BTC/USD

The headlines around Bitcoin are already talking about the 100k level but first, bulls need to push above and gain acceptance at the 95k level.

Bitcoin is the big winner from the election of US President Donald Trump and with a crypto-friendly administration set to take over, FOMO has driven a massive breakout in BTC/USD.

Markets are making big moves on the back of Trump’s win and if House results confirm a Republican supermajority, there could be drive for even further highs in stocks and Bitcoin. The US Dollar, however…

Look at bitcoin’s latest weekly candle. Yes, it’s incomplete, but what a turnaround from where we were on Monday. As of the time of writing, it’s a big bullish pin. Unless we see a major reversal today, that’s a strong signal we may see further upside ahead.

Momentum may have turned higher for bitcoin this week, yet it lacks the trading volumes usually associated with a strong rally.

Bitcoin trades less than a day's range away from its all-time high. But whilst a break higher could be on the cards, we're wary that it could be a 'last hurrah' before its move to $60k.

Bitcoin saw the anticipated bounce above $60k on Wednesday, and there may still be some juice in the bullish tank for another crack at $70k - even if my bias for the weekly chart remains bearish further out.

Bitcoin has once again broken above $70k before a sharp reversal. The question is whether it will result in a eye-watering bear market like it has in the past.

Overnight signs of resilience have emerged that indicate Bitcoin may be closer to a bottom than some may think.

If inflation comes in ahead of expectations, this will only raise speculation about aggressive monetary tightening

Cryptos have skidded further amid surging inflation, interest rate hikes and worries about an economic slowdown

Will Bitcoin and cryptos keep on dipping, or will we finally see at least a corrective rally in this bear market?

Bitcoin is now more than 50% cheaper compared to the record high it had reached last year

Overnight, North America's largest bitcoin conference, Bitcoin 2022, kicked off in Miami, nine days after Bitcoin tagged fresh year to date highs for 2022.

Overnight, stocks, bonds, the U.S. dollar index, and headline commodities all closed lower.

The technicals on both the daily chart and the 240-minute chart point to more downside for bitcoin.

The technicals on both the daily chart and the 240-minute chart point to more downside for bitcoin.