BTCUSD Gears Up for a Battle at $69,000 BTCUSD gears up to challenge the significant $69,000 resistance level, a level that once marked the market’s all-time high. Following the establishment of a new peak at $73,840, the cryptocurrency’s upward momentum has stalled. The market has since been consolidating, with a notable support level at $60,675. […]
BTCUSD Remains Locked in Consolidation BTCUSD remains unmoved and firmly ensconced in a consolidation phase, largely unaffected by persistent buyer agitation. In the lead-up to the halving event, the market witnessed an unprecedented surge, reaching an all-time high of $73,840 on March 14th. However, this peak has remained unchallenged, as the market has predominantly consolidated […]
As the highly anticipated Bitcoin halving draws near, the latest monthly outlook report by Coinbase delves into the potential catalysts that could shape the cryptocurrency market in the coming months. While the halving has historically been credited with initiating bullish trends, the immediate effects on Bitcoin’s price remain uncertain. According to the report, Coinbase analysts suggest […]
BTCUSD Bullish Momentum Takes a HitBTCUSD Bullish Momentum Takes a Hit BTCUSD bullish momentum has encountered resistance as it struggles to surpass the significant $73,000 level. Following its breakout from the ascending channel, the BTC market exhibited robust bullish activity, achieving a new all-time high at $73,840. However, this surge was short-lived, leading to a […]
Following each halving, Bitcoin (BTC) becomes increasingly scarce, and analysts from the leading crypto exchange, Bybit, predict that the upcoming event, expected in the next four days, will make the digital asset twice as rare as gold. A report outlining the anticipated changes before and after the Bitcoin halving indicates that BTC will undergo a […]
The upcoming Bitcoin halving event is poised to transform the cryptocurrency mining landscape, prompting miners to adopt more sustainable practices. As the block reward reduces from 6.25 BTC to 3.125 BTC, miners are at a crossroads that could reshape the industry. Faced with potential profitability challenges, mining companies are reevaluating their strategies. According to Cointelegraph, […]
Bitcoin plunges amid Middle East tensions as investors brace for an extended crypto selloff. Bitcoin faced a steep decline amid broader cryptocurrency market woes, attributed to escalating tensions in the Middle East. Iran’s retaliation against Israel, sparked by a strike in Syria that claimed Iranian military lives, intensified regional conflict. Investors monitored digital asset markets […]
BTCUSD is Ready to Rally to a New Market High BTCUSD is ready for a potential rally to surpass its previous market highs. After breaking out of an ascending channel that had guided its bullish trajectory since January 2023, the cryptocurrency experienced enhanced market momentum, propelling it to establish a new all-time high at $73,840. […]
Hong Kong, renowned as a global financial hub, is gearing up to make a significant stride in the digital assets sector. Reports suggest that the city is on the brink of endorsing exchange-traded funds (ETFs) directly linked to Bitcoin and Ethereum. This development is anticipated to breathe new life into the crypto market, particularly in […]
