Category Archives: Bitcoin News

Bitcoin Correlation With Gold Now At Highest Level Since March

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Data shows Bitcoin has been becoming increasingly correlated with Gold, a potential sign that the digital Gold narrative is making a return. Bitcoin Correlation With Gold Has Risen To 0.75 Recently In a new Gold. The “Correlation” here is a metric that tracks how closely related the prices of two given assets are. In the current… Continue reading Bitcoin Correlation With Gold Now At Highest Level Since March→

Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?

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Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as long as prices stay above the support zone at around $58,000 and $60,000. Bitcoin… Continue reading Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?→

Bitcoin Could Top At $400,000 Based On This Model, Analyst Says

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An analyst has explained how the next Bitcoin top could be situated around $400,000, if this model for the asset’s price continues to hold. Bitcoin Long-Term Power Law Could Reveal Possible Location Of Next Top In a new post on X, analyst Ali Martinez has talked about what the Long-Term Power Law could say about… Continue reading Bitcoin Could Top At $400,000 Based On This Model, Analyst Says→

Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?

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Recently, a significant movement of older Bitcoin holdings has been observed on the network, sparking discussions about potential selling pressure in the market. This activity, as shown in data by the on-chain analytics platform CryptoQuant, has led to analysts advising “extreme caution” in the face of this development. Old Bitcoin On The Move: A Signal for Caution?… Continue reading Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?→

Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?

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The Bitcoin Puell Multiple, a key on-chain metric used to assess the profitability of Bitcoin miners, is currently signaling a potential bullish reversal for the leading cryptocurrency. According to a CryptoQuant analyst under the pseudonym Darkfost, this metric has recently dipped into the “green zone,” a signal historically associated with upward price movements for Bitcoin.… Continue reading Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?→

BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption

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Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.  As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing… Continue reading BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption→

Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph?

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On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently making a retest that could prove significant for BTC’s price. Bitcoin STH MVRV Ratio Is Retesting Its 155-Day MA Right Now As explained by on-chain analyst Checkmate in a new post on X, the short-term holder MVRV… Continue reading Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph?→

Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up

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The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known as Percival. Percival insights shared earlier today on the QuickTake platform detailed the current state of Bitcoin leverage and the potential… Continue reading Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up→

Bitcoin Set for Major Bull Run? These 3 On-Chain Metrics Signal A Turning Point

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Recent data from CryptoQuant has revealed that Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics. Particularly, according to a CryptoQuant analyst under the pseudonym Darkfost, several indicators are reaching crucial support levels, signaling a “potential long-term bullish shift.” These metrics suggest that Bitcoin’s price could experience substantial growth… Continue reading Bitcoin Set for Major Bull Run? These 3 On-Chain Metrics Signal A Turning Point→

Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex

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Bitcoin (BTC), the world’s largest cryptocurrency, has rallied over 22% in the past two weeks to trade at around $63,200, following a significant drop to $52,000 on September 6. This is the highest level BTC has reached in almost two months. Critical Resistance At $65,200 Looms According to a recent decision to cut interest rates,… Continue reading Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex→