Bitcoin nears all-time highs — Here’s why $73K is the next key level to watch

The price of Bitcoin (BTC) saw a correction in the run-up to the record options expiry last Friday. However, nothing happened despite some expecting a massive move on the same day. The actual correction occurred before the event. On the day itself, Bitcoin’s price has bottomed out and began to rally. The ongoing rally above $59,000 is being fueled by bullish news from Visa and PayPal as both are getting into Bitcoin and cryptocurrency payments. Put differently, the market is very much in the middle of the bull cycle and…

Weekend Trap? Bitcoin Price Hits $7.3K in Attempt to Finally Break Out

The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On the other hand, the volume is starting to drop significantly in the markets.  Such a stable movement and compression combined with low volume generally leads to a big move to occur with just 24 days until the Bitcoin halving. Crypto market daily performance. Source: Coin360 Bitcoin flirting with the 100-Week MA to break  BTC…