The chart below shows the recent decline in transaction counts on Bitcoin’s blockchain. In previous cycles, an initial burst of activity supported rallying prices, but recently, transactions failed to sustain any meaningful momentum, according to crypto data firm Glassnode. Source link … [Read more...] about Bitcoin Celebrates Birthday on a Dull Note, Analysts Expect Sideways Trading
Sideways
Bitcoin Bounces After Fed Decision, Analysts Expect Sideways Trading
Despite higher losses, however, blockchain data suggests that some investors continue to hold bitcoin. For example, the balance of BTC on exchanges has continued to decline this year, which could mean investors prefer to hold bitcoin in their wallet instead of making it available for sale on the exchange. Source link … [Read more...] about Bitcoin Bounces After Fed Decision, Analysts Expect Sideways Trading
Traders speculate that Bitcoin’s price may continue to trade sideways for now
Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset's trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter. “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].”She added:“From there I would be … [Read more...] about Traders speculate that Bitcoin’s price may continue to trade sideways for now
Altcoins bounce to new highs as Bitcoin price trades sideways under $50K
The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains. Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000 in the morning trading … [Read more...] about Altcoins bounce to new highs as Bitcoin price trades sideways under $50K