Bitcoin (BTC) sellers remain active despite signs of short-term support on the charts. The cryptocurrency was trading around its 200-day moving average, currently at $46,000, and is roughly flat over the past week. Upside appears to be limited given strong resistance between $50,000-$55,000.On the daily chart, bitcoin registered a downside exhaustion signal, which suggests a … [Read more...] about Bitcoin Limited to $50K-$55K Resistance as Momentum Slows
Slows
Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin (BTC) sellers were active on Friday, pushing the cryptocurrency toward the bottom of its weeklong price range. Lower support near $53,000 could stabilize the current pullback.BTC was trading around $55,000 at press time and is down about 2% over the past 24 hours.Upside momentum is starting to slow on the daily and weekly price charts, which means upside could be … [Read more...] about Bitcoin Drops Below $56K as Momentum Slows; Support Around $53K
Bitcoin in $65K Range as Trading Volume Slows
Bitcoin spent most of Thursday ranging around $65,000 during U.S. trading hours as the markets slowly digested a highly volatile trading day on Wednesday, when bitcoin dropped to near $64,000. At the time of publication, bitcoin was up slightly over the past 24 hours. Ether was above $4,700, a nearly 3% gain. Source link … [Read more...] about Bitcoin in $65K Range as Trading Volume Slows
Dogecoin whale activity slows down as billions of dollars depart blockchain
After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar-value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge on the Doge blockchain appears to be slowing down.Dogecoin’s price increase throughout 2021 was accompanied by an equally outlandish increase to the value of transactions taking place on its blockchain. The dollar … [Read more...] about Dogecoin whale activity slows down as billions of dollars depart blockchain