Volatility at least? BTC aims for $29,600 after the Wall Street open.
, followed by a brief dip to $29,000 support, comprised weekend price action, and this is now appearing to give way to more interesting behavior.
Analyzing the current setup on exchange order books, popular trader Daan Crypto Trades noted what could be a “spoof” sell wall in place to keep spot price suppressed. “Quite the wall above price. Supposedly to push price down. Often these big orders are spoof orders and have no intention to actually get filled,” heBTC/USD annotated chart. Source: Daan Crypto Trades/X
Bitcoin, nonetheless, stayed below a key resistance zone for bulls to flip, with $29,700 still the line in the sand for continuation. “BTC will soon challenge the multi-week series of Lower Highs for a breakout attempt,” popular trader and analyst Rekt CapitalThe latest weekly close was of significance despite the lack of volatility, coming in at just above the key $29,250 level that bulls required.
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 has bottomed despite 'astonishing' BTC price action — AnalystBitcoin 'historic compression' is near as BTC price continues to track sideways after U.S. macro data.
Read more »
Bitcoin (BTC) Price Analysis for August 13Can the rate of BTC drop to the $29,000 mark? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Read more »
THORChain's RUNE Explodes 20% in a Day, Bitcoin (BTC) Stalls at $29K (Weekend Watch)Aside from RUNE, the other top gainer from the larger-cap alts is Toncoin.
Read more »
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC mergerTeraWulf's increased hash rate sees 908 BTC mined in Q2, while Hut8 holds out for USBTC merger to increase capacity.
Read more »
Bitcoin (BTC) Short-Term Holders' Supply Plunges to Cycle Low, Glassnode SaysLeading on-chain analyst Glassnode registers 'stage of extreme apathy and exhaustion' dominating Bitcoin (BTC) markets today
Read more »
Revolutionizing Bitcoin Privacy: Samourai Wallet Unveils BTC to XMR Atomic SwapsSamourai has revealed a BTC to XMR atomic swap feature aimed at revolutionizing onchain privacy in Bitcoin.
Read more »