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Bitcoin remains prone to volatility, while further downside offers the "path of least resistance" for BTC price next, analysis warns. Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. The landscape closely followed events from earlier in the week, where bulls failed to flip new highs to support and endured long liquidations. These were less present on the day, with around $21 million of BTC longs wiped out at the time of writing, per data from monitoring resource CoinGlass. On Nov. 14, the tally reached $120 million. BTC liquidations (screenshot). Source: CoinGlass Commenting on the status quo, market participants noted the repetitive nature of BTC price action, which left the possibility for both...

The BRICS alliance could soon expand to 13 new countries, as multiple nations have formally sent their applications to join the bloc. Discussions are currently underway to accept or reject the applications based on their economic performance. If accepted, BRICS could become BRICS+ by the end of 2023, adding more financial strength to the alliance. Countries from Africa, Latin America, and Asia have formally sent their applications, confirmed South African BRICS ambassador, Anil Sooklal. Also Read: After BRICS , 10 ASEAN Countries Ditch The U.S. Dollar In an interview with TV BRICS , Sooklal said that the response to joining the BRICS alliance from other countries remains positive. “So far, a number of 13 countries from Africa, Latin America, and Asia have applied or formally approached the BRICS leaders to become members of our association,” he said. The formal application sent by the 13 countries is a confidence booster to the BRICS alliance. Their idea of sidelining ...

BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot. Bitcoin (BTC) rose to its highest level in ten months on April 10 as traders await this week's April 12 consumer price index report to gain deeper insight into the Federal Reserve's fight against sticky inflation. If the report shows inflation dropping, it could be the next possible catalyst that further's BTC's upward move.  On April 10, BTC price soared 3.37% to over $29,300 after a quiet Easter weekend. Interestingly, Bitcoin's intraday gains appeared alongside a drop in U.S. equities, a rare decoupling that highlights the coin's diminishing risk-on characteristics. BTC/USD year-to-date returns versus U.S. stock indexes. Source: TradingView The pre-CPI dynamic could be in effect The Bureau of Labor Statistics will release March consumer price index (CPI) data on April 12, which expects to show Inflation down to 5.1% fr...