Tags : Focus

Bitcoin

Bitcoin Weekly Outlook: India Ban Scare, FOMC Meeting in Focus

Key Bitcoin Takeaways Bitcoin slipped on Monday after logging a record high above $61,000 during the weekend session. Fears of a crypto ban in India and recovering US dollar and bond yields pressured the cryptocurrency. More clues about the market bias to come from this week’s Federal Open Market Committee’s meeting. Bitcoin fell more than […]Read More

Bitcoin

Bitcoin Under Pressure as Focus Shifts on Wild Crypto Rivals

Bitcoin has every reason to continue its upside rally for the rest of this week, ranging from Tesla’s $1.5 billion investment to Twitter’s consideration of holding it. Nevertheless, the flagship cryptocurrency is going down. The BTC/USD exchange rate corrected sharply after hitting its record high of $42,000 on Tuesday, pointing to a spike in profit-taking […]Read More

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

Bitcoin

Bitcoin Weekly Outlook: Expect Bear Trap as Focus Shifts on

Bitcoin has switched its short-term market bias from bullish to bearish in the last two weeks. The flagship cryptocurrency attracted sellers as soon as it established a fresh record high near $42,000. While the price dropped by as much as 31.57 percent since then, it also recovered due to an apprehensible buying sentiment near psychological […]Read More