Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today's rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in nearly $500 million in shorts being liquidated in just two … [Read more...] about Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
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Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s comments related to future interest rate hikes and concerns over rising inflation which led to pdeclines for both Bitcoin and … [Read more...] about Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Bitcoin price falls below $37K amid little hope of a definitive weekend bounce
Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuyers no match for BTC bearsData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit new local lows of $36,540 on Bitstamp. After repeatedly testing the $37,000, the pair finally broke … [Read more...] about Bitcoin price falls below $37K amid little hope of a definitive weekend bounce
Bullish reversal? Traders debate whether $37K BTC price is a trend reversal
The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has been further complicated by a mixture of positive and negative headlines including the adoption of Bitcoin (BTC) as legal tender in El … [Read more...] about Bullish reversal? Traders debate whether $37K BTC price is a trend reversal