It may be a case of “so near yet so far” when it comes to June’s multi-year low being the next BTC price floor, warns Willy Woo.
$1.6 trillion U.S. stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000.
Volatility claims many a late long position with BTC price action failing to preserve support from recent days.
Bitcoin’s 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market.
Bitcoin bulls are now attacking the “final” major resistance cluster below $25,000, on-chain data shows.
Little faith remains in continued upside for BTC price action after a week of solid gains brings back the 100-day moving average.
A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days.
Analysts are still confident that BTC price action can break $23,000 going into the Ethereum Merge and U.S. CPI data.
It’s all about the big-volume buy and sell zones for Bitcoin on short timeframes, data reveals.
Optimism increases over a macro Bitcoin bottom as daily gains top 9% for BTC/USD on the Wall Street open.