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.
Central banks exploring Bitcoin could reshape financial strategies, highlighting the need for adaptation to digital asset integration challenges.
The post Bitcoin deserves special attention from central bankers, says Czech central bank chief appeared first on Crypto Briefing.
Lutnick's confirmation may accelerate the integration of cryptocurrency into U.S. commerce policy, impacting global trade dynamics.
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Bitcoin price retreated below $95,000 on Tuesday, continuing a downtrend that began four weeks ago when it peaked at a record high of $109,200. Bitcoin (BTC) dropped as the odds of a Strategic Bitcoin Reserve, or SBR, in the United…
Google's integration of Bitcoin wallets could significantly lower barriers for mainstream adoption, enhancing accessibility and security in crypto.
The post Google exploring ‘Sign in with Google’ for Bitcoin wallets appeared first on Crypto Briefing.
The Hong Kong government has responded to inquiries regarding the use of cryptocurrencies as proof of wealth for its immigration scheme, offering a nuanced response that leaves the door open for digital assets to play a role in attracting global talent and capital.
With Bitcoin holding steady above $90,000 and many investors in profit, the risk of panic selling is minimal, analysts suggest. Investors are unlikely to panic sell as long as Bitcoin’s (BTC) price stays above the $90,000 threshold, analysts at Singapore-based…
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