#btcgbp

After a period of sustained upward momentum characterized by higher highs and higher lows, the price has reached a critical resistance zone where the 100 and 200-day moving averages intersect. This is a crucial juncture where the price could either undergo a pullback and enter a downtrend or break through the zone and aim for the $30K mark. Technical Analysis By Shayan The Daily Chart Analyzing…

Bitcoin’s price went on a rollercoaster in the past 24 hours, with moves of up to $1,000. Most altcoins are slightly in the green today, but BTC’s dominance has continued to increase and has neared 50%. BTC at $28K The business week started on a high note for the primary cryptocurrency, which skyrocketed by $1,500 in about a day and a half and tapped a 6-week peak at over $28,500. However, the…

The historic influx of 14,924 Bitcoins into Kraken, one of the leading cryptocurrency exchanges globally, has raised questions and piqued the interest of investors, analysts, and enthusiasts alike. It marks a pivotal moment in the market since the influx represented the largest recorded on Kraken since 2018. The sheer volume of BTC deposited into the platform may suggest several potential…

Bitcoin has surged past the $28,400 mark for the first time since mid-August, sparking investor optimism that “Uptober” has arrived. Data indicates that BTC wallets have accumulated billions of dollars in the last month, potentially driving prices even higher. A similar sentiment was voiced by experts who embraced the bullish outlook as the leading cryptocurrency surged to a six-week…

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future…

Bitcoin’s price has found itself trapped beneath the $27,000 mark amidst a significant decline in spot trading volumes that hit a 6-year bottom. This substantial slump in spot trading activity can be attributed to the growing fear surrounding the macroeconomic landscape. However, this downward trend in spot trading has an interesting side, according to CryptoQuant. Recent data from CryptoQuant…

Bitcoin’s price has recently rebounded from $25K support, but it is currently facing rejection from a key resistance zone. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rising after finding support near $25K. However, the 50-day moving average, around $27K, is pushing the price down. Another significant resistance level is the 200-day MA, trending near…

Though Bitcoin (BTC) continues to trade well below its 2021 November 2021 highs, Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications chief, remains steadfastly bullish on the asset. Speaking at the Messari Mainnet conference in New York, Scaramucci expressed confidence that the worst of the bear market is now behind us. Why Bitcoin Goes Up From Here:…