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.
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Markets Report: Ether hits $1,700 high but data hints firms piling into Bitcoin
Sideways price action continues for Bitcoin, but all the signs of a bullish continuation are there before the weekend
Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.
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Having pulled well back from all-time highs, bitcoin has yet to make a decisive move (Photo: CoinMarketCap)Markets Report: Bitcoin consolidates as traders prepare for Altseason 2.0
A transfer of trading attention away from Bitcoin comes as a quiet weekend leaves $42,000 all-time highs out of reach
In a surprise change of tune, Bitcoin managed to avoid volatility altogether this weekend. Instead of hitting new highs or testing major support levels, BTC/USD simply remained within its recently established trading corridor between $30,000 and $40,000.
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bitcoin dipped below $33,000 this morning before climbing back towards $34,000 (Photo: CoinMarketCap)Markets Report: Bitcoin sees record rebound after halting dip at $30,000
No sooner had sellers driven the market to $30,000 support did Bitcoin stage a miraculous recovery, climbing over $6,000 in hours. Did Coinbase/Kraken outages contribute to Monday’s drop?
Bitcoin saw a dramatic rebound on January 12 as a bearish dive to $30,000 came to an abrupt end. Data from CoinMarketCap and TradingView showed BTC/USD attacking levels it had lost in the previous day’s trading on Tuesday, reaching local highs of $36,600. At press time, $33,000 was in play as a potential support level as ranging behavior returned to the market.
