Good morning. Here’s what’s happening this morning:Market moves: Bitcoin moved little, while the “tether premium” dropped as Huobi’s deadline approaches.Technician’s take: Long-term momentum is starting to fade, which could limit price gains this month. For now, BTC is holding support above $53K.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto … [Read more...] about First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K
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Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Bitcoin price dropped to fresh lows today and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether and altcoins.Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the U.S. trading session and this allowed bears to briefly take control of the market. BTC/USDT 4-hour chart. Source: TradingViewHere’s … [Read more...] about Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K
Bitcoin bounced to $66,000 on Monday, partially erasing the losses from last Wednesday. Technical charts signal an impending boost from a bullish continuation pattern.“BTC has broken out of the Flag pattern, and buying momentum is expected to continue,” MintingM, a Mumbai-based crypto asset management company, said in its weekly market report. “Bitcoin could break the … [Read more...] about Bitcoin’s Bull Flag Breakout Suggests More Upside; Support at $57K
Bitcoin back above $57K as ‘hundreds’ of US banks prepare to HODL for clients
Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBTC price nears $58,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $57,000 again during Wednesday trading, with daily gains knocking on 5%.The move marks Bitcoin's second such "comeback" in … [Read more...] about Bitcoin back above $57K as ‘hundreds’ of US banks prepare to HODL for clients
Bitcoin hits $57K in surprise surge to almost erase April BTC price crash
Bitcoin (BTC) retook $57,000 on April 30 as a surprise bullish end to month took traders by surprise.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$4.2 billion expiry gives way to big Bitcoin gainsData from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.At press time, … [Read more...] about Bitcoin hits $57K in surprise surge to almost erase April BTC price crash