Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders' optimism faded, and even the recent $41,000 high was unable to boost their expectations.Contrary to market sentiment, the United Kingdom's Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership … [Read more...] about Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry
Reclaim
Bitcoin Could Drop to $28k if it Does Not Reclaim the 200-day MA
Bitcoin is currently knocking at the $40k resistance area after breaking out of a symmetrical triangleBitcoin is yet to reclaim the 200-day moving average as supportA failure to retest this crucial MA could result in a dip to $28kBitcoin is at an inflection point with equal odds of a breakout higher or a breakdown to lower levelsIn the last few hours, Bitcoin has bounced off … [Read more...] about Bitcoin Could Drop to $28k if it Does Not Reclaim the 200-day MA
Bullishness for Bitcoin continues despite its struggle to reclaim $60,000
Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into the sub-$56,500 range.Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on … [Read more...] about Bullishness for Bitcoin continues despite its struggle to reclaim $60,000