Bitcoin price defends support due to ascending trendline as BTC bulls hold above $61,000. GameStop stock shapes and accelerates markets for two days after Roaring Kitty’s surprise resurfacing. GME could generate renewed appetite for risk/hype among speculators seeking opportunities, potentially causing downstream effects on BTC and alts. Bitcoin price tests the patience of traders as it glides along an ascending trendline on the four-hour time frame.
Technical analysis: Bitcoin coils up for a bounce, but there is a catch Bitcoin price is primed for a bounce as it defends against further downside, shown by the Relative Strength Index , which is deviating horizontally. If this momentum indicator defends against a lower high, Bitcoin price could bounce atop the ascending trendline, potentially recapturing the $63,354 threshold.
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.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61KThe Bitcoin options contract had a put-call ratio of 0.50 while the Ether options contract had a PCR of 0.37.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin traders set six-figure price targets after BTC reclaims $61KBitcoin’s market structure and on-chain data suggest that BTC price is facing stiff resistance around the $64,000 area.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »