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$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level

Bitcoin News

Bitcoin bulls may soon be back in business. According to Willy Woo, an on-chain analyst, market data shows that urgent “market sells” responsible for forcing the coin from all-time highs are now falling. This development may prop up prices, preventing further sell-offs. Bitcoin Selling Pressure Easing This preview is due to falling Cumulative Volume Delta (CVD)…

$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level Read More »

CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish

Bitcoin

The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down by 2.96% and 6.14% in the past 24 hours and seven days, respectively. …

CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish Read More »

Legendary Trader Predicts When Bitcoin’s Bull Run Will End

Bitcoin

In a recent analysis, veteran trader Peter Brandt delved into the price behavior of Bitcoin, suggesting that the cryptocurrency might have reached its peak for the current cycle. According to Brandt, Bitcoin is exhibiting signs of “Exponential Decay,” indicating a weakening in the momentum of its bull market cycles over the years. “Does history make…

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Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing

Bitcoin

Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has…

Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing Read More »

Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

Bitcoin News

While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap.  Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales…

Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy? Read More »

Crypto Analyst Predicts Massive Move For Bitcoin, What’s The Target?

Bitcoin

Despite BTC’s recent unimpressive price action, crypto analyst Doctor Profit has shared his bullish sentiment for Bitcoin and the broader crypto market. The analyst further suggested that a parabolic move was imminent and that crypto investors should position themselves accordingly.  Crypto Market Preparing For A “Third Industrial Revolution” Doctor Profit mentioned in an X (formerly…

Crypto Analyst Predicts Massive Move For Bitcoin, What’s The Target? Read More »

Spot Bitcoin ETFs Rocked By Outflows, BTC Price Succumbs To Bears

Bitcoin

The Spot Bitcoin ETFs have seen their demand drop since the start of this month, and this was again evident in the considerable outflows recorded on April 26. This poor run has had far-reaching effects on the broader crypto market as Bitcoin’s price has succumbed to unfavorable market conditions.  Spot Bitcoin ETFS Record $217 Million…

Spot Bitcoin ETFs Rocked By Outflows, BTC Price Succumbs To Bears Read More »

Bitcoin Bears Risk Losing $7.2 Billion If BTC Price Reaches This Level

Bitcoin

The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price…

Bitcoin Bears Risk Losing $7.2 Billion If BTC Price Reaches This Level Read More »

Renowned Economist Reveals What Will Happen If Bitcoin Can’t Hold $60,000

Bitcoin

Chief economist and Bitcoin critic, somber prediction regarding the world’s largest cryptocurrency, Bitcoin. The financial expert has cautioned investors of the potential repercussions should BTC drop below critical resistance levels. Economist Predicts Bitcoin Price Decline In a recent X (formerly Twitter) post, Schiff support levels around $60,000. The economist has argued that Bitcoin’s current price…

Renowned Economist Reveals What Will Happen If Bitcoin Can’t Hold $60,000 Read More »

Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?

Bitcoin News

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.  More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has…

Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000? Read More »

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?

Bitcoin News

In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on…

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming? Read More »

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