Bitcoin Rebound Signals Healthier Bull Market Without Overheating, Analyst Says
Unlike previous market rallies, the latest rebound in Bitcoin (BTC) – pushing it from a potential cycle low of $74,508 on April 6 to slightly above $100,000 at the time of writing – is characterized by healthier price movement. Current Bitcoin Rally Not Showing Signs Of Overheating According to a recent CryptoQuant Quicktakes post by…
Bitcoin Price Breakout Looms: Charts Signal Run Toward New ATH
Bitcoin price started a fresh increase and cleared the $106,000 zone. BTC is now rising and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $102,000 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with…
Bitcoin At $103,000 Relatively Cool Per This Indicator, Quant Says
A quant has pointed out how the Mayer Multiple could suggest Bitcoin is still not overheated at $103,000 when compared to past trend. Bitcoin Mayer Multiple Z-Score Is Still Under Its Mean In a Mayer Multiple” here refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day…
Bitcoin Bulls Face Make-Or-Break Moment At $106,500 Resistance – Details
Popular digital asset analyst with X handle Crypto Patel has stated that Bitcoin is currently retesting a crucial price resistance at the $106,500 price region. Based on the asset’s performance at this level, BTC investors could expect a bullish price continuation or a significant price pullback. After a brief rise above $105,000 on May 12,…
On-Chain Data Tips Bitcoin To Peak At $120,000 – But On This Condition
Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490. While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency…
Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why
The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the cryptocurrency market at the moment. After a dour performance during the week, the premier cryptocurrency has continued to trade within the $92,000 – $95,000 range on Saturday, May 17. With the choppy price action, doubt…
Bitcoin Price Inches Toward All-Time High — Can Momentum Finish the Job?
Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with…
Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform
Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts,…
Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?
Following the return above $100,000 in the previous week, Bitcoin has fought well to maintain its hold above the six-figure mark in recent days. While the flagship cryptocurrency retains its six-figure valuation, there’s still some momentum lacking in its price action, as spotlighted by last week’s performance. According to recent analysis, the sluggishness and apparent…
Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum
The price of Bitcoin has been on quite the run since mid-April, finding its way from beneath the $85,000 mark to as high as $104,700 over the past month. The largest cryptocurrency market enjoyed a positive shift in investor sentiment and a fresh influx of capital, especially through the BTC exchange-traded funds (ETFs). Interestingly, the…