Technical indicators suggest strong bullish momentum for Bitcoin, including a positive EMA crossover and a rising RSI nearing the overbought zone. Open interest in Bitcoin derivatives has increased to $61.51…
Browsing: Bitcoin price analysis
Bitcoin (BTC) is expected to continue its downward trend as analysts predict a fall to $70k after a decline below a crucial support level. Another analyst has predicted that Bitcoin…
Analysts suggest tightening dollar-denominated liquidity and declining equity markets are influencing Bitcoin price’s recent downturn. Despite current selling pressure, metrics like Bitcoin’s MVRV ratio indicate the market has yet to…
An analyst has pointed out that Bitcoin (BTC) has flipped an old support level into resistance, indicating a possible prolonged correction. The ongoing bearings sentiment is reported to have been…
Multiple analysts have predicted that Bitcoin could decline to $60k if it plunges below a crucial support level. Meanwhile, Santiment data suggests that whales are increasingly moving stablecoins to centralized…
The level of demand for Bitcoin by institutional investors through spot Bitcoin ETFs is reported to have doubled miners’ production, leading to a liquidity squeeze and price sensitivity. An analyst…
Bitcoin price action this week will depend on the Federal Reserve’s interest rate decision, U.S. economic data releases, and central bank actions in Japan and the U.K. Market reactions to…
Bitcoin (BTC) has been predicted to enter the $100k zone following the recent release of the Consumer Price Index (CPI) with the Producer Price Index (PPI) also expected soon. Ali…
Bitcoin crosses the $81k mark, heading to a new psychological milestone as analysts reach divided opinions on the next possible direction. A CryptoQuant analyst expects a pullback since 100% of…
The ongoing bearish run of the Bitcoin price was expected, as the asset’s total active addresses declined considerably from Q1 2024. A 10x Research report estimates that Bitcoin’s price could…
The Bitcoin price is forming a cup-and-handle chart pattern suggesting a major breakout that could trigger a rally to $110,000. US lawmakers, including presidential candidate Robert F. Kennedy Jr. and…
Paraguay has now confiscated a total of 10,000 Bitcoin mining machines in 2024, cracking down on illegal mining operations in the country. The recent raid and multiple investigations have revealed…
CEO of CryptoQuant, Ki Young Ju, believes fears of Bitcoin sell pressure due to Mt. Gox are overestimated and will not disrupt the ongoing rally. Meanwhile, futures traders’ confidence has…
Institutional Bitcoin investors have significantly increased their holdings amidst the recent price decline, acquiring over 100,000 BTC (approximately $5.7 billion) over the past week. Unlike earlier peaks driven by ETF…
Analyst Dave the Wave suggests Bitcoin could revisit the “buy zone” of his logarithmic growth curve (LGC) model, predicting a 40% drawdown to $44,000 before a potential parabolic surge to…
Bitcoin faces severe selling pressure, dropping under $53,500 as Mt. Gox begins repayments to creditors. Significant market volatility led to liquidations totaling $589 million. If Bitcoin doesn’t recover to $61,000,…
Bitcoin short-term indicators show potential bullish opportunities, the 30-day MVRV ratio remains negative, and increasing mean coin age suggests wide accumulation. Despite the $55k liquidation cluster remaining untested and current…
Recent bearish market conditions have significantly reduced bullish sentiment surrounding Bitcoin, with notable declines in positive remarks across social media platforms, potentially signaling a market bottom. Also, Bitcoin miner withdrawals…
Despite Bitcoin’s recent price drop to $63,600 and ongoing bearish conditions, the derivatives market shows strong buying interest at dips, with a notable increase in call option purchases on Deribit.…
Recent research from Glassnode highlights that the majority of BTC investors remain profitable, with over 87% of the circulating supply held in profit. Glassnode’s analysis using the market value to…