Bitcoin surged above $45,000, breaking a crucial $44,000 barrier and reaching a multi-day peak at $47,306. It now consolidates above $45,000, supported by the 100-hourly SMA and positive Fibonacci retracement levels. Key resistances at $47,000 and $47,200 could pave the way for $48,000 and beyond. Failure may lead to support tests at $46,400 and $45,900, impacting the bullish trend.
Xu LinRisk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
CointelegraphSignificant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup.
CointelegraphA lack of immediate retaliation from China emboldens U.S. stocks as new research concludes that the market is becoming increasingly "risk-on."
CointelegraphNumerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done.
CointelegraphThe 200-week moving average fails to hold as a rising dollar adds familiar pressure to Bitcoin and altcoin performance.
CointelegraphSellers are now ambushing above $49,000 as bulls avoid another dip towards the $43,000 support.
CointelegraphTraders appear to be comfortable after a small move in the BTC futures contango despite a retest of support at $58,000 and potential resistance at $60,000.
CointelegraphIt's been a dark week for macro markets, and the weekend managed to provide some respite for crypto traders.
CointelegraphThe majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests.
Cointelegraph