It's often a bullish indicator when the the 50-week moving average crosses above the 100-week, but traders can get trapped on the wrong side of the market.
Bitcoin is oversold and at trend support on intraday charts, but still faces heavy resistance around $58,000.
Investor flows into cryptocurrency investment funds is on track for a record quarter, according to CoinShares.
Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.
Retail-dominated Bybit is now a bigger bitcoin futures exchange than CME.
Profit taking around $60,000 opens the door to lower support around $54,000, causing a bit of whiplash for bitcoin traders.
SUSHI's near 3,000% rise isn't over, and could be valued at $100 using a traditional dividend discount model.
For now, BTC’s uptrend remains intact.
Investors are now seeing bitcoin as both an inflation hedge and risk asset.
Some analysts predict this rally could push bitcoin past $60,000 for the first time.
The overall program's size was left intact, along with the March 2022 end date, but the pace of stimulus is now set to increase.
The 12-month rate represents an acceleration from January's 1.4% clip, a pickup partly driven by higher gasoline price.
The CPI for February probably rose 1.7%, accelerating from the January pace of 1.4%, based on economists' projections.
Bitcoin finds support at $50,000, with next resistance seen at $54,000, and then at the all-time high around $58,000.
Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.