Bitcoin is off to a slow start as traders ring in the new year. The cryptocurrency is down about 8% over the past week as demand from buyers slowed. The current price around $46,000 is near the bottom of a two-week long price range, which previously led to higher bids for BTC.The relative strength index (RSI) on the daily chart is rising from an oversold level reached on Dec. … [Read more...] about Bitcoin Stuck in Range Between $45K Support and $52K Resistance
52K
Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct blockchains that run atop the main Polkadot network. Polkadot, however, has a limited number of openings available. To gain access, a parachain has to win a community-run auction that uses DOT to vote for slots, leading to … [Read more...] about Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K
Bitcoin Rises Toward $50K; Resistance Seen Around $52K
Bitcoin (BTC) held support around $46,000 and is attempting to reverse a short-term downtrend. Still, upside appears to be limited toward the $52,000 resistance level, which is roughly midway through the 20% sell-off that occurred earlier this month. Source link … [Read more...] about Bitcoin Rises Toward $50K; Resistance Seen Around $52K
Bitcoin price drops to $52K, liquidating almost $10B
Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewChina, US rumors lead the BTC sell-offCointelegraph Markets Pro and TradingView showed a brutal hour for Bitcoin bulls everywhere early on Sunday as the market went from $59,000 to $52,000 in … [Read more...] about Bitcoin price drops to $52K, liquidating almost $10B
Why BTC bulls and bears are battling at $52K
Bitcoin's (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That's very natural, as it's also impossible to throw a six every time. Therefore, consolidation and correction are necessary for the market to recharge before resuming the uptrend. Several reasons were given for such a corrective move in the previous weeks, … [Read more...] about Why BTC bulls and bears are battling at $52K