The Currency analytics
By Maheen Hernandez
Bitcoin's wild ride continues. The digital currency crashed to $60,000 last week before staging a pretty dramatic comeback, climbing all the way back to $71,700 and closing the…
The $60,000 level basically saved Bitcoin from a much uglier drop, and now everyone's watching to see if it'll hold up as solid support going forward.
If Bitcoin manages to crack through $74,500, the next targets become $79,000 and $84,000, though getting there won't be easy given how choppy trading has been lately.
The Momentum Reversal Indicator flashed a buy signal Friday right from the $60,000 low, giving bulls something to hang their hats on.
Bears still run the show right now. Last week's price drop was brutal, and the selling pressure hasn't really let up despite the bounce.
Most analysts figure Bitcoin will stay stuck between $60,000 and $80,000 for the next few weeks, which means traders are in for more sideways action unless something big changes…
Bitcoin Magazine jumped on the story February 9, pointing out how volatile things have gotten and focusing on technical indicators like the RSI, which recently hit oversold levels.
These technical markers matter a lot when traders are setting up their strategies in such an unpredictable market.
Juan Galt weighed in on the psychological side of Bitcoin's rapid drop and recovery. He said the market's response to the $60,000 support level could really influence short-term…
February 9 saw crypto analysts from Feral Analysis doubling down on their view that the $74,500 resistance level could be make-or-break for Bitcoin's next major move.
Tone Vays, a well-known trader, highlighted the MRI buy signal from Friday. Per Vays, "While this signal might spark a temporary rally, traders should stay cautious of potential…
Retail investors are jumping in too. Platforms like Robinhood and Coinbase saw trading volumes spike after Bitcoin's drop to $60,000, showing heightened interest among smaller…