Bitcoin Tests Bear-Market Trend but $80,000 Resistance Still In Place
4 Articles
4 Articles
Bitcoin’s Bear Market May Be Over After a 20% Rally: But What Comes Next? (Analyst)
Bitcoin had a huge week, finally. The crypto asset jumped by 25% and neared $80,000 as the rally gathered serious momentum. One analyst now believes that the bear market has ended and BTC has entered a “Soft Bull Market,” following its recent breakout above several important resistance levels. Bears Get Squeezed Doctor Profit identified $71,000 as extremely strong support and $78,500 as the next major resistance, while explaining that everything…
Bitcoin's $80,000 Push Is a Macro Trade, Not a Crypto Revival - CryptoGazette
Bitcoin's 23% weekly surge toward $80,000 was driven by macro fears over US fiscal strain and bond yields, not crypto fundamentals. Here is what the data show The post Bitcoin’s $80,000 Push Is a Macro Trade, Not a Crypto Revival appeared first on CryptoGazette.
The bitcoin has chained a weekly rise of more than 23% and Panther Capital believes that the rebound has behind the so-called smart money, the money of the professional and institutional investors that usually anticipates market movements. The US firm places the next relevant barrier at $80,000, after the asset touched the $79,319 on Friday. Cosmo Jiang, manager of the firm, explained in an interview with CNBC that a small pause is possible, but…
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