Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.The bullish order block from 2 May could see a positive reaction from the bulls.faced intense selling pressure beneath the $30k round-number resistance. While the bulls have not yet flipped this area to support, they have also slowly pushed BTC upward since mid-April.
The Awesome Oscillator formed green bars on its histogram over the past 12 hours to indicate waning bearish momentum. This corresponded to BTC’s bounce from $28.6k during this time. At the time of writing, Bitcoin was changing hands at $28,871, measuring a near 2% bounce from the $28.3k local lows.
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.
Gauging Bitcoin’s [BTC] price trends as key metric hits new peakBitcoin's active address metric hit an all-time high, signaling potential market shifts.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin [BTC]: To sink or swim, investors unsure of market’s next directionBTC's Spent Output Profit Ratio (SOPR) indicator has remained sideways, suggesting a possible sell-off scenario where short-term holders may be selling their coins.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin transaction fees surge: This is what fueled the BTC uptrendBitcoin's transaction fees surge to a new high, with contributions from Ordinals inscriptions and BRC-20 transactions. BTC's trend remains bullish, trading at around $29,100.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin [BTC]: Are global markets entering a liquidity cycle? If so, this is how BTC will reactBitcoin shows signs of positivity as MVRV ratio reaches new highs. But traders remain skeptical of Bitcoin's growth.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin reclaims $29,500 as meme tokens rocket higherFinancial assets from cryptocurrencies to stocks rallied on Friday as the latest job data out of the U.S. shows that the labor market remains strong. Bitcoin reclaims $29,500.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »