Press Release Today TheBitTimes.com

BTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside. Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000-$23,000 "still on the cards" for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance. July 22 saw a brief dip to $29,640 before a recovery in time for the daily close, but trader s remained worried that worse was to come. https://t.co/GY0AgGbAnn — Crypto Chase (@Crypto_Chase) July 22, 2023 “So we have a double top rejection currently on BTC, so we need to really make a note of levels incase we drop,” popular trader Crypto Tony warned Twitter followers in fresh analysis of the 3-day chart. “Those two levels are $25,000 & $20,000, and these are both key psychological levels. Make a note.” BTC/USD annotated ...

A glance at the crypto world reveals bitcoin (BTC) is experiencing a pause at the $30,000 mark, but does this stagnation indicate an impending bear market or a precursor to another bull run? Let’s delve deeper. The world’s first and most renowned cryptocurrency has seen its market dominance rise to over 50%, encompassing nearly half of the $1.1 trillion total crypto market.  This leap to dominance, its highest share in over two years, signifies a significant shift from the start of the year when its share was around 40%, according to CoinMarketCap.  As of June 28, BTC was trading at $30,309, up over 4% in the last seven days. BTC 7-day chart | Source: CoinMarketCap The impact of ETF filings and market sentiment Crypto pundits worldwide keenly observe the resurgence of interest in bitcoin ETF filings from behemoths like Fidelity and BlackRock.  Companies with overall $20+ Trillion are rushing to get their Bitcoin spot ETF and you are believing the bears who ar...

Ether’s market performance and derivatives metrics have lagged behind Bitcoin, possibly due to traders’ expectation of heavy sell pressure after the Shapella upgrade. The Ethereum network’s Shapella upgrade, scheduled for around 6:30 pm EST on April 12, has induced significant uncertainty among traders, according to a report by Kaiko.  The upgrade will enable staked-ETH withdrawals from the Beacon Chain for the first time since its launch in December 2020. According to previous estimates, the upgrade will add nearly 1.2 million to 3 million worth of ETH selling pressure in the first few weeks. This is one of the main reasons traders appear to be taking a cautious stance ahead of the upgrade. Kaiko’s report shows that ETH is lagging behind BTC in spot and Futures trading volumes, while options market data shows traders are actively adding short-term hedging positions. Ether displays muted trading data Ethereum market share in USD trading volume compared to Bitcoin declined to Marc...