US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst call SVB dip 'bear trap'

This came true, with Bitcoin and altcoins benefiting from intense uncertainty surrounding bank stocks in particular as trading got underway.of two more U.S. banks was keenly felt, not just at home but in Europe, where banks also saw heavy losses.

"Massive move of Bitcoin. Now facing next resistance zone ," Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight,"Trend is back up, buying the dip on S/R flips seems the game. Resistance around $23.3-23.6K, if it stalls and consolidates -> altcoins should continue.

"The way BTC has recovered within such a short space of time just shows that the drop to ~$20000 was a Bear Trap," heFurther analysis called the uptick"phenomenal," with 18% added versus the local lows from March 10.

Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp. The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open.

$canine

Update : 24K

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources. This is pretty cool and interesting, but no matter what you are doing, don't depend on a single income and if you want to be financially free, invest for tomorrow's future. I've made over $50k in crypto with the help of. 📥👇👇
Source: Reuters - 🏆 2. / 97 Read more »