Market Analysis

Bitcoin (BTC) rebounded to key resistance on Feb. 8 as crypto markets got a boost from a familiar source. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: “Disinflationary process” is here Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching the important $23,400 zone on Bitstamp overnight. The pair reacted positively to the latest

The Graph (GRT) price slipped on Feb. 8 alongside a broader correction across the top crypto assets. GRT price skyrockets with other data management tokens GRT’s price plunged nearly 14.5% intraday to $0.18, showing signs of short-term upside exhaustion after rising over 200% earlier in the year. At its sessional high, the token was changing

A little-known Bitcoin (BTC) price metric has just given a new bull run signal — and it has never been wrong. As noted on Feb. 8 by Caleb Franzen, senior market analyst at Cubic Analytics, the Williams %R oscillator has left its bottom zone for the first time since May 2022. Analyst: Oscillator crossover is

Bitcoin (BTC) held by Tesla is still worth 33% less than its 2021 purchase price, the latest data shows. Two years to the day that Elon Musk’s firm added BTC to its balance sheet, most gains continue to evade the auto manufacturer. Tesla and Bitcoin: From $1.5 billion to $225 million Bitcoin and Tesla have

Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Battle of the Bitcoin crosses begins Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first Wall Street

Bitcoin (BTC) starts the second week of February in a newly bearish mood as multimonth highs fail to hold. In what may yet bring vindication to those predicting a major BTC price come down, BTC/USD is back under $23,000 and making lower lows on hourly timeframes. Feb. 6 trading may not yet be underway in

Bitcoin (BTC) could face a retest of $20,000 and the United States will fail in its plans for a “soft landing” on inflation, a new analysis says. In a YouTube update on Feb. 5, Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, warned that the tide is due to turn

Bitcoin (BTC) circled $23,500 on Feb. 4 as bulls refused to give up support in out-of-hours trading. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price conjures 2020 memories Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding a narrow range in place since the Feb. 3 Wall Street open. Macroeconomic data releases from

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve announced plans to raise interest rates by 25 basis points.  Even though Fed chair Jerome Powell told investors not to wait for interest rate cuts in 2023, during his press conference he did clearly

Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Think again” over U.S. recession Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it erased gains from earlier in the day to center on

Bitcoin (BTC) headed toward $23,000 on Feb. 3, after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp. The pair had come off a second trip above the $24,000

Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” a new analysis says. In a tweet on Feb. 2, on-chain monitoring resource Material Indicators flagged key levels to flip to support after BTC/USD spiked above $24,000. Bitcoin price gears up for trend line showdown In what was ultimately a boon for Bitcoin

Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors’ primary area of focus. Specific areas to

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June. In September, Bitcoin’s dominance index was as low as 38.84%. The index typically rises when most crypto investors reduce their exposure to

Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 “best case” for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading,