Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range.BTC/USDT 4-hour chart. Source: TradingViewThe price of Ether (ETH) also fell under pressure alongside Bitcoin as the building momentum ahead of … [Read more...] about Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K
Bulls
Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS.Top performing assets over the last 24-hours. Source: … [Read more...] about Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry
Ether's (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the … [Read more...] about Ethereum bulls chase $2,200 ahead of Friday’s $230M ETH options expiry
Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms
Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in mid-July finally giving institutional investors a chance to offload their funds, but this is not likely to be the main reason.Meanwhile, … [Read more...] about Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms
Bitcoin bulls must now defend $33K support after 5% daily loss
Bitcoin (BTC) faced fresh losses on Thursday as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo price breakout for BitcoinData from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday.As Cointelegraph reported, eyes are now on an area between $32,300 … [Read more...] about Bitcoin bulls must now defend $33K support after 5% daily loss