What does it mean for Bitcoin price to return to $73,000?
A return to the $73,000 price range for Bitcoin price could face resistance from short-term holders but could also mark a turning point for the asset.
JinseFinanceA return to the $73,000 price range for Bitcoin price could face resistance from short-term holders but could also mark a turning point for the asset.
JinseFinanceBitcoin’s price chart is similar to the one it saw just weeks after the 2016 halving and is currently hovering near a local bottom, according to cryptocurrency traders.
JinseFinanceScott Melker believes that during the last halving cycle, the price of Bitcoin rose from a high of $20,000 to a high of $69,000, an appreciation of 250.86%. If a similar trend emerges, “Bitcoin will be at $240,000.”
JinseFinanceBitcoin-centric firms MicroStrategy and Coinbase witnessed substantial pre-market gains as BTC crossed $45,000. While Coinbase's stock surged by 6.4%, MicroStrategy's shares rose by 9.14%. The contrasting trend of these companies compared to year-end struggles hints at the potential impact of the spot Bitcoin ETF approval buzz.
SanyaA casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
CointelegraphOptimism is flowing around Bitcoin price potential, but warnings also point to intense correlation with stocks.
CointelegraphBitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle.
CointelegraphThe U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
CointelegraphNothing stands in the way of Bitcoin’s latest renaissance, even as gold tumbles and the U.S. dollar checks its progress.
Cointelegraph