Bitcoin (BTC) stays under $24K, here's what might trigger breakout BTC $BTC
On the other hand, the category of holders with 10-100 BTC is still rising, while those with 100-1,000 BTC are staying flat.
It suggests that, if the number of shark and whale addresses, which are those who own 1000-10,000 BTC, begins to rise in a manner seen for small-holder BTC addresses in the last three months, this might be a breakout sign., the key level for Bitcoin to hold if declines persist from current levels is the $23,400 level. Failing to hold above this level might result in a trip to the $22,700 level.
On the other hand, if a rebound is sustained at current levels and Bitcoin manages to flip the $24,200 level into support, a fresh uptrend might be kickstarted. According to Ali, a key indicator, the aSORP behaves today as it did in 2018."After it marked the bottom at 0.914, it jumped to 1.017, and now it's retesting the crucial 1.0 support. If this level holds, it will confirm the bull run," he said.
South Africa Latest News, South Africa 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 Falls Below $24,000 Ahead of FOMC Minutes – Market Updates Bitcoin NewsBitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes.
Read more »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound Following Fed Minutes – Market Updates Bitcoin NewsEthereum rebounded strongly on Feb. 23, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes.
Read more »
BTC's Rollercoaster Around $24K Continues, LDO Soars 14% (Market Watch)Lido DAO has taken the main stage once again with a massive 14% daily increase.
Read more »
Optimism (OP) Soars Above $3 on Coinbase News, BTC Choppy at $24K: Market WatchThe more recent Coinbase-Optimism news has turned OP into one of the best performers today.
Read more »
Bitcoin Hovers Near $24K as Investors Mull Economic UncertaintiesBitcoin dipped early Thursday but regained its footing near $24,000 as investors continued to weigh minutes from the U.S. central bank’s FOMC meeting earlier this month. _jocelynyang_ reports
Read more »
First Mover Asia: Resilient Bitcoin Rebounds Above $24K Despite Investors' Inflation, Labor Market ConcernsGood Morning Asia, here's what's making news today: 1. Bitcoin showed its resilience in returning to its perch above $24K on Thursday. 2. Bitcoin funding rates' 10-day, positive streak is a bullish sign. JPRubin23 and GWilliamsJr_CMT write
Read more »