- The crypto market was able to overcome the struggles it faced the past two days to push higher in trading on Friday as digital assets have gained new favor with investors looking for an escape hatch from the rapidly deteriorating global banking system.
Data from TradingView shows that Bitcoin bulls took charge of the price action from the opening candle on Friday, pushing the top crypto to a daily high of $27,180 before it corrected to support at $27,000, marking a 8.2% gain on the 24-hour chart.The morning BTC update from Kitco senior technical analyst Jim Wyckoff noted that “April Bitcoin futures prices are higher and hit a contract high in early U.S. trading Friday.
As the top crypto now looks to generate momentum to launch from support at $27,000, market analyst Michaël van de Poppe suggested that as long as BTC can hold above $26,000, it should be able to climb to $28,000 in relatively short order. Otherwise, $25,000 was identified as a good place to place a lowball order for a long.Needs to hold $26K. If that holds, $28-30K is next.Relatively easy to understand. pic.twitter.
BTC is NOT a safe haven asset
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SVB Financial files for Chapter 11 Bankruptcy as Bitcoin, cryptos see greenSVB Financial has decided to move for chapter 11 filing before a Southern New York district court The group reported a liquidity of around $2.2 billion in the filing On one hand, Bitcoin (BTC) and other cryptocurrencies have started to thrive in the market. On the other hand, the picture is quite the opposite as […] People seem to have forgotten that Bitcoin hit $65k in mid 2021 and went all the way back down to $28k in the summer before coming back above $65k again Y’all follow Bnb_7h She’s a super underrated Bitcoiner who have been following her tweets & tip closely Follow her
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin holds above $24k as the banking crisis spreads around the globeCryptos consolidated on Wednesday as many tokens saw their recent gains pared by profit takers while Bitcoin traded sideways but managed to hold above support at $24,000. Stip being Bitcoin maxis or else.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin [BTC] bounces back: All you need to know as king coin crosses $26kBTC traded momentarily above $26,000 on 14 March. On-chain data indicated positive sentiment. During the intraday trading session on 14 March, Bitcoin [BTC] momentarily traded at a staggering high of $26,500 for the first time since August 2022. The rally in price was due to the positive sentiment that lingered in the market as many […]
Source: CryptoAmb - 🏆 22. / 68 Read more »