHI has pleaded guilty to committing wire fraud as well as insider trading of cryptocurrencies by using confidential information of Coinbase's listings. Nikhil Wahi is the brother of the former product... Read more

Sep 12 2022

Bitcoin Crosses $22k; Is Time To Accumulate?

Sep 12 2022 Published at Coingape under tags  bitcoin price analysis price analysis

Bitcoin price analysis remained bullish for the day. The price is trading in the green for the past few hours. However, the bulls took a breather near the higher levels. In the previous session, the price zoomed to see the base for the extension of the gains. The continuation of... Read more

This Level Confirms Bulls Take Over And Massive Bitcoin (BTC) Price Rally

Bitcoin (BTC) price recovers strongly to break above the $22,000 level, signaling rising sentiment among traders. Interestingly, the recent BTC price rally led to a massive increase in the number of daily addresses. The weekly average is nearly 410,000 addresses. A further increase in weekly average addresses to over 415,000... Read more

These Two Major Events Can Stir Huge Volatility in Crypto Market This Week

Bitcoin and the broader cryptocurrency market entered a strong rally last weekend taking the total crypto market once again above $1 trillion. BTC and ETH will close the previous week with double-digit weekly gains. However, the crypto market has been bracing up for volatility ahead of the U.S. CPI inflation... Read more

Sep 11 2022

How Could $21800 Resistance Breakout Influence Bitcoin’s Future Price?

A perpendicular growth in Bitcoin price after rebounding from $18780 support indicates a high demand pressure at this level. In addition, the coin price challenges a local resistance of $21800 barriers suggesting another breakout opportunity for traders. However, the volume activity is yet to support this theory, and its decreased... Read more

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