Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000?
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
Dip buyers stepped in to absorb this week’s downside in Bitcoin and select altcoins.
Bitcoin price trades near its all-time high as ETH and several altcoins start fresh rallies.
Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs.
Bitcoin’s sharp rebound off the $100,000 level shows a positive sentiment, but higher levels may attract sellers.
Bitcoin is witnessing a tough battle between the bulls and the bears at $105,000, but several altcoins are showing strength with potential breakout setups.
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited.
Bitcoin’s drop below $104,000 puts the asset into a consolidation phase where even lower lows could be tested.
Key point: Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in. Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg […]