BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Bitcoin Seeks $27,000 Recovery: Volatility Spurs Hope for BTC Traders

by Dan K
May 14, 2023 - 5:47 pm
in Bitcoin

BTC Price Gains Over 7% in Two Days

Data from TradingView revealed a noteworthy spike in BTC/USD, reaching $27,200 on Bitstamp, a level unseen in recent days. This performance signifies a gain of approximately 7.5% when compared to the lows seen in the last Wall Street trading session of the week. Michaël van de Poppe, the CEO of trading firm Eight, highlighted Bitcoin’s strong movements, suggesting a potential continuation in the upward trajectory if the $27.2K level is flipped.

Trader’s Views on Possible Future Market Gap

Renowned trader Daan Crypto Trades has pointed out the potential for a “gap” in CME Bitcoin futures markets if BTC maintains its current prices. Such gaps, he noted, are usually filled in a ranging environment but can remain open during strong trends.

Bitcoin Bulls Face a Tough Weekly Challenge

Despite the recent positive performance, some traders remain cautious about the immediate prospects of Bitcoin. Trader and analyst Rekt Capital warned that a weekly close below $27,550 could risk further price losses for BTC. Furthermore, current findings suggest that Bitcoin may not be replicating its recovery from 2019 this year.

Observations on Binance’s Order Book

Meanwhile, monitoring resource Material Indicators has observed shifts in liquidity in the Binance order book, with bid liquidity at $25,400 thinning by about $17 million.

Conclusion: Bitcoin’s Attempt to Retake $27,000 Amid Volatility

As we head towards the weekly close, Bitcoin is trying to claw back to $27,000, spurred by out-of-hours volatility. The cryptocurrency’s price has shown a remarkable 7% increase in just two days, demonstrating the resilience and appeal of the digital asset even amidst uncertain market conditions.

However, the immediate future remains uncertain as traders and analysts anticipate potential futures market gaps and warn of further price losses if BTC doesn’t hold above certain levels. As the market continues to fluctuate, investors and traders are advised to keep a close eye on the market trends and maintain a balanced portfolio.

In the rapidly evolving world of cryptocurrencies, Bitcoin’s ongoing battle to reclaim its value marks another fascinating chapter in its history. The resilience and potential of Bitcoin, as displayed in its recent performance, continue to make it a subject of intense interest for investors, traders, and market watchers around the globe.

Tags: BitcoinBlockchainCryptocurrency
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Law enforcement agents take down BidenCash dark web marketplace and seize associated domains and cryptocurrency

US Seizes 145 Domains and Crypto Linked to BidenCash Dark Web Market

June 5, 2025

US seizes 145 domains and crypto from BidenCash, a dark web site accused of selling 15M stolen cards...

SEC Chair Paul Atkins addressing Senate about crypto regulatory changes

SEC to Ditch ‘Regulation by Enforcement’ in Favor of Transparent Crypto Rulemaking, Says Chair Atkins

June 4, 2025

SEC’s Paul Atkins says crypto regulation will shift from court actions to public rulemaking, focusing on clarity, innovation,...

Remixpoint logo with Bitcoin graphics symbolizing increased crypto holdings

Remixpoint to Acquire $7M More in Bitcoin, Boosting Crypto Holdings to $84M

May 26, 2025

Remixpoint greenlights $7M Bitcoin buy, taking its crypto investment to $84M as part of its evolving financial strategy...

Chart showing Bitcoin price drop from all-time high and liquidation impact

Bitcoin Drops From $111K ATH, Triggering $560M in Liquidations

May 24, 2025

Bitcoin’s drop from $111K ATH triggered $560M in liquidations across crypto markets, with 160K traders hit amid Trump’s...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise