Bitcoin is nearing a critical breakout point at $63,800, supported by key exponential moving averages (EMAs), signaling strong bullish momentum. October has historically been a favorable month for Bitcoin, with…
Browsing: BTC Price Bounce Back
Bitcoin jumps above $57,000, boosted by Bank of Japan Governor Shinichi Uchida’s statement about potentially pausing rate hikes if global market instability increases. Economist Peter Schiff criticized the Bank of…
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…
Crypto market analysts attribute the price decline more to Bitcoin miner capitulation than the Mt. Gox news. The BTC price has recovered back to $61,500. Bitcoin miners are now financially…
Analyst Rekt Capital identifies Bitcoin’s position in the final stage of the halving retrace, indicating an imminent uptrend resumption. The cryptocurrency’s current re-accumulation phase and whale accumulation activities further bolster…
Grayscale’s Zach Pandl emphasizes that Bitcoin’s role as a store of value will endure amid persistent inflation and government overspending fueled by upcoming Bitcoin halving. Despite short-term challenges posed by…
The Bitcoin funding rates have reached a record-high level last seen during the bull run of April 2021, signaling caution for any rally ahead. On-chain analysis shows that despite widespread profit-taking…
Bitcoin’s attempt to breach the critical $53,000 mark faced strong resistance, indicating a phase of consolidation before any significant breakthrough. Glassnode data reveals a diminishing supply of Bitcoin held at…
Bitcoin’s resurgence to $52,500 marks a significant milestone, with its market cap surpassing $1 trillion, overtaking major companies like Tesla and Walmart. Spot Bitcoin ETFs witness unprecedented inflows, with 43,300…
Bitcoin ETF inflows have surged past $600 million, with BlackRock’s IBIT emerging as the leader in single-day inflows, attracting $493 million. Following a slight downturn prompted by higher-than-expected CPI inflation…
Bitcoin ETF funds now hold over 192,000 BTC, surpassing the holdings of MicroStrategy. BlackRock and Fidelity dominate inflows. The Bitcoin price rallied to a one-month high, propelled by steady inflows…
The analyst believes that Bitcoin will leave behind the fear of Omicron spread as investors begin to focus on larger issues of inflation. Thus, large investors will continue to pour…