“First Mover” dove into Web 3, what it means to different blockchain leaders, and do their plans include Ethereum? Joining the show to discuss this major theme of 2022 were the Near Foundation’s new CEO, Marieke Flament, and Kavita Gupta, founder of the new Delta Blockchain Fund. Also, Ronnie Moas of Standpoint Research shared his crypto markets analysis. Source link … [Read more...] about Bitcoin Continues Narrow Trading Range; Ether Pops Back Into the Green
Range
Bitcoin Stuck in Range Between $45K Support and $52K Resistance
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
Bitcoin Price Eyes Breakout as Trading Range Tightens
Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest.With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go.As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving … [Read more...] about Bitcoin Price Eyes Breakout as Trading Range Tightens
Bitcoin Awaits Price Breakout As Trading Range Tightens
The trading range's lower end is $6,341, a double bottom neckline (former resistance-turned-support), which was scaled on June 30. Meanwhile, $6,754 (a 23.6 percent Fibonacci retracement of the sell-off from $9,990 to $5,755), which put brakes on BTC's rally earlier this week, marks the upper end of the trading range. Source link … [Read more...] about Bitcoin Awaits Price Breakout As Trading Range Tightens
Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data
The bitcoin market currently sits in one of the largest realized value clusters. Over 2.208 million BTC have last moved on-chain between $55,000 and $60,000,” Glassnode tweeted. “The next large cluster between $60,000 and $63,000 may act as resistance, whilst support can be found at $50,000 and again at $42,000.” Source link … [Read more...] about Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data