Also, the more this goes on, the more people start to “think” in bitcoin, ether or some other digital asset. There are plenty of bitcoiners who like to remind everyone that, whatever its price versus the dollar, one bitcoin continues to be worth one bitcoin. Many believe bitcoin, with its censorship-resistant, persistent supply mechanism, could evolve to become the base layer … [Read more...] about Bitcoin Sees Out the Year Near $47K Amid Low-Volume Spot Trading
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Bitcoin Struggles to Break $47K as Fed Meeting Looms
Lennard Neo, head of research at Stack Funds, attributed the cryptocurrency’s recent drop to the market uncertainty leading investors to take risk off the table. Bitcoin is seen by some investors as a risk-on asset, which generally refers to assets that have a significant degree of price volatility such as industrial metals, equities and commodities. All things being equal, … [Read more...] about Bitcoin Struggles to Break $47K as Fed Meeting Looms
Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation
Bitcoin is pushing higher despite classic risk-off action in traditional markets. The cryptocurrency’s resilience has raised investors’ hopes for a stellar rally in October.As of 11:16 UTC, the cryptocurrency was trading 8% higher on the day near $47,400. The broader crypto market is also positive, with native cryptocurrencies of smart-contract blockchains like VeChain, Tezos … [Read more...] about Bitcoin Climbs Above $47K as Stocks Fall and Investors Eye Inflation
Traders split on BTC price outlook after Bitcoin dips below $47K
Bitcoin (BTC) gave traders a serious sense of deja vu on Aug. 26 after a fresh attack on $50,000 ended in a firm rejection.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin optimism waversData from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to local lows of $46,540 on Bitstamp, having passed $49,300 hours before. The action continues … [Read more...] about Traders split on BTC price outlook after Bitcoin dips below $47K
Bitcoin (BTC) has Strong On-Chain Support at $47k
Bitcoin has adequate on-chain support at $47kA drop below this level opens the doors to $45k and belowIf Bitcoin fails to hold the $50k price area during the weekly close, chances are that BTC goes lower to $44k or even $43kBitcoin has strong on-chain support at $47k. This support zone was identified by the Co-founder and CTO of Glassnode, Rafael Schultze-Kraft, who shared his … [Read more...] about Bitcoin (BTC) has Strong On-Chain Support at $47k