Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near
Bitcoin (BTC) continues to face resistance just under the $120,000 mark, struggling to build enough momentum for a breakout. Over the past 24 hours, the cryptocurrency has remained in a tight trading range above $118,000, representing a slight decline of nearly 4% from its most recent all-time high. Despite the lack of upward movement, analysts…
$141,000 Could Be Next Key Bitcoin Resistance If Price Breaks Higher, Report Says
A new Glassnode report has revealed that $141,000 could end up being the next major resistance for Bitcoin, should its price break convincingly higher. Bitcoin Is Currently Trading Between These Two STH Pricing Bands In its latest weekly report, the on-chain analytics firm Short-Term Holder (STH) Cost Basis and some pricing bands derived from it.…
Bitcoin’s Calm Before the Storm? Binance Data Points to Big Shift Ahead
Bitcoin (BTC) continues to trade within a narrow price range, showing limited upward movement over the past week. At the time of writing, the leading cryptocurrency is priced around $117,719, representing a 1% decline in the past 24 hours and a 4.2% drop from its recent all-time high above $123,000. Amid this price performance, a…
Bitcoin Price Sets Sights on a New Climb – Momentum Building Again
Bitcoin price is still above the $117,500 support zone. BTC is rising and might attempt to clear the $118,600 resistance zone to gain bullish momentum. Bitcoin started a decent upward move from the $116,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There is a bearish trend line forming…
Bitcoin Overheating Signals Easing – Is A Second-Half Rally Ahead?
Following another rejection at the $120,000 level, Bitcoin (BTC) is beginning to show signs of cooling off – potentially setting the stage for another rally in the second half of the year. Some analysts now predict that BTC’s next top could approach $150,000. Bitcoin’s Current Overheating Phase Short-Lived According to a CryptoQuant Quicktake post by…
Bitcoin’s Next Big Move? Cooling Futures Market Hints at Possible Breakout
Bitcoin (BTC) remains within a tight trading range following a recent pullback from its all-time high. At the time of writing, the world’s largest cryptocurrency is priced at $118,570, reflecting a 0.3% increase over the past 24 hours. Recent analysis shared on CryptoQuant’s QuickTake platform by market contributor ShayanMarkets highlights a noticeable change in Bitcoin’s…
Rakbank Introduces AED-Based Crypto Trading for UAE Clients
Rakbank, officially known as the National Bank of Ras Al Khaimah, has set a notable precedent in the UAE by becoming the first conventional bank in the country to offer crypto trading services to retail customers. This move highlights a significant shift in the banking sector within the region, reflecting the increasing integration of cryptocurrencies…
Bitcoin Price Holds Steady – Range-Bound Action Dominates Price Chart
Bitcoin price is still holding the $117,250 support zone. BTC is consolidating and might attempt to clear the $118,600 resistance zone to gain bullish momentum. Bitcoin started a downside correction from the $120,000 zone. The price is trading below $118,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with…
Bitcoin Buying Spree Ends On Coinbase: Temporary Pause Or Trend Shift?
Data shows the Bitcoin Coinbase Premium Gap recently broke its longest ever streak of positive values. Here’s what this could mean for the market. Bitcoin Coinbase Premium Gap Turned Negative Recently In a new Coinbase Premium Gap” refers to an indicator that keeps track of the difference between the BTC price listed on Coinbase (USD…
Analyst Says Bitcoin’s Final Leg Is Near – Time To Be ‘Cautiously Optimistic’?
As Bitcoin (BTC) continues to trade within its local range, the cryptocurrency eyes a trend continuation, aiming to go on uncharted territory again. Despite the bullish setup, an analyst suggests that investors start to become more cautious as the weeks progress. Bitcoin Bull Flag To Determine Next Move Since the early July breakout, Bitcoin has…