The Shanghai Court’s ruling boosts Bitcoin’s bullish prospects. Justin Sun recently revealed a significant development for Bitcoin, highlighting its bullish potential. As per Justin Sun, the Shanghai No. 2 Intermediate People’s Court officially acknowledges Bitcoin as an exceptional digital currency, distinct from virtual coins like Q coins, due to its scarcity and inherent value. The […]
Bitcoin Approaches a Crucial Stage of Retesting Its Trendline BTCUSD approaches a pivotal juncture and is currently at a critical crossroads as it experiences a pivotal retest of its descending trendline. This moment carries substantial consequences for the overall market trajectory, as it stands on the precipice of either favoring buyers or sellers. The outcome […]
BTCUSD pierces through its trendline for a market pump. The coin is on the precipice of a bullish surge, having pierced through and risen above its descending trendline. The descending trendline had cast a shadow over the Bitcoin market, having persisted since mid-July, stemming from a failure of the coin to extend a rally beyond […]
Peterson’s enthusiasm for Macquarie Bank’s digital transformation fuels investor excitement for Bitcoin. One of the biggest Australian banks, Macquarie Bank, recently announced its intention to switch to a digital-only banking system starting in 2024. A plan has been put in place to start giving up cash, checks, and phone payment systems to accomplish this. Jordan […]
BTCUSD Is Poised to Break Its Downtrend Line, Leading to a Rally BTCUSD is poised to push strongly upward. The coin is on the cusp of a pivotal test, challenging a persistent descending trendline that has constrained its progress ever since it surged past the $30,000 mark. Bitcoin price has subsequently experienced a downward trajectory, […]
While it’s common for trading activity in the cryptocurrency market to decrease during the summer, recent unfavorable developments, such as the Federal Reserve’s interest rate hikes, have exacerbated this trend. CoinMarketCap reports a substantial drop in the cryptocurrency market cap, which now stands at $1.01 trillion. Notably, when examining individual cryptocurrencies, Bitcoin appears to be […]
BTCUSD failed in another attempt at a bullish breakout, which aimed to breach the crucial $26,300 level. This move was supposed to signal a departure from its prolonged price consolidation phase. Since mid-August, the consolidation has confined the coin between $26,300 and $25,800. This happened after a significant global cryptocurrency market downturn. BTCUSD Key Levels […]
Bitcoin hits a new low as oil production cuts suggest further pressure. Two major oil producers, Saudi Arabia and Russia, made some significant announcements yesterday that had a significant impact on the market. They both pledged to keep their oil production costs low through the end of 2023. The price of WTI crude oil increased […]
Bitcoin Is Currently Being Pressured by a Significant Selling Weight Bitcoin (BTCUSD) is being pressured to drop to a significant support zone at $25,000. The coin had a bearish blow when it was around $30,000, leading it to drop into a price accumulation between $26,300 and $25,800. An attempt to surge was quickly repelled at […]
