BTC price plummets to $47K as weekly close neatly tracks Bitcoin futures gap
The weekly gain for BTC buyers is minimal, as Saturday’s progress returns to square one the next day. On Sept. 19, Bitcoin (BTC) retested $47,000 as the weekly close appeared to be hinged on the CME futures gap. Following the erasure of profits, Bitcoin has come full circle As the week came to a conclusion, […]
Bitcoin: Price struggles for $46K as Polkadot (DOT) posts a 10% weekend gain
While Bitcoin markets are showing signs of strength, altcoins are becoming more interesting as the weekend winds down. Bitcoin encountered resistance at $46,000 on Sept. 12 following a “strong bullish divergence” on lower timeframes. BTC/USD is edging toward higher lows BTC/USD rejected significantly, according to data from Cointelegraph Markets Pro and TradingView, following a local […]
Kraken Australia’s CEO gives August market report and also his take on BTC price dip
CEO Jonathan Miller of Kraken Australia mentioned that the buzz surrounding the implementation of El Salvador’s Bitcoin Law may be seen as one of the “heady causes” driving Bitcoin’s recent advances. According to Kraken’s August report, Ether supply on centralized exchanges fell to a three-year low of 12.8 percent at the beginning of the month, […]
Can whales ultimately keep the Bitcoin rally beyond $50k?
In spite of the fact that the Bitcoin ship has been steadying recently, the market has been setting itself for the next major swing. It is likely that a falling channel, the daily 200-SMA (green), and EMA Ribbons will play out in the buyers’ favour. Additionally, an uptick in Whale activity indicated a resurgence of […]
Bitcoin holds strong even as a crash hits the Gold market
With Bitcoin still holding strong in position, the prices of Gold have dropped below $1,700 per ounce this morning. A sudden fall on August 9 brought gold prices below $1,700/oz, bringing it to its lowest level since March. During Asian trading hours on Monday, the price of the precious yellow metal fell to $1,690/oz, according […]