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 »
Bitcoin price gained over 10% and broke the $64,000 resistance level. BTC is showing positive signs and might attempt to move above the $65,000 level. Bitcoin gained bullish momentum above the $63,500 resistance zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a major bullish trend line forming…
Bitcoin Price Picks Up Pace: Can It Break Above $65K? 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,…
Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1…
1,000 Bitcoin On The Move: Satoshi-Era Whale Stirs The Crypto Waters Read More »
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 »
Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with…
Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher? Read More »
Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Despite this considerable selloff, Bitcoin…
Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government? Read More »
The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a…
Bitcoin Price To Return Above $63,000? Here’s What Needs To Happen Read More »
The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather momentum for a full-price rebound. Interestingly, the on-chain analysis…
Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details 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 »
