by OverviewFX | Mar 1, 2024 | Cryptocurrency
Numbers cited show a demand / supply imbalance:US-listed bitcoin exchange-traded funds …since the beginning of February, those products have purchased an average of 3,500-4,300 coins each day, according to three analysts who work for crypto money managers. That...
by OverviewFX | Feb 29, 2024 | Cryptocurrency
As opposed to the tumble yesterday which moved the price of Bitcoin from $64000 to $58800 in about 15 minute window, today there has been a more orderly fall. As outlined earlier in a post (see post here), getting below the 200 bar MA (green line in the chart above,...
by OverviewFX | Feb 29, 2024 | Cryptocurrency
Bitcoin is higher on the day. The closing level yesterday was at $62,512. The current price is at $63,281.Yesterday saw a huge run up from $56,755-$64,000 at its session high. After that trend move higher, the price tumbled down to a low of $58,835 before bouncing...
by OverviewFX | Feb 29, 2024 | Cryptocurrency
BTC 10 minsBitcoin cut through $60,000 in US trade and then exploded higher to $63,933 before a harsh reminder of two-way volatility in an air-pocket down to $58,798.But it didn’t take the dip buyers long as FOMO bids returned after three declines were unable to...
by OverviewFX | Feb 29, 2024 | Cryptocurrency
I would tend to think that a restoration of Coinbase is bullish for bitcoin because it’s a FOMO rally and that’s more fuel for the fire. However, I’d also argue that the disruption isn’t exactly a vote of confidence in services and some traders...
by OverviewFX | Feb 28, 2024 | Cryptocurrency
Not just a few hours ago, the price of bitcoin broke above the natural resistance at $60,000 for the first time since November. Now the price as reached up to $64,000. Sellers have leaned against that level and are currently pushing price down to $61,572. Whoops and...
