China News Today TheBitTimes.com

Market analysts are projecting further downsides for Bitcoin (BTC) in the coming days after the flagship cryptocurrency suffered sudden losses as risk assets react to escalating geopolitical tensions in the Middle East. In this context, market participants were hoping for Bitcoin to hold above the $70,000 mark, acting as an anchor for another potential record high, possibly surpassing the $100,000 mark. Regarding the next trajectory, crypto analyst Alan Santana pointed out in a TradingView post on April 14 that Bitcoin’s recent downturn may be just the beginning of a more substantial correction. Picks for you UFC 300 victorious fighter wants the $300,000 bonus in Bitcoin 2 hours ago Dogecoin support wavers as whales move; Brace for further DOGE drop? 2 hours ago Ripple sells 100 million XRP as geopolitical tensions escalate 3 hours ago 2 cryptocurrencies to reach $50 billion market cap in April 5 hours ago Santana’s Analysis , bas...

Bitcoin bulls still have an opportunity to turn the situation around, analysis suggests, with BTC’s price recovering to a key springboard level. Bitcoin (BTC) fought to regain lost ground at the April 19 Wall Street open as traders called for calm on the day’s downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Unusual” spot sell triggers BTC price suspicion Data from Cointelegraph Markets Pro and TradingView monitored BTC/USD as it crawled toward $29,500 on Bitstamp. The pair had shed $1,000 in minutes earlier on the day as over $200 million in long liquidations accompanied a return below $30,000. Reactions subsequently linked the price action, which originated in a 16,000-BTC market sell on Binance, to a potential forthcoming news event, this ultimately failing to materialize at the time of writing. $BTC Either a new local low here if $29K is held & no FUD is dropped later However, 16K BTC is unusual size to be market sold solely from Binance spot usually the ...