Category Archives: Bitcoin News

Bitcoin Eyes MId-$80,000s As Peter Brandt Flags ‘Horn’ Pattern

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Veteran trader Peter Brandt sparked a fresh round of chart debate around Bitcoin after posting a chart and writing, “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.” For market participants used to Brandt’s shorthand, the message pointed to a possible shift in how he is… Continue reading Bitcoin Eyes MId-$80,000s As Peter Brandt Flags ‘Horn’ Pattern→

Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait

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Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual position for a company that has built its entire identity around the cryptocurrency’s rise. A Streak That Keeps Going The Virginia-based firm added 17,994 BTC to its reserves last week, paying roughly $1.28 billion at an average of $70,946 per… Continue reading Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait→

Bitcoin Miners’ AI Shift May Create New Overhang, Lekker Capital CIO Warns

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Lekker Capital CIO Quinn Thompson argues on X that collapsing mining economics, combined with a growing shift by public miners toward AI and high-performance compute, could turn corporate BTC treasuries into a fresh source of market supply. “A large underappreciated headwind for Bitcoin is the disaster that which is mining economics. The only way this… Continue reading Bitcoin Miners’ AI Shift May Create New Overhang, Lekker Capital CIO Warns→

Bitcoin Fails To Break $74,000 Resistance: Analyst Predicts ‘Structural Bottom’ Yet to Form

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Bitcoin (BTC) made a notable recovery on Friday, witnessing a 4% surge that led the leading cryptocurrency to retest the critical $74,000 resistance level, which has remained unbroken for the past month.  However, even with this upward movement, the cryptocurrency has retraced to approximately $72,215, establishing itself at the upper boundary of its ongoing consolidation… Continue reading Bitcoin Fails To Break $74,000 Resistance: Analyst Predicts ‘Structural Bottom’ Yet to Form→

Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows

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On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation band form during the recent consolidation range. Bitcoin STH CBD Shows Accumulation Remains Thin In a new Cost Basis Distribution (CBD) of the short-term holders. The CBD here refers to an indicator that tells us about the amount of supply… Continue reading Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows→

Bitcoin Recovery Requires STH Profitability Above 50%: Glassnode

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On-chain analytics firm Glassnode has explained how a flip in Bitcoin short-term holder profitability could act as a precondition for a sustained price recovery. Bitcoin STH Supply In Profit Is Currently Under 50% In a new Supply in Profit metric for the Bitcoin short-term holders (STHs). The Supply in Profit measures, as its name suggests,… Continue reading Bitcoin Recovery Requires STH Profitability Above 50%: Glassnode→

Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance

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Despite trading more than 40% below its all-time high, with $70,000 serving as a short-term support level, Bitcoin (BTC) may be poised for a repeat pattern that could lead to a 54% increase following this year’s US midterm elections.  New research from cryptocurrency exchange Binance suggests that, historically, the aftermath of midterm elections has been… Continue reading Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance→

Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment

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On-chain analytics firm Santiment has highlighted how the average Bitcoin returns of the buyers from the past year are looking similar to late 2022. 365-Day Bitcoin MVRV Ratio Has Plunged Recently In a new Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the market cap of the asset and… Continue reading Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment→

Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns

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Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could still fall back toward and potentially below the $10,000 area, arguing that crypto remains trapped in a broader macro unwind tied to deflationary pressure, overstretched risk assets and what he described as excess across the digital-asset complex. Speaking in an reiterated a call he first… Continue reading Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns→

Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come

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Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as “the most frustrating phase in the cycle.”  According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear… Continue reading Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come→