Categories: Bitcoin Latest News

Bitcoin’s Price Action Is Encouraging, But It May Not Signal Bottom: Traders

Bitcoin’s price needs to trade above its 21-week moving average to confirm a bottom, one trader said.Read MoreCoinDeskBitcoin’s price needs to trade above its 21-week moving average to confirm a bottom, one trader said.

Recent Posts

Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold

Institutional money has been pouring into Bitcoin at a scale that would have seemed far-fetched…

1 hour ago

The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish

Santiment data shows that bearish sentiment language is flooding social media at peak levels. However,…

3 hours ago

Bitcoin Price Holds Above STH Realized Price As Selling Pressure Thins Out – Details

Bitcoin continues to move within the $66,000 range following the corrective wave that dominated the…

3 hours ago

Traders Pile Into Bets Against Bitcoin Price — Is A Short Squeeze Looming?

After declining to around $65,500 on Friday, Bitcoin appears to be recovering slowly this weekend.…

5 hours ago

Bitcoin Breakdown Confirmed: Bearish Continuation Looms Despite Short-Term Bounce Setup

Bitcoin’s recent price action confirms a clear structural breakdown, ending weeks of compression and shifting…

14 hours ago

Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000?

Bitcoin is currently trading around $66,400, which is almost 48% below its all-time high of…

15 hours ago