BTCUSD Remains Trapped Around the $26,000 Zone Bitcoin (BTCUSD) remains trapped and confined within a range. The price oscillates between the crucial levels of $26,300 and $25,800. This situation reflects the lingering impact of the recent bearish phase experienced since the previous week. The coin’s ascent has been stymied despite the cessation of sharp declines. […]
Bitcoin Sellers Struggle to Break Below $25,800 Mark Bitcoin (BTCUSD) has embarked on a downward trajectory following an extended uncertainty period around the $30,000 price level. Throughout this phase, the coin struggled to establish a firm foothold above this threshold. Ultimately, it faltered in finding the necessary support and broke out of its ascending channel, […]
A supply shortage of Bitcoin looms as miners struggle with decreasing earnings. According to the data released by Glassnode, the total network fees paid to miners are now $21,256. This is the lowest amount attained in the past five months. 2. Miner’s Profitability: Miners need to evaluate their operations with reduced rewards. If the price […]
Exploring the World of Crypto Investments While cryptocurrency operates on a unique technical foundation, the dynamics of crypto markets often mirror traditional ones. The capability to buy, sell, and exchange cryptocurrencies propels market shifts in response to demand. Armed with accurate information, we can navigate investment decisions with intelligence and precision. However, distinct disparities exist […]
BTCUSD Encounters Challenges in Rising Above the $30,000 Level BTCUSD market’s recent 8-week journey has been a roller coaster. After a sharp rise above $30,000 in late June, the coin sustained that level until mid-July, when bearish pressure dropped it below. Bears dominated until early August when buyers regained momentum. Currently, the value of the […]
BTCUSD is Poised to recover back above $30,000 The BTCUSD market’s consistent upward momentum has faltered as it struggles to maintain a position above the $30,000 mark. Subsequently, sellers exerted significant pressure, aiming to drive the market down to $25,000. Nonetheless, the likelihood of BTCUSD reclaiming levels beyond $30,000 is more pronounced than its decline […]
BTCUSD Falls Towards the $24810.0 Support BTCUSD keeps experiencing a decline, approaching the support level at $24810.0, with buyers unable to overcome the bearish sentiment that emerged around the $30410.0 key level. The previous upward trend seems to have changed as the price failed to sustain above the $30410.0 resistance level. The return to the […]
BTCUSD Bulls react to hold up the continuous plunge in the price BTCUSD bulls reacted to the price drop, momentarily halting the continuous market plunge after reaching $30,410.0. The market’s next target is the $34,760.0 resistance level. However, the bulls have lost momentum, enabling the bears to drive the price below $30,410.0. The bulls have […]
BTCUSD continues to face bearish pressure, with the bears maintaining control of the market. The current situation can be attributed to a sense of indecision among the buying base, particularly around the significant level of $30410.0. This uncertainty has allowed the bears to drive the coin’s price downward. Despite the buyers’ efforts to hold on, […]
