Bitcoin (BTC) price briefly returned to $10,000 on May 14 as a fresh spectacular bullish surge entirely canceled out its weekend crash. Cryptocurrency market daily overview. Source: Coin360 Another BTC price crash disappears Data from Cointelegraph Markets and CoinMarketCap tracked BTC/USD as it rose to retake five figures on Thursday, gaining 13% in the past 24 hours. Resistance levels in the $9,000 corridor quickly fell as momentum built to send Bitcoin back to its position from last week. After reaching just below $10,000, a retracement took markets to press-time levels of $9,700 within minutes. Bitcoin 1-day chart. Source: CoinMarketCap As …
Bitcoin (BTC) price briefly broke above $9,000 as bulls appear to be in the process of trying to quietly move the price above the resistance level. Since Friday trading volume for the top-ranked cryptocurrency on CoinMarketCap had been virtually non-existent as the price traded sideways between $8,750-$8,850 for the majority of the day but the weekend is bound to bring about a stronger directional move. Crypto market daily price chart. Source: Coin360 Will the TD9 ring true again? As reported by Cointelegraph, the presence of a TD9 on the daily time frame, overbought technical indicators, and decreasing trading volume suggested …
The long awaited Bitcoin halving came and went, bringing with it volatility that saw the price whipsaw 5% to 7% in each direction for the last three hours leading up to block 630,000. Earlier in the day, the top-ranked digital asset on CoinMarketCap managed a quick 8% rally from $8,475 to $9,168, but was quickly snuffed out once the price dropped below the support at $8,750. Crypto market daily price chart. Source: Coin360 On a more interesting note, as the 629,999 block was mined, f2pool inserted the message “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” The …
Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility to hit $100,000 by the end of this year. According to PlanB, the creator of the popular stock-to-flow (S2F) model, called Bitcoin's price retracement from the $60,000-level the "2nd leg" of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe — PlanB (@100trillionUSD) October 26, 2021 In doing so, the pseudonymous analyst cited S2F that anticipates Bitcoin to continue its leg higher and reach $100,000-135,000 by the end of this year. The price projection model insists that Bitcoin's value would …
With the Bitcoin (BTC) halving less than 20 days away, some analysts predict that an inflow of capital will accompany the run-up to the event then reduced selling pressure at below-production prices thereafter will catalyze a bullish trend for BTC price. However, Bitcoin options data tells a different story. Let’s take a closer look. Options open interest on the rise According to Skew, open interest in BTC options contracts has been increasing since the beginning of April with Deribit holding the majority of the market share. The total BTC options open interest is currently $623 million. Open interest has been …