Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 level last week to trading as high as above $66,000 in the early hours of Wednesday before now retracing to a current trading price of $64,433. This bullish price performance has been the…
Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze Read More »
his bullish stance and mentioned when exactly the flagship crypto will hit this unprecedented price target. When Bitcoin Will Rise To $1 Million Mow previously explained why he believes that BTC can reach such an ambitious price target. Back then, he alluded to the fact that Bitcoin’s demand was outpacing its supply. He also highlighted…
Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here’s When Read More »
As the 2024 presidential race heats up, a new debate has emerged regarding Silicon Valley’s recent support for former President Donald Trump’s comeback bid for the White House. According to billionaire investor Mark Cuban, this support may have less to do with Trump’s pro-crypto regulatory stance and more with a calculated play to “pump” the…
Silicon Valley Using Trump For A Bitcoin Pump Play? Mark Cuban Weighs In Read More »
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently at a level that could suggest BTC to be underpriced. Bitcoin NVT Golden Cross Has Been Inside Oversold Region Recently As explained by an analyst in a CryptoQuant Quicktake NVT ratio” is an indicator that keeps track of the ratio between…
Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold Read More »
In their latest analysis, Ark Invest’s crypto specialists Julian Falcioni, David Puell, and Dan White, are presenting a review of the Bitcoin market behavior and prospects, delineating the interplay of various economic, technical, and policy-driven factors that could shape the future of this pioneering digital currency. Bitcoin Validates The Bullish Scenario Since early June, Bitcoin…
Ark Invest’s Bitcoin Report: Why They Bet Big On BTC’s Recovery Read More »
Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period. According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting…
According to the trend in an on-chain indicator, an analyst has explained how Bitcoin may still need to reach the top of the current bull cycle. Bitcoin aSOPR Hasn’t Yet Reached Levels Associated With Past Cycle Tops As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR)…
Bitcoin Hasn’t Reached Bull Cycle Top Yet, Quant Explains Why Read More »
Data shows the cryptocurrency derivatives market has registered significant liquidations after the Bitcoin rally above the $63,000 mark. Bitcoin Rally Has Resulted In Short Liquidations On Derivatives Market According to data from Liquidation” here naturally refers to the process that any open contract undergoes where its platform forcibly closes it off after it has amassed…
Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000 Read More »
American multinational finance company, JP Morgan has maintained a bullish stance on the Bitcoin price outlook despite recent bearish trends. The bank has announced the timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market. JP Morgan Predicts Bitcoin Market Rebound In August In a research report on Wednesday,…
After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two weeks. The rally can be attributed to several factors that collectively propelled the premier’s cryptocurrency’s…
Bitcoin Price Surges Past $63,000: The Key Reasons Read More »
Jamie Coutts, the chief crypto analyst at Real Vision, has highlighted an indicator that paints a bullish picture for Bitcoin (BTC). Based on this indicator, the crypto analyst suggested that a reversal might already be on the horizon for the flagship crypto. Bitcoin Hashrate Decline Is Slowing Coutts mentioned in an X (formerly Twitter) post…
Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible? Read More »
