Crypto Traders Ignore High Oil Prices As BTC, Altcoins Rally
Bitcoin and altcoins rallied toward their respective range highs as investors piled into crypto despite the war in Iran and record-high oil prices.
Bitcoin and altcoins rallied toward their respective range highs as investors piled into crypto despite the war in Iran and record-high oil prices.
Bitcoin and several major altcoins sold off right at their overhead resistance levels, indicating that the bears remain sellers on rallies.
War in the Middle East, rising energy risks, and global markets on edge. In this interview, Arthur Hayes explains how a prolonged conflict could impact inflation, liquidity, and crypto.
Bitcoin’s abrupt rally to $74,000 caught the bears completely off guard, a feature shown in the technical charts of BTC and large-cap altcoins.
Markets turned green on Monday, and technical charts hint that a break above longer-term overhead resistance levels could kickstart a strong bull trend.
Technical charts forecast that Bitcoin’s downside price risk may be limited, even as BTC failed to overcome $70,000 multiple times this week.
In an exclusive Cointelegraph interview, the Coin Bureau CEO Nic Puckrin explains the key forces behind Bitcoin’s bear market, from liquidity cycles and quantum risk to fading retail interest.
Bulls reclaimed control of the crypto markets on Wednesday as BTC soared above $69,000 and several altcoins made double-digit gains.
US trade policy and stock market weakness spilt over to crypto markets, where Bitcoin and altcoins are at risk of falling to new year-to-date lows.
Bitcoin and altcoins showed strength in the US session, but technical charts suggest the bears may continue to exert pressure near the intraday highs.
Bitcoin price lows in the $50,000 range could become reality if the critical $65,000 support gives way. Technical charts also forecast bearish outcomes for most altcoins.
Technical charts suggest Bitcoin bulls must hold BTC price above $70,000 to avoid a pattern confirmation to new lows under $60,000. Will altcoins also hold up?
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