Bitcoin Price Eyes $100K as Bulls Regain Momentum, Buy Dips?
Bitcoin price started a fresh increase above the $96,500 zone. BTC is rising and might aim for a move toward the $100,000 resistance. Bitcoin started a decent increase above the $96,500 resistance zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend…
Elliot Wave Theory Shows Where Bitcoin Is In This Cycle – Bull Rally Over?
Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is not yet over, with the flagship crypto set to reach new highs. Elliot Wave Theory Shows Bitcoin’s Current Position In This Cycle In an X post,…
Bitcoin Network Activity In Bear Market Zone—Warning Or Opportunity?
On-chain data shows the Bitcoin network activity has recently declined into the bear market zone. Here’s what this could mean for the asset. CryptoQuant’s Bitcoin Network Activity Index Is Flashing A Bear Market Signal As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Network Activity Index has recently been inside the…
Bitcoin Price Bounces Back After Dip—Traders Eye Next Resistance Zone
Bitcoin price started a downside correction and tested the $94,000 zone. BTC is again rising and might aim for a move toward the $98,000 resistance. Bitcoin started a decent increase above the $95,500 resistance zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a connecting…
LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000
The Bitcoin price faced a rejection following its surge to $97,000 last week. Technical expert Tony Severino has commented on this development and alluded to the LMACD indicator, which has revealed what is next for the flagship crypto. What Is Next For The Bitcoin Price After Rejection At $97,000 In an X post, Tony Severino…
Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows
On-chain data shows the cryptocurrency market as a whole has witnessed capital inflows of nearly $19 billion while Bitcoin and others have gone through their recovery. Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month In a new stablecoins. The altcoins usually only see a secondary rotation of capital from these coins. As…
Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon?
Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below $95,000 and struggling to start a fresh increase. Bitcoin started a fresh decline below the $95,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…
On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April
Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then. At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past day. While price action has slowed,…
Bitcoin Spot ETFs Score $1.81 Billion In Net Inflows As Market Revival Continues
The US Bitcoin ETFs are strongly reflecting the bullish sentiments that are ravaging the crypto market at the moment. Following an impressive performance in the third week of April marked by $3.06 billion in net inflows, these Bitcoin ETFs did well to retain investors’ interest by attracting almost $2 billion in deposits over the past…
Analyst Identifies When Bitcoin Price Will Reach Cycle Top — Here’s The Timeline
The Bitcoin price appeared to have reached its top in this current cycle, embarking on a downward trend after notching a new all-time high of $108,786 at the beginning of the year. The story seems to be changing again for the premier cryptocurrency, as it builds on recent bullish momentum and looks to reclaim the…