Sink or swim for BTC? Traders are as divided as ever over Bitcoin's future.
Macroeconomic data releases from the United Statesbut no overall trend change as traders bided their time heading into the weekend.
“Seeing $50,000 calls already on Bitcoin and we have yet to complete a higher high and higher low market structure change,” popular trader Crypto TonyMore optimistic was fellow trader Credible Crypto, who doubled down on a theory which compared current BTC price action to that of late 2020, just after Bitcoin had passed its old 2017 all-time high.
“After such a long and deep sell-off, do we think the DXY is already done on the upside? I don't. Lotta shorts to squeeze yet,” macro investor David BradyU.S. dollar index 1-day candle chart. Source: TradingViewFocusing on monthly timeframes, meanwhile, trader and analyst Rekt Capital eyed a potential cue for Bitcoin to dip before continuing higher.This came in the form of its relative strength index , which in January bounced from all-time lows to reclaim a key support level.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin NewsBitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision.
Read more »
Marathon Digital Discards HODL Strategy: Sells BTC After More Than 2 YearsMarathon sold 1,500 BTC in January, cashing out for the first time since October 2020.
Read more »
Bitcoin (BTC) Price Analysis for February 4Can BTC get to $24,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
13,370 BTC Bought by This New Bitcoin Whale in One Biggest Monthly Transfer: Details$313.1 million in Bitcoin now held by this brand new whale — an acquisition made in a single $BTC transfer santimentfeed
Read more »
Ethereum (ETH) Price Analysis for February 2Does ETH have enough power for a rise to $1,700 within the next few days? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
Top Reason Why Bitcoin (BTC) Just Reclaimed $24,000Bitcoin has now managed to reclaim the $24,000 level once again amid a recent stock market rally
Read more »