Bitcoin raises questions as it falls for fourth straight session
Bitcoin is down for a fourth consecutive trading session, sliding as much as 2.2% today to $76,563, and the uneasy backdrop for risk assets is making it harder to sustain.
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Trading Recommendations for Bitcoin (BTC) on September 11 Using the ICT System
Bitcoin has traded in a sideways channel for three weeks after a sharp surge to $18,000. Recall that Bitcoin often pauses within strong trends and then, even without a correction.
Low spot demand caps BTC rise
Bitcoin and Ether have traded in sideways channels for several weeks after a sharp jump. That does not mean the downtrend that began last year is over. On the daily.
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Bitcoin's northward impulse intact, but local structure favors downside continuation
Bitcoin has effectively stalled for nearly three weeks after a sharp $18,000 surge. It is worth remembering that within strong trends, Bitcoin will often pause and then, sometimes without.
Visa integrates payment rails with blockchain credit, expanding stablecoin utility
Visa on Tuesday announced a connection between its VisaNet settlement data and blockchain-based lending infrastructure, giving lenders a new way to finance the payment obligations of holders of stablecoin-linked cards.
Arthur Hayes expects new ATH by year-end
Bitcoin and Ethereum have been trading in sideways channels for several weeks after a sharp surge. However, that does not mean the downtrend that began last year is over.
Bitcoin Below $79,000: Whose Finger Will Press the Sell Button First
Bitcoin and Ether continue to fall after a failed recovery attempt made earlier this week, and the asset slipped below $79,000, returning to pre-rally levels under $80,000. Before buying.
The market keeps calm on rate odds while Bitcoin's pullback looks corrective, not structural.
Friday's US labor market data appeared to finish off those still clinging to the thesis that crypto would rally on a Fed pause. Yet, under the surface of the rates.
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