BTC price action is sticking tightly to a narrow trading range — what could cause a dramatic change of pace?
These focus mainly on bid liquidity below $50,000 — an attractive zone for a longer-term market bottom. On shorter timeframes, however, BTC/USD seems more interested in clearing liquidity to the upside as the week begins.BTC price: It’s all about $60,000 CPI forms the highlight when it comes to the inflation debate and risk-asset hopes for interest rate cuts.
Markets have shown themselves to be highly sensitive to Powell’s tone when it comes to hints as to future policy moves.underscores sentiment — traders see barely any chance of a rate cut at the Fed’s next meeting in June, with the likelihood only increasing substantially in September.
“Interestingly, a trend line can be drawn between the data points from 2018, 2021, and 2024. There's a cyclical trend occurring, as previously described, where long-term holders buy in bear markets and sell in bull markets. However, a broader and more enduring trend is also at play: despite this cyclical trend, an increasing share of bitcoin is steadily being held by long-term holders.”Bitcoin and altcoin market observers may not need to wait much longer to see more varied conditions return.
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.
Bitcoin halving 'danger zone' has 2 days left with BTC price retesting $60KBitcoin approaches a key date when it comes to BTC price pressure after its latest halving.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin still lacks $60K support as BTC price nears $100M liquidity zoneBTC price volatility may return with a $100 million liquidity cloud appearing overhead as Bitcoin edges higher.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin mining difficulty risks biggest dip since 2022 as BTC price eyes $60KBitcoin prepares its biggest difficulty drop since the 2022 bear market despite BTC price trading above $60,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Bitcoin bids stack above $60K as hopes of a BTC price rebound buildNew Bitcoin bid liquidity appears between spot BTC price and $60,000 as funding rates cool to six-month lows.
Source: Cointelegraph - 🏆 562. / 51 Read more »