Bitcoin (BTC) stayed below the $33,000 mark on Friday, with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price flips $33,000 supportData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged below a previous support level into Friday.Earlier in the week, $33,000 saw multiple … [Read more...] about Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K
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Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K
A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator.RSI forming higher lowsDubbed as Relative Strength Index, or RSI, the indicator measures the speed as well as change of directional price movements. It operates within a set range of numbers—between 0 … [Read more...] about Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K
Bitcoin price clings to $32K as on-chain metrics hint at further downside
Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since February 2018.Data from Cointelegraph Markets Pro and … [Read more...] about Bitcoin price clings to $32K as on-chain metrics hint at further downside