A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
It is high time for a deeper retracement on the “relief” rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
Familiar support zones are back on the radar after $25,000 proves too much for Bitcoin bulls.
The announcement is the “most bullish news” ever for long-term hodlers, one analyst argues as Barry Silbert heralds the arrival of Wall Street.
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price.
Another surprise inflation increase could make things “ugly” for crypto markets, one trader warns, with hours left before the CPI release.
BTC currently makes up 41% of the total crypto market cap — its smallest market share since January.
Significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup.
Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week.