• Latest
  • Trending

Bitcoin Breaks Above $40K Again, But When Will Consolidation End?

March 9, 2022

Bitcoin and Ethereum succumb to TradFi – What now?

June 3, 2023

Positive Net Profit Amid Current Market Conditions

June 3, 2023

Are Ethereum whales selling their holdings?

June 2, 2023

Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

June 3, 2023

Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

June 2, 2023

Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

June 2, 2023

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

June 2, 2023

Russian Crypto Miners Set To Mint $700 Million Worth Of Cryptocurrencies In 2022

June 2, 2023

Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

June 2, 2023

LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

June 2, 2023

How Ethereum’s falling gas fees affect the network

June 1, 2023

Ethereum’s price divergence means this for DeFi blue-chip tokens

June 1, 2023
Retail
Saturday, June 3, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Bitcoin and Ethereum succumb to TradFi – What now?

    Are Ethereum whales selling their holdings?

    LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

    How Ethereum’s falling gas fees affect the network

    Ethereum’s price divergence means this for DeFi blue-chip tokens

    Ethereum Fees Plunge 69% Following A Yearly High In May, What This Means For ETH

    June could be ETH’s time to shine through and this is why…

    Did The US SEC Just Endorse Ethereum After This Settlement?

    Ethereum bulls rejected from $1915 again as…

  • NFT

    What Is Azra Games’ Approach To NFTs In Gaming?

    Fungible Token Marketplace NFTrade Offers Easy Way To Pay For Items On Multiple Networks

    Square Enix Resolves to Continue with Web3, Blockchain Gaming Drive

    Elon Musk Meme Tweet Causes Milady NFT Price To Almost Double

    Binance NFT Marketplace Expands Offerings, Welcomes Bitcoin NFTs

    Brazilian Chess Competition to Hand Winners NFTs

    First NFT Insider-Trading Trial Results in Guilty Verdict for Ex-Opensea Manager

    Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol – How Does it Work?

    Art Auction Giant Sotheby’s Unveils On-Chain NFT Secondary Marketplace

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Positive Net Profit Amid Current Market Conditions

    Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

    Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

    Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

    Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

    Russian Crypto Miners Set To Mint $700 Million Worth Of Cryptocurrencies In 2022

    Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

    Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

    Ethereum Miner Dumped ETH After Merge in Favor of Dogecoin

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Bitcoin Breaks Above $40K Again, But When Will Consolidation End?

March 9, 2022
in Bitcoin
0 0
0

YOU MAY ALSO LIKE

Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

Bitcoin continues to be struggling to interrupt out of the cage that’s the $40K-$44K worth vary. Reaching this stage has not been the issue for the digital asset, however efficiently breaking above it and sustaining constant momentum above the $45,000 worth level has been the largest hurdle. Consolidation continues to be the secret. However how quickly will this come to an finish?

Bitcoin Is Nonetheless Consolidating

Bitcoin has continued to consolidate in current instances. It had damaged by way of $40,000 3 times already within the first two months of 2022 and the current break above this level marks the fourth time. Nevertheless, the earlier 3 times have all had the identical, it appears inevitable, end result. The digital asset has not been in a position to preserve its place above $40K, ultimately sliding again right down to $38,000.

Associated Studying | Crypto Market Crumbles To Excessive Concern, Is It Time To Purchase?

Always, bitcoin has offered robust assist on the $36,000-$38,000 stage, making it the purpose to beat for bears and the place to carry for bulls. Up to now, the bulls have confirmed to have the higher hand on the stage. However for bitcoin, the consolidation has continued on.

Bitcoin price chart from TradingView.com

BTC buying and selling above $41,000 | Supply: BTCUSD on TradingView.com

With a lot time handed with present consolidation, the market has been anticipated to interrupt out of it and head in the direction of $45,000 ultimately however this is able to show to not be the case. Quite, the tug-of-war between bears and bulls has seen the digital asset proceed on this consolidation vary.

How Can BTC Break Out?

As with every consolidation vary, bitcoin can get away in any course relying on the momentum. At present, bitcoin is buying and selling above $42,000 however that is nonetheless weak floor, which means that bears can drag it down with them at any time. For the digital asset to ascertain any significant restoration development, it must definitively depart the $44,000 and head increased.

Associated Studying | Yellen’s Constructive Remarks About Biden’s Crypto EO Push Bitcoin Previous $41,000

It wants to interrupt out of the upside of the $45,000 resistance level to verify an finish to the present consolidation vary. A break above this worth level can be a powerful sign to the market that the bulls have as soon as once more taken maintain of the market. Nevertheless, like all the time, there isn’t any surety {that a} get away of the present consolidation vary needs to be upwards.

bitcoin consolidation chart

BTC in consolidation vary | Supply: Arcane Research

BTC nonetheless maintains robust assist across the $36,000 to $38,000 vary as point out above however a break under the decrease finish of this vary would imply some damaging implications for the cryptocurrency. Down under $36K is the following assist level at $34K. But when bitcoin had been to go previous this level, then it could successfully finish the present consolidation. This is able to put the following crucial assist stage at $28,000, a spread that may sign dire straits for the digital asset.

Featured picture from MARCA, chart from TradingView.com

Source link

Tags: 40kBitcoinBreaksConsolidation
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Bitcoin and Ethereum succumb to TradFi – What now?

June 3, 2023

Positive Net Profit Amid Current Market Conditions

June 3, 2023

Are Ethereum whales selling their holdings?

June 2, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Bitcoin and Ethereum succumb to TradFi – What now?
  • Positive Net Profit Amid Current Market Conditions
  • Are Ethereum whales selling their holdings?

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%