The Bitcoin chart looks very constructive still here. Dollar has had sharp rally last couple weeks, and I think will turn lower once again, which should help Bitcoin.
Category: Charts
U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say
The Treasury’s efforts to build back cash balances after resolution of the debt limit situation might suck out dollar liquidity from system, pushing bitcoin lower.…
Litecoin Is Undervalued, Onchain Indicator Suggests
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.…
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure. The heavily shorted U.S. dollar surged against the basket of…
Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish
Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows. Fees on the Bitcoin blockchain have surged to two-year highs as…
Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback
A break below the average would call into question the bull market’s strength, one analyst said. Bitcoin (BTC) has come under pressure of late amid…