While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level. Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well as the rejection, Glassnode, in the most recent report, analyzes if Bitcoin is hammering out a bear market …

Bitcoin (BTC) stayed motionless at the Nov. 1 Wall Street open as traders rooted for clues over possible direction. Hopes of a breakout remain despite BTC sell wall Data from Cointelegraph Markets Pro and TradingView showed a narrow range in place for BTC/USD overnight, the day seeing local highs of $20,681 on Bitstamp. Markets were keenly awaiting news from the United States Federal Reserve on interest rates, these scheduled for 2pm Eastern time on Nov. 2. Until then, it was a case of “wait and see,” while on-chain monitoring resource Material Indicators noted sell-orders already increasing. “The binance order book …

Happy white paper day, Bitcoin. It’s been 14 years since Satoshi Nakamoto first sent an email to the Cypherpunk mailing list with the subject line, “Bitcoin P2P e-cash Paper.” The email included a link to the white paper, an outline of what would soon become a one trillion-dollar market. The first sentence of the email has become iconic among the Bitcoin community: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Over the past 14 years, Bitcoin (BTC) has morphed from a hobbyist pastime into a globally recognized brand. Bitcoin has been …

Bitcoin (BTC) is delivering striking similarities to its last bear market but the recent bottom may be its last, research says. In a tweet on Oct. 31, popular trading account Stockmoney Lizards furthered the bull case for BTC/USD. Bitcoin "repeats itself" in 2022 The past few days have seen talk of Bitcoin encountering a “double top” with two spikes over $21,000. The implication is bearish — declining volume suggests that bulls will not be able to flip the level to support, and many expect fresh macro lows to come next. New analysis offers an alternative, more optimistic, perspective. For Stockmoney …

After over 13 years of ups and downs, this year stands out for having the most turbulent bear market in the history of crypto. Owing to a mix of factors — that include regulatory clearances across the globe and improved credibility among projects that survived the bear market — the world of crypto marked numerous milestones this year. However, certain events in 2022 could raise goosebumps on the toughest diamond hands out there. Moreover, it was impressive to see crypto projects, in many cases helping each other, bounce back through an era of uncertainty. Acknowledging the spookiest events this Halloween, …

The London Stock Exchange-listed cryptocurrency firm Argo Blockchain has warned that it’s at risk of ceasing operations due to a lack of financing. The crypto mining company Argo Blockchain continues to explore new financing opportunities after failing to raise major capital from a strategic investor, according to an announcement on Oct. 31. Argo has been seeking to raise about 24 million British pounds ($27 million) via subscription for ordinary shares. “The company no longer believes that this subscription will be consummated under the previously announced terms,” Argo said in a statement. While Argo is exploring other financing options, there can …

Bitcoin (BTC) begins a key week of internal and macroeconomic events still trading above $20,000. After its highest weekly close since mid-September, BTC/USD remains tied to higher levels within a macro trading range. Bulls have been keen to shift the trend entirely, while warnings from more conservative market participants continue to call for macro lows to enter next. So far, a tug-of-war between the two parties is what has characterized BTC price action, and any internal or external triggers have only had a temporary effect. What could change that? The first week of November contains a key event which has …

Bitcoin (BTC) continued consolidating into the Oct. 30 weekly close as concerns over a deeper retracement became vocal. Trader avoids new longs below $21,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling levels just below $21,000 on the day. Weekend trading had produced an early return above the $21,000 mark, this short lived as Bitcoin bulls failed to offer the volume to sustain higher levels. Now, popular trader and analyst Il Capo of Crypto sensed a change of direction was ultimately due for Bitcoin and altcoins alike. Altcoins themselves had also performed strongly through the weekend, notably led …

Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” bitcoins returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers are changing their behavior after a year-long bear market. According to Glassnode, the number of bitcoins previous stationary in their wallet for 7-10 years but not active again reached a one-month high on Oct. 29. This is in fact the latest in a series of …

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000 since Sep. 13. The subsequent retracement was modest in character, Bitcoin not even testing $20,000 before reversing higher once more. The end of the Wall Street …

Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market. The publication date of the newsletter will remain the same, and the content will still place a heavy emphasis on the technical and fundamental analysis of cryptocurrencies from a more macro perspective in order to identify key shifts in investor sentiment and market structure. We hope you enjoy it! Time to go …

Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. Bets of $20,000 support fail increas Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading. The atmosphere was volatile after tech stocks suffered a major out-of-hours rout overnight, Bitcoin managing to avoid sustaining knock-on losses to the same extent. At the time of writing, the S&P 500 and Nasdaq Composite Index were both up around 1.3%. “In this current range bound phase after a prolonged downtrend,” popular trader …