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Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory

Bitcoin News

On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and…

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Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move

Bitcoin News

Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The…

Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move Read More »

Bitcoin Forms Golden Cross On 2-Month Chart, Here’s What Happened Last Time

Bitcoin

Crypto analyst Titan of Crypto has highlighted a bullish indicator on the Bitcoin chart. The analyst also revealed what happened the last time this pattern formed, suggesting that the leading crypto could enjoy a significant price rally soon enough.  Golden Cross Forms On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter)…

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Bitcoin To Hit $100K? Investors Believe US Election Won’t Affect Its Rise

Cryptocurrency Market News

No matter who wins the US presidential contest this November, the trajectory of Bitcoin seems to be set to remain strong despite growing partisan fervor. Market observers and crypto enthusiasts mostly believe that the long-term future of Bitcoin is safe. Former President Donald Trump’s pro-crypto posture inspired recent hope that is starting to wane, although…

Bitcoin To Hit $100K? Investors Believe US Election Won’t Affect Its Rise Read More »

Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?

Btc

Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,200 support zone. The price is trading above $57,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with…

Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through? Read More »

Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered

Bitcoin News

Geoff Kendrick, the Head of Crypto Research at Standard Chartered Bank, has put forth bullish predictions regarding the Bitcoin price trajectory in the event of the 2024 US presidential election.  Bitcoin Price Predictions Soar According to a CNBC report, Kendrick posits that a potential re-election of Donald Trump could propel Bitcoin to a staggering $125,000…

Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered Read More »

As Bitcoin Supply Tightens, Could A Breakout Be On The Horizon?

Bitcoin

Recent changes in the behavior of Bitcoin on the market suggest the coin could be preparing for its next significant bull run. One important consideration is the fall in Bitcoin reserves on exchanges. Less of Bitcoin is accessible for trading as owners migrate it to cold storage. Historically, this kind of decrease usually comes before…

As Bitcoin Supply Tightens, Could A Breakout Be On The Horizon? Read More »

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

Bitcoin News

A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges…

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Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC?

Bitcoin News

The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend…

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Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?

Bitcoin News

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on…

Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away? Read More »

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