|

Bitcoin hits local bottom, targets $62,000

A brief technical and on-chain analysis on Bitcoin price. FXStreet's analysts evaluate why BTC needs to stay above $45,000 to be able to resume its bull market. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto.

 

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

XRP upside remains capped despite Ripple-Meritz partnership in Korea

Ripple (XRP) trades in a tight range on Wednesday, with key psychological support levels at $1.30 and $1.35, while a supply-heavy upside caps the token’s recovery potential toward $1.40.

Bitcoin extends rebound above $84,000 with US CPI data in focus

Bitcoin extends its recovery on Wednesday, aiming for the $85,000 resistance. US-listed BTC spot ETFs recorded an inflow of $175.62 million on Tuesday, after a mild outflow on Monday.

Crypto Today: Bitcoin, Ethereum, XRP hold steady ahead of US CPI

Bitcoin (BTC) is staging a subtle recovery on Wednesday, holding above $84,000. The Crypto King remains broadly in bullish hands despite failure to break the supply cluster in the $87,000-$88,000 range.

Pi Network halts decline as Core Team explores stablecoin integration

Pi Network (PI) price is holding steady above $0.0800 at press time on Wednesday, following a 2% rebound the previous day that prevented a lower leg from forming below last week’s low of $ 0.0774.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.