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October 26 BTCUSD BingX Chart Analysis and Today's Headline Bitcoin's price has posted a slight retracement from its early-week high north of $35,000, wiping out more than $147 million in leveraged positions over the past 24 hours.Following in the same vein as Tuesday's market dynamics, shorts were again hit hardest, with almost $80 million positions liquidated compared to just over $68 million in long positions. The 30-day bitcoin volatility index reading ticked up to over 2% on Wednesday.It is looking increasingly likely that an ETF will be approved by

October 24 BTCUSD BingX Chart Analysis and Today's Headline Bitcoin's price sustained its rally into a second week on Monday, with the digital asset rising 14.5% in the past 24 hours to break through the $34,000 mark for the first time since May, 2022.Gains Monday evening came as BlackRock's highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, made an appearance on a list maintained by the Depository Trust and Clearing Corporation, which Nasdaq says provides post-trade clearance, settlement, custody and information services.While still awaiti

August 26 BTCUSD BingX Chart Analysis and Today's Headline A tight consolidation near the support of a range is a bearish sign, as it shows a lack of aggressive buying by the bulls. The downsloping 20-day exponential moving average (EMA) at $27,463 and the relative strength index (RSI) in the oversold territory indicate that bears are in command.If the price plummets below $24,800, it could hit the stops of several traders. That may trigger long liquidations, which could plunge the BTC/USDT pair to the pivotal support at $20,000.The first sign of streng

August 25 BTCUSD BingX Chart Analysis and Today's Headline BTC is currently forming a new bottom around 💲26,000, and it is unclear whether this oscillation will continue as it did near 💲30,000. What we need to focus on now is whether the Federal Reserve will pause its interest rate hikes, which is an important indicator for market liquidity. The current support level for BTC is 💲25,800, and the resistance level is 💲26,600. ARK Invest, 21Shares Join Queue to Offer Ethereum Futures ETF Investment firms ARK Invest and 21Shares have teamed up to apply f

August 29 BTCUSD BingX Chart Analysis and Today's Headline There are no prizes for guessing how Bitcoin ended its latest weekly candle.Despite holding $26,000 into the close, BTC/USD immediately went downhill after that, wicking to $25,880 before consolidating slightly higher, data from TradingView shows.The current market liquidity issue has not been resolved yet, and with September approaching, it is expected that significant market movements will only occur next month. SEC Brings First NFT Enforcement Action in Case Against Podcast Studio The Sec

August 11 BTCUSD BingX Chart Analysis and Today's Headline The July CPI data is similar to market expectations, and this has only brought about a fluctuation of around $200 for BTC. The market liquidity is extremely low, causing BTC to fall below the MA30 moving average once again. This may lead to a new round of downward movement. The only thing that can change the market direction at the moment is the approval of BTC ETF, which will significantly increase market liquidity and bring about greater volatility. A16z Crypto Introduces Lasso and Jolt to E

August 10 BTCUSD BingX Chart Analysis and Today's Headline The expected pullback in the midst of an upward trend has materialized as anticipated. BTC is poised for a strong battle around the MA30 moving average line. The US non-seasonally adjusted CPI annual rate in July may potentially bring greater volatility to the subdued market. As for other factors, they currently have minimal impact on BTC. It is advised to focus on the level of 💲29,600 points for now. SEC Will Appeal XRP Ruling in Case Against Ripple, Regulator Says The U.S. Securities and E

August 9 BTCUSD BingX Chart Analysis and Today's Headline After a long period of minor fluctuations, BTC has chosen to break out to the upside, successfully surpassing the MA30 moving average. Currently, it is important to observe whether it can hold above the MA30, as this would favor a sustained bullish trend. If it can maintain this level, there is a possibility of reaching 💲31,000. However, if a false breakout occurs, it will likely test the lower range of 💲28,900 again. The Federal Reserve Has Launched a New Plan to Regulate Bank Cryptocurrency

August 8 BTCUSD BingX Chart Analysis and Today's Headline Data shows that long-term holders of BTC are gradually increasing, while the short-term turnover rate continues to decline. Currently, the price is relatively stable within a range, but the overall market is in a state of stagnation. Immediate rebounds after declines are becoming the norm, which is not a good market performance. Frequent false breakouts will likely lead to even greater volatility. PayPal Launches USD Stablecoin PYUSD, Issued by Paxos Trust According to Bloomberg, PayPal (PYP

August 7 BTCUSD BingX Chart Analysis and Today's Headline The cryptocurrency trading volume continues to shrink every weekend, and currently, there is no sign of improvement. The low trading volume also makes it difficult for BTC to establish a sustained trend. However, this situation will not last forever. Currently, there is a significant accumulation of chips in the price range around 💲29,000, and it is important to constantly monitor the market after a unilateral breakthrough with high trading volume. Curve's Founder Has Sold over 140 Million CRV

August 4 BTCUSD BingX Chart Analysis and Today's Headline The price fluctuations of BTC are still within a very narrow range. The long-lasting oscillating trend has allowed BTC to accumulate a significant amount of stock at current price levels. Each time there is a high stock level, there is often intense speculation between bulls and bears. It is necessary to pay attention to valid breakthroughs and breakdowns of price ranges before making any moves. Proshares and Bitwise Resubmit Three "Bitcoin and Ethereum" Futures ETF Applications According to

August 3 BTCUSD BingX Chart Analysis and Today's Headline The stimulating news yesterday caused a brief rally in BTC, but it does not fundamentally change the current market conditions. The entire market is currently experiencing a lack of liquidity, so it is not surprising to see BTC return to around $29,000. It is important to note that there is renewed FUD surrounding Binance in the market, and such negative news can easily lead to a sharp decline in prices. Ayre Group Has Acquired a Majority Stake in Nchain for Approximately $570 Million BSV s

August 2 BTCUSD BingX Chart Analysis and Today's Headline Following the news of Tether's announcement of acquiring 2,310 Bitcoins in the second quarter and MicroStrategy's plan to raise $750 million through the sale of stocks to purchase Bitcoin, BTC experienced a violent rebound after dropping to $28,500. Whether this rebound can change the downward trend of BTC remains to be seen, as it depends on whether the trading volume of BTC can maintain steady growth. In a market with low liquidity, it is easy to see sudden price fluctuations within a small ra

August 1 BTCUSD BingX Chart Analysis and Today's Headline BTC has been experiencing extremely low trading volume throughout the day, and currently, its resistance and support levels are quite clear. As time accumulates, any one-sided market movement will become more rapid and direct. The prices to pay close attention to are 29,000 and 30,000, as a breakthrough and consolidation at these levels would be suitable for further trading opportunities. Tether Q2 Financial Report: Excess Reserves Increase by $850 Million, Reaching $3.3 Billion Tether has r

July 29 BTCUSD BingX Chart Analysis and Today's Headline The strength of Bitcoin still hinges on the approval of a spot ETF, which could influence the flow of significant external funds. Two key levels to watch are the upper resistance at $30,000 and lower support around $28,500. If Bitcoin consolidates above the resistance level with significant volume, the outlook could be favorable. Conversely, a substantial break below the support level could suggest further exploration to the downside. French Privacy Watchdog Has Launched an Investigation into

July 28 BTCUSD BingX Chart Analysis and Today's Headline BTC experienced a recent decline from around $30,500 to the $28,900 level, followed by a period of temporary consolidation. The current resistance for Bitcoin stands at $30,100, while the support level is around $28,500. Overall, BTC seems to be displaying a weaker sentiment, with limited strength in its rebounds. U.S. House Agriculture Committee Passes Cryptocurrency Regulation Bill According to a report from CoinDesk, the U.S. House Agriculture Committee has approved the "21st Century Fina

July 27 BTCUSD BingX Chart Analysis and Today's Headline BTC experienced a slight short-term rebound, but the momentum was limited as it failed to surpass the $29,850 resistance. The focus remains on the $28,500 support level. Despite the impact of interest rates, BTC did not undergo a significant pullback, with the short-term structure finding support at lower levels, and previous bearish trends did not break through. Powell: Future Interest Rate Hikes Will Depend on Data, And May Raise Interest Rates in September if Necessary Federal Reserve Cha

July 26 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Yesterday, BTC traded sideways around $29,000 for the entire day. Looking at the daily technical indicators, the KDJ formed a death cross, with all three lines turning downwards. The MACD indicator showed continued bearish movement with increased volume in the decline. BTC's rebound strength suggests the presence of significant resistance from the 7-day moving average (MA7). Additionally, the Bollinger Bands (BOLL) indicator operated within the mid-lower range without any

July 25 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Currently, BTC appears to be in a divergence state, with its potential rebound being observed to see if it can reach the $30,000 resistance level. The overall market has shown a downward trend, with short-term expectations focused on whether BTC can sustain support near $28,000. Should it move lower, the second support level is around the $25,000 mark. ETF Issuer Global X Applies to US SEC for Bitcoin Trend Strategy ETF Global X, a New York-based exchange-traded fund

July 24 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart Currently, BTC is maintaining a range between $29,500 and $30,500, showing low volatility oscillation patterns. The price movement often follows a bearish trend, with minor dips followed by significant bullish candles. Short-term trends are facing resistance around the midline, and the MACD indicator continues to show signs of downward continuation, suggesting the need for further adjustments in the indicators. The market remains in a state of uncertainty with no clear di

July 21 BTCUSD BingX Chart Analysis and Today's Headline BingX’s Bitcoin Chart BTC's current trend shows no significant change from yesterday, maintaining a low trading volume. While there is initial support at $29,000, there remains a possibility of further testing the support around $28,500. The price movement is delicate, requiring close monitoring. OpenSea Launches Peer-To-Peer NFT Trading Function “Deals” OpenSea, the NFT marketplace, has announced the launch of its peer-to-peer NFT trading feature called "Deals." This new functionality all

July 20 BTCUSD BingX Chart Analysis and Today's Headline BTC has been fluctuating around the $30,000 level recently, indicating strong support below. Presently, BTC remains below the midline area, with substantial support seen near $29,500. The current market exhibits a consolidation pattern with lower levels of volatility. We should monitor the first support level at $29,500 and the resistance around $30,500 for intraday developments. Tesla Hasn’t Bought or Sold Any Bitcoin for Four Consecutive Quarters According to CoinDesk's report, Tesla's Q2

July 14 BTCUSD BingX Chart Analysis and Today's Headline BTC reached a new high of $31,800, raising questions about whether it was a genuine breakthrough or a false breakout. Looking at the market, the Bollinger Bands tightened around the midline for about a week before expanding upwards, indicating potential upward momentum. The MACD histogram decreased in length below the zero line, while the KDJ indicator showed a bullish crossover with decreasing volume. If BTC can maintain stability above $31,500, there is a possibility of challenging this year's

July 13 BTCUSD BingX Chart Analysis and Today's Headline Based on the current CPI data, the overall market appears to be in a period of consolidation. BTC's daily chart has been oscillating at high levels for 21 days, with the past week witnessing fluctuations around the MA20. The BOLL is narrowing, indicating an impending direction. On the 4-hour timeframe, BTC has formed a box pattern while being confined within a triangle formation, awaiting a breakout. Resistance near $31,000 is a key level to watch for BTC's upward movement. Google Play Updates