Bitcoin (BTC) buyers held support around $40,000 as oversold signals appeared on the charts. The recent bounce suggests the cryptocurrency is starting to recover after a near-30% decline from its all-time high around $69,000 in November.The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what occurred in late-December, which … [Read more...] about Bitcoin Rises Above $43K; Resistance at $45K-$48K
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Short Traders Lose $82M as Bitcoin Bounces to $43K
A bit over $45 million worth of longs were liquidated. Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Short Traders Lose $82M as Bitcoin Bounces to $43K
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
Good morning. Here’s what’s happening:Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens.Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin … [Read more...] about First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations
Key Bitcoin price indicators signal bulls bought the $43K retest
Bitcoin's (BTC) severe 26% drop from its $58,300 all-time high on Feb. 20 injected a bit of bearishness into the market, but from a technical perspective, this was purely psychological, as the digital asset held the $43,000 support with ease. This downside move caused indicators like the Crypto Fear & Greed Index to hit 38, its lowest level in five months.Bitcoin price in … [Read more...] about Key Bitcoin price indicators signal bulls bought the $43K retest