BTCUSD Violates $28,000 and Could Rally to $30,000 Bitcoin has successfully broken through the significant resistance level of $28,000, marking a notable achievement after several attempts. This breakthrough was achieved yesterday, propelling the price to $30,000 before experiencing a corrective pullback to $28,000. Current market indicators suggest that Bitcoin may continue its upward trajectory, potentially […]
BTCUSD Pumps Further Upward Towards the $30,000 Mark BTCUSD pumps by more than 7% to reach the $30,000 significant level. The market has been displaying bullish tendencies since it jerked off the $25,000 support level. This is an emulation of previous trends that occurred in November 2015 and 2019, just before the Bitcoin halving events. […]
Bitcoin’s recent uptick in whale activity sparks optimism, thereby indicating a growing trend. This surge aligns with smaller investors moving up, showcasing a broadening interest in cryptocurrency. According to Glassnode data, whales sent about 21,000 BTC to exchanges within 48 hours. This coincided with a market rally that pushed Bitcoin above $26,000. Check out for […]
Transforming Challenges into Opportunities: Bitcoin Miners and Renewable Energy Bitcoin mining has long been criticized for its significant electricity consumption and carbon footprint due to the energy-intensive proof-of-work (PoW) method it employs. However, a recent study conducted by researchers Juan Ignacio Ibañez and Alexander Freier presents an intriguing outlook on this matter. Their findings suggest […]
BTCUSD Is Poised to Rise Above $28,000 Following a Historical Trend The market appears primed to replicate a historical pattern characterized by significant bullish momentum, observed in November before Bitcoin halving events. Similar occurrences transpired in 2015 and 2019. Presently, on the daily chart, the market is trading slightly above the 75-period Moving Average (MA), […]
BTCUSD Struggles to Rise Beyond $28,000 Bitcoin (BTCUSD) is struggling against a formidable challenge in surmounting the $28,000 resistance threshold. Bitcoin has recently achieved a degree of liberation by breaching the longstanding descending trendline that had constrained it for an extended period. It aims to navigate multiple resistance levels to reclaim its previous pinnacle. BTC/USD […]
BTCUSD Is Trying to Surpass the $28,000 Resistance BTCUSD tries to surpass the $28,000 resistance level after it frees itself from the limitations of its descending trendline. For almost three months, the cryptocurrency has been stopped from rising beyond its descending trendline. This changed in late September as the buyers capitalized on the confluence with […]
Bitcoin (BTC) skyrocketed above the $28,000 mark early Monday, marking a significant bullish move and achieving its peak in over one month. Analysts are notably optimistic, attributing this surge to the prevailing ETF optimism and favorable seasonality factors. According to CoinDesk, traders at the Japanese exchange Bitbank had been eyeing the $28,000 level, anticipating bullish […]
BTCUSD Leaps Up from Its Descending Trendline BTCUSD leaps up from the $26,300 support level as bulls gain hold of the market. The coin has had a hard time overcoming the bearish trendline. This battle lasted over two months when the price was forced to descend under its influence. Nevertheless, the latest encounter with the […]
