bitcoin / 326 posts found
Bitcoin: How BTC’s recent crash has aggravated its chances of touching $20k
Bitcoin price has continued its descent after breaching an extremely bearish continuation pattern. The recent sell-off seems to be happening after the FOMC meeting and suggests that is mainly driven by long-term holders that purchased BTC in 2021 and 2022. Bitcoin price in search of stable footing Bitcoin price has created a bearish continuation pattern referred to as a bear flag. The pattern contains a massive downswing followed by a consolidation phase. A breakout from this coiling-up often results in the price continuing its descent. For Bitcoin, the 52% crash from its all-time high at $69,000 to $32,837 created the […]
Bitcoin drops below $35,000 over the weekend, extending Friday’s losses
Bitcoin Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%. Bitcoin, the world’s largest digital currency by market value, was lower by about 3% at $33,438.03 late Sunday, according to data from Coin Metrics. This year, Bitcoin has been trading in a narrow range as it attempts to reclaim its highs of […]