Category Archive For "Market Update"
Bitcoin price rejected above $10,000 for the third time in a month, showing the multi-year resistance level remains a challenge for bulls to overcome.
Bitcoin price needs to secure a weekly close above $9,300 to avoid dropping below the ascending channel to revisit lows below $8,800.
The halving hits as commentators consider the increasing importance of fees for miners going forward, but price volatility lessens.
Smoother conditions follow Bitcoin’s third block subsidy halving on Monday, but anticipation is building as fiat continues to wane.
Bitcoin price action turns volatile once more as daily gains circle 4% despite bad news from traditional markets, which are tipped to open lower.
Bitcoin bulls recaptured the $9K mark for the second time in 24-hours and this time it looks like traders are targeting the $9.4-$9.6K zone.