Bitcoin price analysis: BTC sellers slowly regain control, push below $27,500 next?

Bitcoin price analysis is bearish today as we have seen another lower high set at $31.000 and another push lower this morning below $29,500. Therefore, BTC/USD is ready to decline and look to test further downside over the next days.

Timeline of Bitcoin

Bitcoin (BTC/USD) looked for fresh technical sentiment early in the Asian session as the pair continued to orbit the psychologically-important 30000 figure after trading as low as the 25338.53 area, its weakest print since the last few trading sessions of 2020.   Buying pressure pushed BTC/USD to the 30990 area before momentum stalled, just below the 76.4% retracement of the appreciating range from 21913.84 to 61788.45.

The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week's Terra (LUNA) collapse. In a new blog post, Arthur Hayes says he's gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows. According The post Crypto Capitalist Arthur Hayes Forecasts Dramatic New Lows for Bitcoin (BTC) and Ethereum (ETH) appeared first on The Daily Hodl.

Following a strong rebound on Friday, crypto prices moved back into the red today, with BTC falling below $30,000 to start the weekend. ETH also moved lower, as its own price slipped below the $2,000 level during Saturday's session. Bitcoin On Saturday, bitcoin's price fell below $30,000, as crypto bears returned to action to start

It's a nightmare week for cryptocurrency investors as the sell-off continues. Bitcoin plummeted to its lowest valuation since December 2020, with significant gains wiped away from major altcoins.

The three new ETFs under-performed bullish market expectations amid a global sell-off in the underlying prices of bitcoin and ether, the AFR said. The post Australia's first Bitcoin and Ethereum ETFs launched by Cboe Australia and ETF Securities appeared first on The Block.

Amid the Terra blockchain meltdown, Bitcoin's hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin's hashpower has remained high after reaching an all-time high on May 02, at block height 734,577. Moreover, while bitcoin miners continue to search for blocks, the network recorded another

Bitcoin (BTC) — the world's largest and most popular cryptocurrency by market capitalization — collapsed by around 30%, with prices standing at $29,790 and a 24-hour trading volume of $569.957 billion. As crypto traders looked forward to a comparatively stable weekend, Bitcoin failed to reach the $30,000 mark, becoming rapidly consistent.

It appears that the rising popularity of Bitcoin and other cryptocurrencies — despite the continuous carnage on the broader crypto market — has caused one of the greatest investors of all time, Warren Buffett, to change his mind. The 91-year-old investor was asked on May 2 at the annual Berkshire Hathaway shareholders meeting if he

Bitcoin(BTC) As Coinpedia earlier reported that the Bitcoin price may resume draining towards the lower support yet again as the price is following the dead cat bounce pattern The dump appears to be fueled by the LUNA price rally, and hence once the market conditions get settled, BTC price could rebound hitting the lower support …

In just six weeks, $830 billion has been wiped out from the global crypto industry in market capitalization. All of this raises one question: where does the buck stop, and how much more pain will investors bear?  Finally, after a streak of reds, there came a day when the bulls ended the day with green. …