btcusd – Page 15 – BitcoTasks BLOG

Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000

August 11, 2024

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a rise to $62,000 brought about the Death Cross, which now threatens lower prices for…

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Bitcoin Set For Critical Price Resistance Encounter – Analyst

August 10, 2024

Bitcoin

The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in the global financial markets, losing over 16% of its market value, due to fears…

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Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession

August 10, 2024

Bitcoin News

The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale…

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Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000

August 10, 2024

Bitcoin News

On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake Realized Price” here refers to an indicator that…

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XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric

August 9, 2024

Xrp

The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP. As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s…

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Bitcoin Nears $60,000 As Putin Signs Law Legalizing Crypto Mining In Russia

August 9, 2024

Bitcoin News

In a significant boost for the largest cryptocurrency on the market, Bitcoin (BTC) has surged nearly 9% in the last 24 hours, inching closer to the coveted $60,000 milestone. This price rally comes after BTC hit a 7-month low of $49,000 earlier this week amid broader market uncertainty. Fueling this crypto resurgence is a significant…

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Bitcoin NVT Golden Cross Gives Bottom Signal: What Happened Last 2 Times

August 9, 2024

Bitcoin News

On-chain data shows that the Bitcoin Network Value to Transactions (NVT) Golden Cross has dipped into the bottom region, which may be bullish for the asset’s price. Bitcoin NVT Golden Cross Has Seen A Sharp Decline Recently As an analyst in a CryptoQuant Quicktake NVT ratio” is an on-chain metric that keeps track of the ratio between…

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Bitcoin Price Reclaims $60K: Is The Rally Resuming?

August 9, 2024

Btc

Bitcoin price gained pace for a move above $58,000 and $60,000. BTC is up over 10% and is signaling more upsides in the near term. Bitcoin started a decent increase above the $56,500 and $58,250 levels. The price is trading above $60,000 and the 100 hourly Simple moving average. There is a connecting bullish trend…

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Mirroring The Crash: Can Bitcoin Rise As Fast As It Fell?

August 9, 2024

Bitcoin

A crypto analyst has maintained a bullish outlook on Bitcoin (BTC), the world’s largest cryptocurrency, predicting massive rallies in the future. The analyst projects that Bitcoin could rise as fast as it fell, mirroring the speed of its crash as it regains all the value shed during its decline. Bitcoin Set For Rapid Recovery In…

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CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level

August 8, 2024

Bitcoin

Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered. However, over the long term, analysts still expect that the Bitcoin price will still rebound from here. One of those who believe that the BTC price will…

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Dormant Bitcoin Giant Awakens: $14 Million BTC Transfer From Satoshi Era

August 8, 2024

Cryptocurrency Market News

As long-dormant Bitcoin wallets have unexpectedly sprung back to life and have transferred millions of dollars worth of BTC, the bitcoin realm has been humming with activity. The crypto community has been interested in these movements as they raise issues about the possible influence on the market. Mined only one year after the launch of…

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