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 […]
BTCUSD Encounters Strong Rejection at $28,000 BTCUSD encounters a substantial rejection at the $28,000 level, erasing all recent gains and returning to a consolidation phase. The dominant cryptocurrency had previously leveraged its consolidation range between $26,300 and $25,800 to initiate an upward move. However, these efforts have been negated as the price failed to breach […]
BTCUSD Surges as Buyers Reassemble Positions BTCUSD has seen a significant upswing due to a resurgence in bullish activity. In a fresh and evident demonstration of robust bullish momentum, BTCUSD experienced a remarkable surge in its value. The cryptocurrency market is striving to regain its footing after enduring a bearish setback two weeks ago. Throughout […]
Bitcoin transaction fees drop by 15% as the price settles at a discount. The transaction fees decreased by almost 15% during the week, according to statistics made public by the crypto analytics firm IntoTheBlock. Due to a steady decrease in daily transactions on the Bitcoin network, network fees dropped by over 15% in the last […]
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. […]
