Tags : Retest

Bitcoin

Bitcoin (BTC/USD) Signals Falling Wedge Breakout to Retest $58,000

Bitcoin opened this week in positive territories, looking to recapture its record high levels after crashing to its three-week lows in the previous session. The benchmark cryptocurrency was up 4.70 percent ahead of the London morning bell, hitting an intraday high shy of $47,500 after bouncing off its 200-4H simple moving average wave. Its sharp […]Read More

Bitcoin

Bitcoin Expects to Retest Record Highs after Powell’s Testimony

Key Bitcoin Talking Points: Rising inflation hopes, depressed real rates, and a beaten US dollar may underpin Bitcoin prices in the sessions ahead. Holding the 20-day simple moving average as support could trigger the upside bias. Meanwhile, an extended downside correction could also let the market retain its long-term bullish sentiment. Bitcoin fell by almost […]Read More