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BTC price support and resistance lines in the sand are crystallizing amid a fresh bout of low volatility for Bitcoin. Bitcoin (BTC) hit intraday lows after the Sep. 26 Wall Street open as BTC price behavior shunned major volatility.  BTC/USD 1-hour chart. Source: TradingView Binance traders put up thin BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency acting in a tight range while keeping $26,000 as support. Bitcoin bulls saw several retests of the $26,000 level as the week got underway, this still holding at the time of writing. Analyzing the composition on largest global exchange Binance, monitoring resource Material Indicators eyed potential scenarios to come. With $50 million in bid liquidity between $25,000 and current spot price versus just $6 million in overhead resistance, there was little “holding price down.” “Watching to see if it replenishes, moves or gets eaten,” part of commentary stated. Material Indicators reite...

BTC price support is yet to reappear, with Bitcoin bulls too sure of themselves, CryptoCon argues. Bitcoin (BTC) needs to reclaim one key moving average to “regain its bullish status,” one popular analyst argues. In Analysis issued to subscribers on Aug. 22, CryptoCon warned that bulls remained too optimistic over $26,000 BTC price support holding. 20-week EMA as BTC price line in the sand Bitcoin staged a modest recovery above $26,500 around its latest daily close, data from Cointelegraph Markets Pro and TradingView shows — but a sober market synopsis says that bulls have much more work ahead of them. BTC/USD 1-week chart with 20 EMA. Source: TradingView For CryptoCon, the 20-week exponential moving average (EMA), now at $27,750, must be won back as support in order for the uptrend to be safe. “I have been covering this moving average a lot recently, but I believe it is critical for Bitcoin to regain its bullish status,” he wrote. The Analysis compared current BTC price action to...

$4.2 billion in BTC options expire on March 31, and despite weeks of harsh regulatory action against the crypto sector, bulls are well positioned to profit. Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries, commissions, loans and fees it received from US citizens, as well as paying civil penalties for the violations. The increase in Bitcoin’s price was also fueled by a shift in sentiment toward risk assets after the U.S. Federal Reserve Chair Jerome Powell said interest rate hikes are no longer the default move to curb inflation. The central bank understood that the current situation will likely “result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes.” Fixed-income investors earn more when interest rates rise, so buy...

From whale "manipulation" to a lack of mainstream interest, Bitcoin is facing serious challenges after its 40% price rebound. Bitcoin (BTC) is up 42% since the start of 2023, but short term, the outlook may now favor the bears. The latest data paints a problematic picture for BTC price action — investors are greedy, but the mainstream is far from ready to buy. After January’s 40% surge, BTC/USD is having trouble reaching for resistance higher up the chart. As Cointelegraph reported, the pair spent the whole of February simply consolidating its prior gains, making it likely the least volatile month on record. Judging by current moves, however, that consolidatory phase may soon be over — but not work out in bulls’ favor. Cointelegraph takes a look at three issues that Bitcoin is currently contending with which have the potential to remain a thorn in the side of the bull run. Bitcoin hodlers feel the greed Crypto market sentiment received a serious, if unexpected, boost at the ...