Was the trip to $28,500 a real BTC 'reversal' point?
Still in a tight range, Bitcoin largely followed United States equities during the Aug. 7 Wall Street trading session.
Despite a lack of enduring momentum in either direction, market participants looked for signals that a return of some sort of trend could already be here. For popular trader Jelle, these took the form of a potential falling wedge breakout on daily timeframes.in part of the day’s analysis. The wedge in question began at the start of July and marks Bitcoin’s second in as many months, another being in place from April toward the end of June.Michaël van de Poppe, founder and CEO of trading firm Eight,“Immediately flipped back, decent daily candle. Let’s see what CPI will bring on Thursday,” he added.— the July print of the U.S. Consumer Price Index — which is traditionally a crypto market volatility catalyst.
On intraday timeframes, the picture was mixed as ever, as a game played out between market makers and takers on exchanges.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin Squeezing at $29K as Shiba Inu (SHIB) Weekly Gains Top 12%: Market WatchWill Bitcoin's price escape this narrow range around $29K soon? The market's volatility is currenty non-existent.
Les mer »
Bitcoin (BTC) Price Analysis for August 6Can buyers hold the rate of BTC above the $29,000 zone? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Les mer »
BTC price meets CPI as volatility 'collapses' — 5 things to know in Bitcoin this weekBitcoin combines CPI with steady reaccumulation with BTC price still lacking volatility.
Les mer »
Bitcoin faces 'endless spot selling' as BTC price dips below $28.7KBitcoin bulls fail to step up as daily BTC price losses pass 1.5%.
Les mer »
Bitcoin (BTC) Whales Doing Mysterious Moves: Potential ReasonsAs Bitcoin sits adrift at $29,000, whales gearing up for a potential upswing, accumulating more of the cryptocurrency despite the current market turbulence
Les mer »
Bitcoin OG bets surprising sum on BTC hitting $100K before the halvingBlockstream CEO adam3us is putting his money where his mouth is, betting that Bitcoin will reach a new all-time high of $100,000 before the halving event in April.
Les mer »