Bitcoin Price Continues Higher—Momentum Signals More Room to Run
Bitcoin price is moving higher above the $87,500 zone. BTC is gaining pace and might continue higher above the $88,800 zone in the near term. Bitcoin found support at $85,000 and started a decent upward move. The price is trading above $87,500 and the 100 hourly Simple moving average. There is a connecting bullish trend…
Bitcoin Rally Ahead? Analysts Say These Key Indicators Look Bullish
Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today,…
Bitcoin Bull Market Remains Intact Unless This Support Breaks – Analyst
Popular crypto analyst Tony Severino has shared a bold take on the current Bitcoin (BTC) market structure. The chartered market technician has stated that the Bitcoin bull market remains active unless the price falls below a specific level. Notably, Bitcoin saw a heavy correction after hitting a peak price of $109,000 in January. Over the…
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market
The Bitcoin market has shown high volatility in April, having produced similar levels of gains and losses over the past three weeks. Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains. Bitcoin Whales Add 53,600 BTC, Now Hold 68% Of Supply In an X…
Bitcoin Price Breakout In Progress—Momentum Builds Above Resistance
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line…
What’s Next For Bitcoin After Crossing $87,000? Expert Discusses Possible Outcomes
This Sunday, the market’s leading cryptocurrency, Bitcoin (BTC), has once again crossed the $87,000 mark, following what analysts describe as a healthy correction that brought prices down to $74,000 earlier this month. In a recent post on social media platform X (formerly Twitter), crypto analyst Doctor Profit provided a comprehensive analysis of the current price…
Bitcoin Dominance At Risk Of Crash To 40%, Why This Is Good For Ethereum, XRP, And Altcoins
The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a long-term resistance level that has triggered major reversals in the past. This resistance level is highlighted on the weekly BTC.D candlestick timeframe chart. Each time the dominance taps this descending trendline, it struggles to break through and eventually tumbles. Notably, Bitcoin’s dominance…
Bitcoin Faces Critical Resistance At $91,000 As Short-Term Holders Hover At Break-Even
Bitcoin prices gained by only 0.95% in the past week amidst an intense market consolidation. The premier cryptocurrency is struggling to break out of the $85,000-$86,000 price range following an impressive price rally in the second week of April. However, popular crypto analyst Ali Martinez has identified the major price resistance for the current Bitcoin…
Bitcoin Faces Triple Resistance As Price Rejection Persists
Over the past trading week, Bitcoin (BTC) failed to make any significant price breakout, experiencing rejections at the $86,000 price region. While the market suffered no major price pullback, the high level of sideways price movement indicates a strong investor uncertainty. Interestingly, popular market analyst with X username Daan Crypto has provided an insightful technical…
Bitcoin Enters Oversold Levels, Analyst Warns This Is Bearish, Not Bullish
Crypto analyst Quinten recently revealed that Bitcoin has entered oversold levels. However, analyst Dr. Cat has warned that, contrary to public opinion, this development is bearish, not bullish, for the flagship crypto. In an X post, Dr. Cat stated that Bitcoin entering oversold levels is “super-bearish” and overbought levels are “super-bullish.” He explained that for…