Tags : 40K

Bitcoin

Bitcoin Correction Towards $40K Back in Focus as Rally Pauses

Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla’s $1.5 billion investment and optimism over a massive stimulus package in the United States. The benchmark cryptocurrency closed marginally higher by 0.14 percent on Tuesday, forming a Doji candle that shows an imminent bias conflict in the market. […]Read More

Cryptocurrency

Analysts explain why Bitcoin is primed for a rally back

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a “complicated” correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the range […]Read More

Bitcoin

Bitcoin Eyes Bull Run Towards $40K Ahead of Biden’s Stimulus

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden’s stimulus plan expected later on Thursday, hoping that a generous spending package would pressure the US dollar and boost demand for alternative safe-haven assets. The US president-elect’s proposal expects to increase the federal deficit by around $2 trillion. His bill might contain […]Read More