BTCUSD Breaks Above $38,000 Resistance Level BTCUSD pops upward and has successfully surged above the formidable $38,000 resistance level, marking a significant breakthrough after nearly two weeks of persistent buyer efforts. Overcoming this resistance has been a challenging journey, with multiple tests and candle wicks attempting to breach the level. BTCUSD Key Levels Supply Levels: […]
BTCUSD Could Pullback Due to the $38,000 Resistance BTCUSD faces the prospect of retracing to the $35,000 support level, having encountered resistance at $38,000. Despite the bullish momentum that propelled the price up by over 42% in a remarkable four-week span, reaching from $26,300 to the formidable $38,000 resistance level, the cryptocurrency now grapples with […]
The critique of Ravi Menon, a managing director of the Monetary Authority of Singapore (MAS), sparks an anticipated bearish trend for BTC. These remarks mirror a growing doubt within financial circles. The misclassification of Bitcoin as ‘private’ also prompts inquiries into regulatory comprehension. Menon foresees a future financial landscape involving CBDCs, tokenized bank liabilities, and […]
BTCUSD Accrues Momentum to Bypass the $38,000 Mark BTCUSD is accumulating just below the significant $38,000 level, strategically positioning itself to gather momentum for a breakthrough. Even with the market’s initial bullish momentum, it has taken longer to break above the crucial $38,000 resistance level. BTCUSD Key Levels Supply Levels: $38,000, $42,570, $46,000 Demand Levels: […]
Amid Argentina’s economic crisis, Javier Milei, embracing anarcho-capitalism and a self-proclaimed Bitcoin enthusiast, emerges victorious. However, his win sparked concerns not only for Argentinians facing 140% annual inflation and a 40% poverty rate but also for Bitcoin’s reputation. While referencing Bitcoin in his political agenda, Milei’s radical concepts and contentious rhetoric cast a shadow over […]
BTCUSD Is In the Hunt to Surpass $38,000 BTCUSD remains intent on surpassing the significant level of $38,000. The bullishness of the Bitcoin cryptocurrency during this period is well documented, having risen more than 40% in just about 6 weeks. Nevertheless, the market has met strong resistance since reaching $35,000. It has managed to bypass […]
BTCUSD Returns to an Ascending Channel Bitcoin (BTCUSD) rises back into its ascending channel. The coin staged a bullish move, reclaiming its position within a previously established ascending channel. The year 2023 has marked a significant period of recovery for this cryptocurrency, transitioning from a bearish trend at the beginning of the year, starting at […]
BTC/USD Suffers Rejection on first contact with the $38,000 resistance Bitcoin (BTC/USD) suffers initial rejection upon coming into contact with the $38,000 resistance level. The cryptocurrency has witnessed an incredible price increase over the past four weeks, beginning in mid-October. The coin was able to bypass the different key levels in different ways, either sharply […]
Bitcoin Faces Increasing Pressure Despite Rally Bitcoin encounters bearish resistance on the path to $38,000. Despite a recent rally, the coin is currently grappling with increasing bearish pressure as it endeavors to attain a significant level of $38,000. BTC buyers have maintained control of the market, propelling the coin to a remarkable 43% price increase […]
