The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE.
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Bitcoin trader fears a bear market comeback: Watch the US dollar
It's all about a golden cross, a death cross and the Federal Reserve when it comes to Bitcoin price action in the first half of the week.
Bitcoin trader fears a bear market comeback: Watch the US dollar
It's all about a golden cross, a death cross and the Federal Reserve when it comes to Bitcoin price action in the first half of the week.
Bitcoin trader fears a bear market comeback: Watch the US dollar
Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as analysis showed an “interesting dynamic” in play on BTC price charts.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: Golden cross meets death cross
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ignored the start of United States equities trading to stay near $22,800.
The pair had seen flash volatility into the weekly close, abandoning levels nearer its six-month highs above $24,000.
Bitcoin thus worried market participants as the week began, with an increasing number eyeing a potential retest of $20,000 or lower.
For on-chain monitoring resource Material Indicators, attention now turned to two classic chart features: a “golden cross” on daily timeframes and a “death cross” on weekly timeframes.
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Bitcoin looks like it is treading on thin ice as February fails to match the gains of last month.
Is BTC price about to retest $20K? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of February in a newly bearish mood as multimonth highs fail to hold.
In what may yet bring vindication to those predicting a major BTC price come down, BTC/USD is back under $23,000 and making lower lows on hourly timeframes.
Feb. 6 trading may not yet be underway in Europe or the United States, but Asian markets are already falling and the U.S. dollar is gaining — potential further hurdles for Bitcoin bulls to overcome.
With some macroeconomic data to come from the Federal Reserve this week, attention is mainly focused on next week’s inflation check in the form of January’s Consumer Price Index (CPI).
In the build-up to this event, the results of which are already hotly contested, volatility may gain a fresh foothold across risk assets.
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A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility located on the Spanish island of Mallorca along with representations in Spain, London and Switzerland.
While it has been known to treat addiction ailments such as alcohol, drugs and behavioral health — it has now recently begun offering services aimed at combatting crypto trading addiction, according to a report from the BBC.
The Feb. 5 report revealed that one of the center’s clients reached out so that he could “wean off crypto” after reportedly pouring in $200,000 worth of crypto trades each week.
The treatment involves a four week stay — which comprises of therapy, massages and yoga. The bill can be upwards of $75,000.
Spanish rehab center adds crypto trading addiction to services list
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