Bitcoin – Page 41 – BitcoTasks BLOG

Is Bitcoin’s Recent ETF Inflow Surge a Setup for a Fall? What Traders Need to Know

July 24, 2024

Amid rising institutional engagement in Bitcoin, a sharp spike in exchange-traded fund (ETF) inflows over the past few days has sparked interest from traders and analysts alike. Earlier today, a noteworthy analysis from the popular trader Skew on social platform X highlighted a potential risk for Bitcoin amidst its current influx of capital. Skew pointed…

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Bitcoin Price Dips: Is This the Start of a Fresh Downside?

July 24, 2024

Btc

Bitcoin price struggled below the $68,500 resistance zone. BTC is correcting gains and might decline further below the $65,500 support zone. Bitcoin started a correction wave from the $68,500 resistance zone. The price is trading below $66,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with…

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Bitcoin Enters Final Wave 5 As World Events Signal Massive Surge

July 23, 2024

Bitcoin

Bitcoin started the new week in an uptrend, signaling a return of bullish sentiment among crypto investors. This bullish sentiment has continued to propel the price forward with $70,000 remaining the major target from here. According to one analyst, this recovery signals an entrance into the final wave, which is Wave 5, that could send…

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Mt. Gox Creditors Begin Withdrawing Owed Bitcoin And BCH Funds Via Kraken

July 23, 2024

Bitcoin News

After a decade-long wait, creditors of the now-defunct Mt. Gox Bitcoin exchange have finally begun receiving their owed Bitcoin (BTC) and Bitcoin cash (BCH) via the Kraken and Bitstamp crypto exchanges. However, this had a notable impact on the cryptocurrency market, contributing to a nearly 4% drop in the price of Bitcoin after users confirmed…

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Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis

July 23, 2024

Bitcoin News

On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group. Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis As explained by CryptoQuant author Axel Adler Jr in a new Realized Price” here refers to an on-chain indicator that keeps track of the average cost…

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Bullish on Bitcoin: Glassnode’s Latest Indicators Point to ‘Growing Optimism’

July 23, 2024

Bitcoin News

As Bitcoin approaches a decade and a half years of flawless service, it becomes increasingly difficult not to accept its technical stability. Though it may be a technical accomplishment, this strength made Bitcoin different from many centralized systems, which can suffer outages and downtimes. Just last week, the global IT outage sparked by CrowdStrike revealed…

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Bitcoin Price Consolidates: Is Another Pump on the Horizon?

July 23, 2024

Btc

Bitcoin price remained below the $68,500 resistance zone. BTC is consolidating its gains and might aim for a fresh upward move in the near term. Bitcoin started a consolidation phase below the $68,500 resistance zone. The price is trading above $66,800 and the 100 hourly Simple moving average. There is a key bullish trend line…

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Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible

July 23, 2024

Bitcoin

Crypto analyst RLinda has made a bullish case for Bitcoin, suggesting that the flagship crypto could soon hit a new all-time high (ATH). She also provided reasons why Bitcoin could rise to as high as $90,000. Why Bitcoin Could Rise To As High As $90,000 RLinda mentioned in a post on TradingView that fundamental and…

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Last Week’s Crypto Inflows Surge to $1.35 Billion: Which Digital Asset Led the Charge?

July 23, 2024

Cryptocurrency Market News

The global crypto investment market has witnessed a significant influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest data from CoinShares, digital asset investment products have seen an additional $1.35 billion in net inflows last week. This recent injection of funds has brought the total for the…

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Don’t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting

July 22, 2024

Altcoin

The crypto market is again all shades of green, with Bitcoin and Crypto analyst Capo of Crypto has provided further optimism, suggesting that these tokens will still make more massive moves to the upside. “The Best Is Yet To Come” For Bitcoin Capo of Crypto opined in an X (formerly Twitter) post that the “best…

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Here’s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It

July 22, 2024

Bitcoin

On Sunday, the Bitcoin price saw a sudden crash that sent the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash saw $2,000 wiped off the Bitcoin price in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it,…

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