Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over?
Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market…
When Will Bitcoin Bottom Out? This Could Be The Signal To Watch
On-chain analytics firm Glassnode has revealed how the Bitcoin price often forms local bottoms when this holder group shows capitulation. Bitcoin STHs Are Currently Participating In Mild Loss Realization In a new post on X, Glassnode has talked about how short-term price action is often dictated by the top buyers’ reaction to post-ATH drawdowns. As…
This Bitcoin Volume Signal Nailed The Top & Bottom: Analytics Firm
On-chain analytics firm Santiment has revealed how the two largest spikes in trading volume coincided with recent buying and selling windows for Bitcoin. Trading Volume May Signal Tops & Bottoms For Bitcoin In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here…
Has Bitcoin’s Bull Run Really Ended? Here’s What MVRV Data Suggests
Bitcoin continues to retrace from its record highs, with the asset trading below $115,000 at the time of writing. Current price levels place Bitcoin near $113,098, a decline of around 6.5% over the past week and close to 9% below its all-time peak. Despite the downturn, analysts monitoring on-chain data suggest the broader market cycle…
Bitcoin Price Stays in Red, Can Bulls Regain Lost Ground Soon?
Bitcoin price is attempting to recover from $112,000. BTC is back above $113,200 but faces many hurdles on the way up to $118,000. Bitcoin started a recovery wave above the $112,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market
Bitcoin (BTC) recently surged to a new all-time high, surpassing $124,000, only to experience a subsequent drop of 9%. This volatility has sparked widespread speculation about the current state of the bull market, the potential for an ongoing “alt season,” and whether Bitcoin has reached its peak. In light of the current price action, market…
More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake…
Bitcoin Price Faces Heavy Obstacles on Its Recovery Journey
Bitcoin price is attempting to recover from $112,500. BTC is back above $114,000 but faces many hurdles on the way up to $120,000. Bitcoin started a recovery wave above the $113,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
Bitcoin Slides Below $115,000 While Spot Volume Surges Past $6 Billion – Recovery Ahead?
Bitcoin (BTC) fell to $114,386 earlier today, triggering nearly $300 million in liquidations over the past 24 hours as investor confidence in the asset remains shaky. Still, rising spot trading volumes offer a glimmer of hope that BTC may now be entering an accumulation phase. Is Bitcoin In The Accumulation Phase? According to a CryptoQuant…
Bitcoin Short-Term Holders Flip To Losses For First Time Since January
Bitcoin is under pressure after struggling for several days to hold above the $120,000 mark, and now the $115,000 level has become the key battleground. The latest price action shows increased volatility as momentum shifts toward the bears, raising concerns about whether BTC can sustain its consolidation range or risk breaking lower. Despite reaching new…