{"id":17847,"date":"2022-02-04T11:20:45","date_gmt":"2022-02-04T10:20:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=17847"},"modified":"2022-02-04T11:20:52","modified_gmt":"2022-02-04T10:20:52","slug":"bitcoins-price-rises-as-amazons-stock-rises-15-in-a-us-tech-rebound","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoins-price-rises-as-amazons-stock-rises-15-in-a-us-tech-rebound\/","title":{"rendered":"Bitcoin’s price rises as Amazon’s stock rises 15% in a US tech rebound"},"content":{"rendered":"\n
Bitcoin <\/a>regained a significant portion of its recent losses on February 4, but there was still anxiety that a retest of the $30,000 mark was on the horizon.<\/h5>\n\n\n\n

Bitcoin is most likely to maintain its current price of $38,600<\/h2>\n\n\n\n

According to TradingView, the Bitcoin\/USD exchange rate \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>returned to $38,000 on Friday, an increase of more than 2 percent in only 24 hours.<\/p>\n\n\n\n
\"Bitcoin's<\/figure>\n\n\n\n

After being subjected to the wrath of stock sellers in the United States for two days in a row, the pair made a powerful rebound overnight.<\/p>\n\n\n\n

Later on Thursday, a similar turnaround in tech stocks, with Amazon <\/a>rising 15 percent, laid the scenario for Bitcoin to surge in lockstep, despite Bitcoin proponents condemning the excessive volatility of some shares.<\/p>\n\n\n\n

The recovery, on the other hand, may go some way toward preventing a more significant regression in Bitcoin's price, which is still supported by writer Michael van de Poppe as a “probable” move.<\/p>\n\n\n\n

Ultimately, he claimed late Thursday, “the most likely scenario is another sweep of the lows for Bitcoin around $30-33K, and following that, we establish a bullish divergence and the fun continues.”<\/p>\n\n\n\n

It was reaffirmed by him that the region around $38,600 needs still be broken and held in order for a paradigm change to take place.<\/p>\n\n\n\n

According to a recent tweet from another trader and analyst Rekt Capital regarding the same level, “BTC is still producing an indecisive candle just below the major barrier of $38650.”<\/p>\n\n\n\n

\u201cThat said, for the time being BTC <\/a>is able to hold the top of last week's candle as support. Technically, BTC is still inside the 28000-$38000 range until further notice.\u201d<\/p><\/blockquote>\n\n\n\n

\"Bitcoin's<\/figure>\n\n\n\n

Pentoshi adopted broader timeframes, punctuating months of cautious predictions for Bitcoin with renewed optimism in the cryptocurrency's return.<\/p>\n\n\n\n

As $BTC enters the green zone. My Bera watch ends, and bulla watch beginsCrazy how that works. Months of macro based bear posting after a deviation. Soon most will think it's over, when it really just beginsBillionaires, nations, institutions compete for scarcity(X) \u2014 Pentoshi DM'S ARE SCAMS (@Pentosh1) February 3, 2022<\/p><\/blockquote>\n\n\n\n

Based on the TradingView report, on-chain indicators are predicting another rally this week, breaking out of a two-month downward trend.<\/p>\n\n\n\n

Ethereum reaches a two-week high above $2,800 <\/h2>\n\n\n\n

On the cryptocurrency front, Ether <\/a>(ETH) and Solana (SOL) were the top performers on the day, both registering 24-hour increases in excess of 5 percent.<\/p>\n\n\n\n

Because trader and Bollinger Bands author John Bollinger said that present levels were a good purchase zone for his ETH <\/a>allocation, ETH\/USD surpassed BTC\/USD to cross $2,800.<\/p>\n\n\n\n

This seems like a good add-to spot for my $ethusd position.\u2014 John Bollinger (@bbands) February 3, 2022<\/p><\/blockquote>\n\n\n\n

\u201cEthereum is acting even stronger than Bitcoin here,\u201d\u00a0 Van de Poppe noted, as the largest cryptocurrency <\/a>by market cap touched its highest levels since Jan. 21.<\/p>\n\n\n\n

\"Bitcoin's<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin regained a significant portion of its recent losses on February 4, but there was still anxiety that a retest of the $30,000 mark was on the horizon. Bitcoin is most likely to maintain its current price of $38,600 According to TradingView, the Bitcoin\/USD exchange rate returned to $38,000 on Friday, an increase of more […]<\/p>\n","protected":false},"author":13,"featured_media":17850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,76,25,21],"tags":[6119,5561],"class_list":["post-17847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-bitcoin-price","category-market-analysis","category-news","tag-bitcoin-price-2","tag-btc-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-63.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=17847"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/17850"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=17847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=17847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=17847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}