Bitcoin kept bulls guessing and bears firmly disappointed on March 12 as a retest of lower levels ended in a strong rebound. Data from price trackers including CoinMarketCap and Tradingview showed BTC/USD rejecting a move towards previous support at $52,000 which began overnight.
-
-
Markets Report: Grayscale ‘panic selling’ may mean BTC bottom is in, says analyst
A return to below $50,000 for Bitcoin comes as Grayscale Bitcoin Trust exhibits a historically accurate sign that the market has bottomed
Bitcoin came full circle on March 4 after a trip to over $52,000 triggered a swift sell-off and loss of $50,000 support. Data from price trackers including CoinMarketCap and Tradingview showed a day of regression for BTC/USD, which dropped 7% in 24 hours to cancel out the previous day’s gains.
-
Markets Report: Bitcoin plots next move after week of serious bull triggers
Ranging returns to BTC/USD but expectations clearly favor an attack on $50,000 in the near future
Bitcoin has transformed once again this week — not so much in price as in character — with $50,000 still easily within range. Bitcoin has transformed once again this week — not so much in price as in character — with $50,000 still easily within range.
-
Elon Musk's Tesla buy pumped BTC to its biggest single-day gain ever on Monday—and the impact is still reverberating (Photo: CoinMarketCap)Markets Report: Bitcoin tipped for $50,000 next as Tesla upends expectations
The shock $1.5 billion from Elon Musk’s company continues to ricochet among investors and mainstream consumers
Bulls were already confident prior to Monday’s news, with Bitcoin passing $40,000 over the weekend. Elon Musk’s company then set the market alight with its filing with U.S. regulators and Bitcoin subsequently hit new record levels of $48,200.
