Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge” resistance. That was the opinion of trading firm QCP Capital, which in its latest crypto market research piece, “The Crypto Circular,” warned that Bitcoin faces risks far beyond the Federal Reserve. Bitcoin "most direct global liquidity proxy" Having survived the latest flood of macroeconomic data from the U.S., Bitcoin is nonetheless flagging right below $25,000 as bulls run out of momentum. For QCP Capital, there is now reason to believe that risk factors for price performance will …

In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators. There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics, as listed below: The strong preceding trend (flagpole or pole) The consolidation channel (the flag itself) The trading volume pattern A breakout A confirmation of the price moving in the direction of its previous trend. In this article, we discuss bull and bear flag patterns and how to trade …

The launch of Bitcoin Ordinals back in January created a stir within the crypto community on their place within the Bitcoin (BTC) ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from the initial peer-to-peer cash system vision of BTC. No matter the community sentiment on the Bitcoin NFT issue, this did not stop Bitcoin mining firm Luxor Mining from acquiring OrdinalHub, the primary platform for Bitcoin NFTs. The announcement came on Feb. 20, saying already 150,000 inscriptions have been made, a 15000% increase from the beginning of the month. Luxor highlighted …

The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. No need for caution anymore, however, as the “battle has been won” between fiat and crypto, according to BIS. BIS general manager Agustín Carstens, who made the claim, highlighted that “technology doesn’t make for trusted money,” among further criticisms of crypto in an interview with Bloomberg. Crypto has lost the argument that it's an alternative to fiat currency, the head of the Bank for International Settlements says https://t.co/xZKFHEj3b2 — Bloomberg Crypto (@crypto) February 22, 2023 As the central bank for central banks, the …

Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. Analyst on Bitcoin: "Waiting for a bit lower" Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of the Wall Street open. Bitcoin bulls had lost ground after the U.S. holiday weekend, which ended in weakness across equities and a failed attempt to flip $25,000 to support. For Cointelegraph contributor Michaël van de Poppe, who was hoping that the correction would be short lived, it was nonetheless time to wait and …

Ether (ETH) fell short of a bullish breakout based on technical and on-chain analysis, suggesting that the consolidation below the $2,000 price level could continue in the medium term. At the same time, a lack of sellers and strong fundamentals will likely protect Ether from steep declines. Ethereum encounters resistance at long-term bullish reversal points ETH/USD price increased by 42.80% since the start of 2023 thanks to a short squeeze in the altcoin market, negative investor sentiment and low liquidity conditions. Based on on-chain and technical levels, the rally has paused at a crucial bull-bear pivot. Glassnode’s Relative Unrealized Loss …

This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat. We will be doing things a little differently this week since our handsome and charming host, Joe Hall, will be somewhere over the Atlantic during the livestream and will not be able to join us. Not to worry, though, as our resident experts Marcel Pechman and Sam Bourgi are here, as always, to break down the latest news in the markets. Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support …

Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States' stock markets opened down. BTC price skids lower with US stocks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp. Bearish signals were already in for the pair after it saw swift rejection during its latest attempt to flip $25,000 to support. Amid suspicions over whale movements on exchanges, monitoring resource Material Indicators concluded that the 200-week moving average (MA) at $25,100 needed to become support for Bitcoin to change its long-term trend. "IMO, until we see …

Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns. In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems. Active addresses not copying bull market paradigm As on-chain metrics flip green and some even flash bull signals not seen in years, a healthy dose of suspicion remains among many analysts. CryptoQuant contributor Yonsei_dent is among them, writing in one of the platform’s Quicktake blog posts this week that 2023 does not chime with previous bull markets. The problem, he …

In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin (BTC) mining fares during the current turbulent period for the industry. Throughout 2021 and 2022, the crypto industry experienced significant growth, followed by bear market struggles, bankruptcies and job cuts. Leverton took on the position of …

Bitcoin (BTC) matched six-month highs on Feb. 21 as the latest attempt to flip $25,000 to support ended in failure. Bitcoin unsettled before Wall Street open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,250 on Bitstamp. A firm rejection on hourly timeframes then saw the pair return below $24,750, maintaining a trading range in place throughout the weekend. With Wall Street on holiday on Feb. 20, Bitcoin faced three days of “out-of-hours” trading featuring thinner liquidity and more risk of volatile moves both up and down. These to some extent came to pass, with efforts to beat …

Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots. To create a grid of orders that covers a range of potential market movements, this method entails placing numerous orders at incremental price levels above and below the present market price. Generally, the trading bot places buy/sell orders between a predetermined price range, constructing an automated trading grid. This automation allows crypto traders to benefit and make profits …