Tag: 11k

Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

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As the weekend begins, Bitcoin (BTC) price continues to fluctuate between the $10,800-$11,000 range.  Cryptocurrency daily market performance snapshot. Source: Coin360 Some analysts would say the digital asset has lost momentum but a quick glance at the 1-hour or 4-hour chart shows Bitcoin chugging along sideways in a defined range which is starting to see some compression.  BTC/USDT 1-hr chart. Source: TradingView Despite what appears to be ‘disinterest’ from crypto traders, Bitcoin price is painting higher lows and lower highs and if this pattern continues a breakout should be expected…

Market Wrap: Bitcoin Tests $11K; Uniswap Passes $1.5B Locked

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Bitcoin has lost its market momentum. Meanwhile, the amount of cryptocurrency locked in decentralized exchange Uniswap was nearly doubled on Friday. Bitcoin (BTC) trading around $10,867 as of 20:00 UTC (4 p.m. ET). Slipping 0.42% over the previous 24 hours. Bitcoin’s 24-hour range: $10,812-$11,039 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 16.Source: TradingView Bitcoin was only able to eclipse the $11,000 level briefly Friday before dropping to as low as $10,812 on spot exchanges such as Coinbase. …

Technicals Suggest Bitcoin Looks Ready For Another Leg Higher Over $11K

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Bitcoin price corrected lower, but it found support near the $10,750 zone against the US Dollar. BTC is currently rising and it looks ready for another break above the $11,000 resistance. Bitcoin is trading in a positive zone above the $10,650 and $10,750 support levels. The price is likely to break the $11,000 resistance as long as it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $10,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

It’s a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K

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Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.   Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage. Yesterday, as Bitcoin price closed in on $11K, Cointelegraph cautioned that the move shouldn’t raise hopes too high as rejection at this level could be…

Traders Counting on BTC Sky-Rocketing, Today Bitcoin Price Below $11K

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Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000. Currently, it rests at $10,842. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD: Bitcoin price is down today. Traders promise that the BTC renews the highs until the end of the year. The uncertainty pushed traders to buy the BTC. On W, the Bitcoin is finishing the correction of ascending dynamics. The quotations are forming a bounce off 61.8% Fibo, which will signal further growth. The aim here is at 100.0% Fibo. The…

First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K

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Every time the Federal Reserve meets, it’s important to remember the only real monetary policy tradition at the 107-year-old institution is that a bunch of people will get together and talk about markets and the economy and decide what to do next. There’s never really any right or wrong answer for how to go about it; there’s only the decisions the top Fed officials end up making. The officials are broadly guided, of course, by economic theory and history, ostensibly a desire to provide stability and long-term growth, and perhaps a bit of politics from time to…

Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400

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Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,662-$11,099 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 14.Source: TradingView Bitcoin hit as high as $11,099 on exchanges such as Coinbase Wednesday after the U.S. Federal Reserve announced it was keeping…

First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K

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One of the interesting things about cryptocurrency investors is they really do look at the world very differently from many of their counterparts in traditional finance.  The thinking goes something like this: The efforts of governments and central banks to repair the economy are doomed to fail, and likely to make the situation worse. There is no point in moving to a defensive investment strategy because prices for digital assets are going to the moon. Every time the stock market goes up, it just validates the reality that the dollar is…