Bitcoin (BTC) starts the last week of February in a volatile mood as a crucial area of resistance fails to break. After a classic “fakeout” during low-volume weekend trading, BTC/USD is back below $25,000 with bulls still lacking momentum. The largest cryptocurrency saw what looked like the next stage of its 2023 recovery last week, making swift gains and even tapping new six-month highs. The good times were not to continue, however, and February’s progress has been much slower and hard won than January’s 40% gains. How will the rest of the month pan out? A critical monthly close is …

The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto market recovery is on a strong footing. After Bitcoin’s sharp rally from the lows, analysts remain divided in their opinion about the next move. Some traders believe that the current Bitcoin rally will turn down once again, but others expect the momentum to continue, indicating the start of a new bull phase. Chances are that Bitcoin and several other cryptocurrencies may continue to …

Bitcoin (BTC) tapped $25,000 for a third time on Feb. 19 as an all-important weekly close approached. Analysis warns over whale moves Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,038 on Bitstamp. Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines. With everything to play for into the weekly close, the atmosphere among traders was tense. "Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current …

Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer. The number of newly created Ordinals, also referred to as "inscriptions", have been spiking in recent weeks, causing a surge in transaction fees and average block size on the Bitcoin blockchain. According to Wertheimer, Bitcoin NFTs are going to be beneficial for Bitcoin's security budget: by driving up transaction fees, the creation of Ordinals will incentivize miners to secure the network while the revenue from mining reward will be decreasing with …

Bitcoin (BTC) is leaving traders guessing as the future of the bull market depends on the last week of February. In multiple tweets on Feb. 17, popular trader and analyst Rekt Capital flagged crucial resistance battles ongoing on BTC/USD across multiple timeframes. Bitcoin price squares off with bear market downtrend Bitcoin hit new six-month highs this week as the latest innings of its 2023 recovery kept the bull-bear debate raging. After a consolidatory start to the month, February has turned out to be something of a reckoning point for Bitcoin price strength. Gains have been a lot harder to cement …

The total crypto market capitalization rejected at $1.13 trillion on Feb. 16, but there was no change in the month-long ascending channel structure. More importantly, this level represents a 43% gain in 2023, which is far from the $3 trillion level achieved in Nov. 2021. Still, the current recovery is notable. As shown above, the ascending channel initiated in mid-January has left some room for a 10% correction down to $1 trillion without breaking the bullish formation. Investors reacted positively to the 5.6% year-on-year U.S. CPI inflation increase on Feb. 14 and the 3% retail sales monthly growth on Feb. …

In the latest Crypto Stories episode by Cointelegraph, Aaron and Austin Arnold share their journey of creating 'Altcoin Daily,' a crypto content platform that has amassed millions of subscribers across various platforms. Earlier in life, Aaron spent his childhood dreaming of becoming a veterinarian, and then an actor, and then a filmmaker. Dreams of breaking into the filmmaking industry led the brothers to Los Angeles, where they struggled to get into entertainment. While struggling, Aaron spent many sleepless nights contemplating purpose and how he could help make a difference in other people's lives. One day, while going to a comedy …

The upcoming Ethereum (ETH) Shanghai hardfork is slated to occur in March 2023 and the upgrade will cap off the network's move to proof-of-stake (PoS) which started during the “Merge” on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether will gradually become liquid for the first time since December 2020. According to on-chain Etherscan data, over 16.6 million Ether are currently locked in the PoS staking protocol which was valued at $28 billion on Feb. 16, 2023. Ethereum’s move from proof-of-work (PoW) to PoS has started to achieve the original goal which was to make Ether’s supply deflationary. …

Bitcoin (BTC) climbed back above $24,000 at the Feb. 17 Wall Street open as analysis favored “consolidation and continuation” higher. Bitcoin faces key level to "break" bear trend Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering some overnight losses after dipping to $23,369 on Bitstamp. The pair had hit fresh six-month highs the day prior, these facing stiff resistance in the form of two weekly moving averages (MAs) and a heavy sell wall. Scott Melker, the trader and podcast host known as “The Wolf of All Streets,” stressed the importance of levels acting as lines in the sand …

On this week’s episode of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond continue their chat with Justin and J.P. Alanis, the co-founders of StoryCo — an open media platform — on the prospect of a community of creators franchising intellectual property (IP) through collaboration and soulbound tokens. Speaking on his experience with musician Tyler the Creator, J.P. Alanis said that content creation is not limited to one particular creator, but should be open to all types, including fans. However, despite the symbiotic nature between fans and creators, there are still barriers to incentivizing the creators and navigating the bureaucratic …

A Bitcoin (BTC) price indicator has flashed green for just the fourth time ever this week in a major warning to bears. In a tweet on Feb. 16, crypto market analyst Mohit Sorout announced that the Dollar Cost Average (DCA) Indicator was now “suggesting a raging bull market.” DCA breakout last preceded 640% BTC price upside The latest Bitcoin metric to flip bullish on long timeframes, DCA is even getting attention from major Bitcoin investment circles. Its buy signals are rare, with Sorout seeing just three throughout Bitcoin’s history — but all of that precluded serious BTC price upside. “Today …

Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors' risk assessment for cryptocurrencies. A stronger than expected U.S. inflation report on Feb. 14 presented 5.6% growth year-over-year, followed by data showing resilient consumer demand caused traders to rethink Bitcoin's scarcity value. U.S. retail sales increased by 3% in January versus the previous month — the highest gain in almost two years. On-chain data indicates that the recent gains can be traced back …