With the weekend producing near 7% gains, rangebound behavior still characterizes the mood as BTC/USD remains near its position from the same time last week. Bitcoin "clearly has to break above the $52K breaker to see continuation here towards $56K. On the downside: Failing to hold $46,500 and I'll assume we'll see a lows test at $42,000,”said popular trader Michaël van de Poppe.
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Markets Report: Bitcoin sees new $50K spike as rumors swirl over Twitter buy-in
A $1.25 billion convertible note offering from Twitter has pundits talking about a MicroStrategy copycat move into BTC
Bitcoin stayed higher on March 2 after overnight progress saw a brief return to $50,000. A subsequent dip to $48,400 bounced to leave the pair at around $49,000 at press time prior to the Wall Street open. For popular trader Scott Melker, the overall trend was plain to see — Bitcoin had a solid month in February, regardless of its short-term ups and downs.
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Markets Report: Bitcoin bounces back near $50K as Citi U-turns on skepticism
A surprise vote of confidence from one of Bitcoin’s best-known naysayers provides the backdrop to a return of bullish sentiment
After hitting local lows of $43,000 in recent days, Monday is seeing a renaissance in momentum on Bitcoin markets, with even Bitcoin-skeptical Citibank flipping bullish on long-term prospects.
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Markets Report: Bitcoin taps support at $44,000 after week of losses
A painful few days for hodlers looks set to culminate in a test of various critical support levels
Bitcoin has almost completed another rollercoaster week in which it met its second major price correction of 2021. Having hit $58,300 all-time highs, bulls lost steam with a retracement becoming a full-on dive in which Bitcoin lost 20%. Subsequent ranging combined with fresh weakness has taken weekly losses to almost 25%.
