All eyes on the weekly candle as Bitcoin dips right back to last week's close.
An about-turn hadthe pair's advance after U.S. CPI data hit, and calls soon emerged for a return to $40,000 or even lower to see how steely bulls' resolve really was.
For Cointelegraph contributor Michaël van de Poppe, the results were still inconclusive, but caution was definitely needed going forward on short-timeframe trades.alongside a chart showing potential support and resistance targets. "Weekly order block rejecting in a harsh manner. Weekly candle starts to look ugly + several levels of fear across the market for coming weeks. Remaining flat at this stage."Others meanwhile called time on the potential scope of Bitcoin's longer-term downside.
"For those waiting for sub 30k $BTC, may the crypto gods be with you because the odds are not," popular Twitter commentator Credible Crypto advised.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin metrics demand BTC price gains as analysis calls for ‘near-term caution’BTC price action may dip below $40,000 before the overall recovery continues for Bitcoin bulls.
Consulte Mais informação »
Bitcoin's 30% recovery in two weeks has BTC whales back in accumulation modeThe net supply into Bitcoin addresses holding at least 1,000 BTC rises alongside the crypto market recovery, suggesting strong buying sentiment among the richest crypto investors.
Consulte Mais informação »
Bitcoin Active Users at Peak Levels Amid Latest Price DropICYMI: for the majority of the week, Bitcoin's daily active addresses have remained above 1 million, indicating an increase in utility BTC $BTC
Consulte Mais informação »
Russia shuts down darknet sites that had made $263 million in cryptoSome vendors known for selling stolen crypto cards for crypto like bitcoin on the dark web have been shut down by Russian officials.
Consulte Mais informação »
Market Wrap: Cryptocurrencies and Stocks Drop as Russia-Ukraine Tensions Rise.MARKET WRAP: Cryptos reacted negatively to geopolitical risk on Friday. BTC's market cap is starting to rise relative to altcoins, which is a sign of caution.
Consulte Mais informação »