Bitcoin jumps above $64K as whale buying puts $66K breakout in play
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Key points of the news: Bitcoin is listed at around $64,230 and accumulates a 1% rise in the last 24 hours, according to CoinMarketCap. BTC’s dominance over the rest of the market rose almost 0.5% in one day, reaching 57.2% with a capitalization of close to $1.29 billion. BTC’s perpetual financing rates reached a maximum of 20 months, a sign of a concentrated bullish bias. Bitcoin is listed at around $64,230, according to CoinMarketCap data, wit…
Bitcoin Attempted to Push the Market Off Its Low - ActionForex
On Monday, Bitcoin rose above $64.5K, recouping the losses of the past seven days as Strategy ceased selling the asset. However, as it approaches its recent highs, the leading cryptocurrency is once again facing increased selling pressure. BTCUSD remains extremely balanced, fuelling expectations that a breakout from this consolidation phase will trigger a sustained, strong trend in the breakout direction. In theory, there is a greater chance of …
Bitcoin jumps above $64K as whale buying puts $66K breakout in play
Bitcoin (BTC) begins the new week bullish as the leading cryptocurrency is up by more than 1% in the last 24 hours. It is trading above $64,000 on Tuesday after successfully defending the $62,300 support level following the release of softer US inflation data last week. Trading volume increased when Bitcoin approached the support area, suggesting that a cluster of buy orders may be supporting the price around the $62,300 threshold. However, per…
Bitcoin rises by 1.67 % in the last 24 hours, recovering the level of USD $64,000, but the general feeling remains fragile. The volume of operations skyrockets by 81% compared to the eve, suggesting a renewed interest, although the moving averages of 90 and 200 days remain above the current price, limiting the upward potential. The asset remains 49% below its historical peak, while investors assess the impact of macroeconomic and regulatory cond…
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