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Bitcoin Price
Bitcoin Price refers to the current value of Bitcoin (BTC) in the global cryptocurrency market. As the first and most prominent digital currency, Bitcoin's price is a significant indicator of the overall health of the cryptocurrency market. It is determined by supply and demand dynamics, influenced by factors such as market sentiment, regulatory news, technological advancements, and macroeconomic trends. Bitcoin's price is also closely watched by traditional finance professionals, given its potential as a digital asset and a hedge against inflation. It's traded on various cryptocurrency exchanges, including Coinbase, Binance, and Kraken.
Bitcoin Holds Support; $60K Resistance Within Reach
BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.
Bitcoin Drifts Lower; Support Around $54K-$55K
Bitcoin buyers and sellers are in a stalemate as oversold rallies have been limited on intraday charts.
Bitcoin Still Has Support From Long-Term Uptrend, Says Technical Analyst Katie Stockton
Despite short-term volatility, bitcoin's uptrend remains intact. And some traders could be shifting to altcoins.
Bitcoin Weakens Amid Slower Volume; Support Around $54K
Volume has significantly slowed over the past two weeks, which is typical of a consolidation phase and could lead to sharp price moves.
Bitcoin Rangebound With Support Near $57,900
BTC continues to consolidate, although selling pressure remains limited to rising support levels on intraday charts.
Bitcoin Awaits Institutional Demand for Next Leg Higher, Oanda Says
Bitcoin's intraday rally follows a near 36% rise over the past month as traders look to institutional demand to fuel further upside.
Bitcoin Fails to Break $60K; Short-Term Support Near $56K
BTC will need to break above $60,000 to resume the uptrend.
MicroStrategy Rated 'Buy' by BTIG Partly on View Bitcoin Will Hit $95K by End of 2022
BTIG also praised the firm's core business.
Bitcoin’s Drop in Volatility May Boost Appeal, Make $130K Possible, JPMorgan Says: Report
The U.S. banking giant said the declining volatility of the cryptocurrency could boost its appeal to institutional investors.
Bitcoin Newbies Are HODLing as Prices Rise, Blockchain Data Suggests
The new generation of HODLers were forged during market rallies over the past year, and show no signs of slowing down.
