5 Things to Know About Bitcoin This Week as Bitcoin Price Faces a New $20K Showdown
The all-time highs of 2017 are once again haunting Bitcoin, and the price action of Bitcoin has failed to alleviate this "September Bear Market".
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The all-time highs of 2017 are once again haunting Bitcoin, and the price action of Bitcoin has failed to alleviate this "September Bear Market".
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.
Traders are nervous, with further losses likely to set off a chain reaction as exchange users rush to liquidate their bitcoin holdings, the data showed.
Nothing can keep the U.S. dollar index (DXY) down this year, and concerns over its impact on assets beyond crypto are spreading.
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years.
BTC continues to sell-off, but analysts say investor sentiment could reverse when inflation peaks or traders feel that the situation with insolvent DeFi platforms is resolved.
The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data.
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge.
Bitcoin is making a comeback at resistance levels it has seen for many years, and it feels like 2018 is here again.