While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of…
Why Is Bitcoin Price Down Today? Key Reasons Explained Read More »
significant drop in price. September To Witness Another Bitcoin Price Drop? A crypto analyst who goes username @thedefivillian on the X (formerly Twitter) platform outlined a possible price crash coming for Bitcoin. The crypto analyst points out that the last two months have seen massive drops in price for the pioneer cryptocurrency and September will…
The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming? Read More »
As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in…
How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In Read More »
On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Reserve” here refers to an indicator that keeps track of the total…
Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low Read More »
Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’ profitability, has reached historically low levels. According to a recent analysis by Woominkyu, a CryptoQuant analyst, this significant drop in…
Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why Read More »
Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.…
Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time? Read More »
In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing. Gambardello emphasized the importance of these levels for both short-term price movements and broader market indicators. Why…
Bitcoin ‘Must Do This Now’, Says Crypto Analyst Read More »
Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses,…
Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge Read More »
As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate…
Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year Read More »
Bitcoin price action despite being wobbly in the past days, is still being discussed by analysts. Earlier today, a CryptoQuant analyst turned the spotlight to the Bitcoin’s NVT Golden Cross, a metric that has been known to signal potential local tops and bottoms in Bitcoin’s price. According to the analyst, Burak Kesmeci, this metric is…
Bitcoin’s Momentum at Risk? NVT Golden Cross Sends Warning Signals Read More »
In his latest market analysis titled “Sugar High”, BitMEX founder Arthur Hayes lists four reasons to be bullish on Bitcoin and the broader crypto market in the final quarter of 2024. Hayes opens his analysis with a metaphorical comparison of his skiing diet to the fiscal approaches of major central banks. He likens quick energy…
Bitcoin Forecast: Expert Reveals 4 Reasons To Be Bullish On Q4 Read More »
