BTCUSD Has Not Found a Way Out of Consolidation Bitcoin (BTCUSD) has demonstrated resilience within the upper range of its parallel channel, yet it has not managed to secure a definitive breakout. The market currently grapples with dual constraints: a resistance level of $45,000 and confinement along the middle line of the parallel channel. BTCUSD […]
Bitcoin’s value surged by 7.5% as the year began, reaching an impressive $45,900. This notable upswing was primarily fueled by heightened activity on the Chicago Mercantile Exchange (CME). Intriguingly, the CME’s Bitcoin price soared to about $1,400 higher than that of other exchanges, revealing substantial purchasing pressure. Recognized for hosting cash-settled Bitcoin futures contracts, the […]
BTCUSD Holds Above the $42,000 Threshold BTCUSD holds firm and keeps securing its position above the $42,000 threshold. Despite a robust bullish trajectory from October to early December being restrained beneath the $45,000 resistance level, Bitcoin has resiliently pulled back and maintained a foothold above $42,000. BTCUSD Key Levels Supply Levels: $45,000, $47,570, $50,000Demand Levels: […]
BTCUSD Drops Before Reaching the $45,000 Resistance BTCUSD drops in price, thereby experiencing a decline, failing to breach the $45,000 resistance level. Despite encountering resistance during its initial attempt in early December, where it faced an immediate rejection and dropped to $40,200, subsequent efforts to approach this significant level were met with a similar outcome, […]
BTCUSD is Hesitating to Make the Lunge Towards the $45,000 Price Bitcoin (BTCUSD) is hesitating in approaching the $45,000 price level. Despite a robust bullish trend initiated in October, the cryptocurrency has encountered resistance at the $45,000 level, facing swift rejection and subsequently retracting to the $40,200 support level. Bitcoin Key Levels Supply Levels: $45,000, […]
Nigeria’s Central Bank lifted the crypto ban, boosting Bitcoin’s bullish outlook. Nigeria’s Central Bank (CBN) has recently removed constraints for banks handling cryptocurrency transactions., signaling a bullish trend for Bitcoin (BTC). This move is expected to fuel heightened competition rising within Nigeria’s crypto-fiat exchanges and peer-to-peer (P2P) markets. CRYPTO BREAKING NEWSNigeria Central Bank Lifts Restrictions […]
BTCUSD Bullish Formation May Aid its Breakout Beyond $45,000 BTCUSD bullish formation is very promising at the moment. It is expected to potentially facilitate a breakout beyond the $45,000 threshold. The recent market movements suggest that Bitcoin is poised for an upward surge, surpassing not only the $45,000 price level but also initiating a breakout […]
BTCUSD is Set to Try the $45,000 Resistance Again BTCUSD is set for a renewed challenge to surmount the $45,000 resistance, embarking on another attempt after finding support at the $40,200 level, coinciding with the central axis of its parallel channel. Despite an earlier robust ascent to $45,000, the cryptocurrency encountered formidable resistance at this […]
Former BitMEX CEO Arthur Hayes radiates confidence in Bitcoin’s future, envisioning a significant surge to a $1 million price target. Presently hovering near $42,000.00, Bitcoin’s potential rise relies on its inherent value and transformative impact on finance, as per Hayes. This ambitious goal emphasizes Bitcoin’s shift from a volatile asset to a globally recognized standard, […]
