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Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
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The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
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Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.
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As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.
As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.
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$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
$60K is a key psychological level that has also proven a formidable stopping point during this year’s powerful rally.
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The quick recovery to near $58,000 demonstrates stronger confidence from investors in the oldest and largest cryptocurrency.
The quick recovery to near $58,000 demonstrates stronger confidence from investors in the oldest and largest cryptocurrency.
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After two days of sell-offs, bitcoin bulls finally returned.
After two days of sell-offs, bitcoin bulls finally returned.
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“This is a time to make sure that you have some dry powder and are not overextended,” said one trader.
“This is a time to make sure that you have some dry powder and are not overextended,” said one trader.
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Tesla got the market excited briefly, but bitcoin is still in consolidation mode.
Tesla got the market excited briefly, but bitcoin is still in consolidation mode.
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“The market is not as confident anymore,” say Arcane Research. “More traders are positioned short.”
“The market is not as confident anymore,” say Arcane Research. “More traders are positioned short.”