Bitcoin Declined Below $58K; Support Between $53K-$55K
The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.
What’s Next as Bitcoin Recovers From Sell-Offs?
Bitcoin’s price momentum is starting to recover on the daily chart from last Friday, which saw its worst trading day since September. WisdomTree Head of Digital Assets Jason Guthrie shares insights into the possible catalyst behind Friday’s bloodbath.
Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed
Bitcoin slipped 2.5%, hitting lows of under $56,000, while the futures tied to the S&P 500 declined by 1.2%.
First Mover Asia: Bitcoin Rebound Continues Into Third Day Amid Lessening Omicron Fears
Ether and all but one other altcoin ranked among CoinDesk’s top 20 by market cap also rose.
Market Wrap: Bitcoin Bears Retreat as Traders Buy on Dips
Bitcoin is up about 6% over the past 24 hours. Analysts expect short-term price gains.
Bitcoin supera los $58.000 con la atención puesta en Ómicron y el discurso del presidente de la Fed
Existe un consenso en el mercado de que los bancos centrales y los gobiernos intervendrían rápidamente con más estímulos si los precios de los activos se desplomaran ante posibles confinamientos en las principales economías.
Bitcoin’s Hourly Chart Signals Possible Bull Run Ahead
Bitcoin’s recovery has taken the shape of a bull flag on the hourly chart. A breakout could accelerate the recovery, perhaps bringing a re-test of $60,000. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Returns Above $58K as Momentum Improves
Bitcoin recovered some of its losses from the “Black Friday” shopping day when it declined by more than 8%, following news of a novel COVID-19 strain called Omicron. 3iQ Digital Assets President Chris Matta discusses the potential drivers moving prices higher as the cryptocurrency is trading over $58,000, up nearly 6% on the day.
Bitcoin Returns Above $58K as Momentum Improves
Buyers will need to clear $60K resistance to maintain an uptrend.
