Bitcoin (BTC) price peaked at $73,777 in March, marking a new all-time high recorded over a month before the fourth halving.
Bitcoin price has retraced to $61K range, nearly 15% below its $73,777 all-time high recorded on March 14. After its ATH, BTC dipped 20%, marking deepest correction on a closing basis since FTX lows in November 2022. Amid a resilient macro uptrend, Bitcoin price consolidates in a falling wedge pattern. Former President Donald Trump says, Biden doesn't even know what crypto is, urging America’s pro-crypto community to vote for him.
When the price breaks out above the upper trendline of the falling wedge pattern, it is often seen as a bullish signal. This breakout suggests that buying pressure is building up and that a potential trend reversal or uptrend could follow. Traders may interpret this breakout as a signal to go long or enter a buy position.
SEO Cryptocurrencies Technical Analysis ETF
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?While the current Bitcoin correction remains in line with historical price corrections, BTC is at risk of falling to $50,000 after losing the average ETF inflow mark at $59,000.
Read more »
Bitcoin coils up for 20% climb, Standard Chartered forecasts more gains for BTCBitcoin (BTC) price remains devoid of directional bias, trading sideways as part of a horizontal chop.
Read more »
Changes to TV schedule: 'Shark Tank' and '20/20' to air overnight on WFAADue to the Dallas Mavericks' game, 'Shark Tank' and '20/20' will not be airing on WFAA's main channel at their usual time. 'Shark Tank' will be broadcasted overnight on Saturday at 2:11 a.m. '20/20' is being preempted and will not be re-aired overnight on WFAA's main signal.
Read more »
WNBA star Brittney Griner opens up about harrowing Russian detention in exclusive '20/20' specialThe WNBA star shared her story in an exclusive interview with Robin Roberts.
Read more »
20 Of The Best Reddit Posts From This Week (13-20 April)'There was fake blood everywhere and someone had called an ambulance. Which was good, because we ended up needing it for my mum.'
Read more »
WNBA star Brittney Griner opens up about harrowing Russian detention in exclusive '20/20' special'I was just so scared for everything because there's so much unknown,' Griner told 'GMA' co-anchor Robin Roberts.
Read more »