On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $ 45.30 billion and a total market value of $ 1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong. However, recent downturns have left traders wary. Currently, bitcoin has declined …
Bitcoin Technical Analysis: BTC Consolidates Gains as Traders Eye $53K Resistance Level
As bitcoin weaves through its dynamic trading patterns, its valuation on Feb. 16, 2024, reveals pronounced bullish indicators. Floating within a 24-hour trading window of $ 51,364 to $ 52,884, the digital currency’s market worth firmly grips the $ 1.02 trillion mark. Bitcoin The volume of bitcoin’s global trades is cruising at …
Bitcoin Technical Analysis: BTC Consolidates Amid Uncertainty Tied to the ETF Decision
As the decision for the spot bitcoin exchange-traded fund (ETF) looms near, bitcoin’s price fluctuations embody its mercurial nature, swaying between optimistic surges and measured hesitance. It reached a zenith of $ 45,922, with Friday’s intraday value oscillating from $ 43,920 to $ 44,067. Bitcoin In the crypto trading realm, bitcoin’s activity …
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $35,000 Ahead of US Consumer Confidence Report
Bitcoin continued to trade under the $ 35,000 level on Tuesday, as markets prepared for the upcoming U.S. consumer confidence report. It is expected that the confidence index will come in at a reading of 100 in October, down from 103 the month prior. Ethereum remains above $ 1,800. Bitcoin Bitcoin consolidated on …
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Gains, as Traders Anticipate Powell Speech
Bitcoin profit takers swooped in to capture recent profits on Wednesday, as the cryptocurrency retreated below a recent high above $ 35,000. The decline comes ahead of Federal Reserve Chair Jerome Powell’s speech later today. Ethereum also edged lower, dropping under the $ 1,800 level. Bitcoin Bitcoin was trading lower on Wednesday, as …