The world’s largest digital coin is holding up relatively well, despite the latest salvos against the crypto world.
28 March 12:10
The world’s largest crypto by market cap is taking a healthy pause after briefly breaching the $28,000 mark, though still holding around its highest levels since June 2022. Bitcoin’s year-to-date gains soared by as much as 72% before paring such advances to 67% at the time of writing.
21 March 10:55
Amid the ongoing SVB saga and the fears engulfing the traditional US financial system, Bitcoin is advancing for a fourth consecutive day, surging past its 50-day simple moving average (SMA) to come within touching distance of the psychologically-important $25k line.
14 March 11:19
At the time of writing, the value of the world’s largest crypto has fallen by about 2.9% so far this month. Bitcoin is now limping along, barely keeping its head above the psychologically-important $22,000 mark for the time being.
7 March 09:54
Bitcoin is set to wrap up February 2023 with gains of less than 2% (barring a surge later on this final day of the month), and is on course for posting back-to-back monthly gains for the first time since February-March 2022.
28 February 11:44
The 50-week simple moving average (SMA) of the world’s largest crypto has now sunken below its 200-week counterpart. This is the first such technical instance in Bitcoin’s history which began its existence in 2009.
21 February 10:41
The January US inflation release due later today may trigger yet another big move across risk assets, including cryptocurrencies.
14 February 11:21
Bitcoin’s 50-day simple moving average (SMA) has crossed above its 200-day SMA. As cited in last week’s article, this was a key event to look out for, as a “golden cross” typically heralds more gains ahead.
7 February 10:57
At the time of writing, the world’s largest crypto is on course for best January since 2013, having notched a a 38% gain since the end of 2022.
31 January 11:22
Since Litecoin’s trough back in June, it has surged by as much as 130.56% (using intraday prices) as of yesterday. And it’s still trading around levels not seen since May 2022.
24 January 10:16
Bitcoin has risen above the psychologically-important $21k mark, having punched past its 20-day simple moving average (SMA) and is now testing resistance around the early-November 2022 peak.
17 January 11:10
While noting that the new year is very much still in its infancy, one can’t help but notice the recent surge across the crypto sector.
10 January 10:37
Bitcoin prices have been consolidating into a tight range around the $17,000 mark over the past one month.
13 December 11:12
On December 1st, Ethereum crossed over its upper Bollinger band, which denotes overbought levels. Such a technical event has been accompanied by an average drop of 6.8% over the subsequent 20 days, according to Bloomberg data.
6 December 11:44
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