Prior to the news, bitcoin saw several days when buyers began to disappear from the market.
As you can see, the price temporarily dipped below support on high volume and saw a short closing rally which pushed the price back into the TR.
Now, at the time of this article, we are testing the support of the $6,450 range again.
If we fail to hold support, we will undoubtedly test the support of the February low ($6,000).
First, we must see how support holds on the test of the $6,450 and $6,000 levels.
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle. ” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern.
Steak 'n Shake's Bitcoin strategy may inspire other businesses to integrate cryptocurrency, potentially reshaping payment systems globally.
The post Steak ‘n Shake adds $10 million in Bitcoin to its strategic reserve appeared first on Crypto Briefing.
BitMEX co-founder Arthur Hayes predicted that a BTC rally could be sustained as dollar liquidity rapidly increases. Other market observers are chiming in.
Analysts believe that Bitcoin’s price needs more than a few days of inflows to cancel the outflows in the ETF market.
The post Bitcoin Stalls Near $96K as ETF Inflows Fail to Boost Momentum appeared first on Coinspeaker.
The strategist's exit highlights growing concerns over quantum computing's potential to disrupt Bitcoin, influencing institutional investment strategies.
The post Top Wall Street equity strategist exits Bitcoin over quantum computing threat appeared first on Crypto Briefing.
The cryptocurrency market rally has stalled after Bitcoin briefly touched the $98k level on Wednesday. At press time, Bitcoin is trading above $95,500, up 5% in the last seven days. Leading altcoins Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, hovering around key levels after their upside moves.
The cryptocurrency market continues its excellent start to the week, with Bitcoin approaching a key psychological level after adding nearly 2% to its value in the last 24 hours. The leading cryptocurrency briefly touched the $98k level but has slightly retraced towards the $96k level at press time.