Category Archives: Bitcoin News

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

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Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.… Continue reading Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?→

Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge

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Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses,… Continue reading Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge→

Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year

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As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate… Continue reading Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year→

Bitcoin’s Momentum at Risk? NVT Golden Cross Sends Warning Signals

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Bitcoin price action despite being wobbly in the past days, is still being discussed by analysts. Earlier today, a CryptoQuant analyst turned the spotlight to the Bitcoin’s NVT Golden Cross, a metric that has been known to signal potential local tops and bottoms in Bitcoin’s price. According to the analyst, Burak Kesmeci, this metric is… Continue reading Bitcoin’s Momentum at Risk? NVT Golden Cross Sends Warning Signals→

Bitcoin’s Sudden Drop: Could This Be a Setup for a Massive Rally? Analyst Weighs In

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Bitcoin, the world’s leading cryptocurrency, has experienced a noticeable decline in its price over the past two days, dropping from a high of $63,000 to as low as $57,000. This decrease can be considered as unexpected as it surprised many. So far, crypto analysts are reassessing their outlook on Bitcoin. Despite no hope of a bullish catalyst… Continue reading Bitcoin’s Sudden Drop: Could This Be a Setup for a Massive Rally? Analyst Weighs In→

Bitcoin Plummets To $59,000, On-Chain Data Reveals Why

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Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a newExchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many… Continue reading Bitcoin Plummets To $59,000, On-Chain Data Reveals Why→

Analyst Predicts Bitcoin Will Top Out By 2025, But At What Price Target?

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Bitcoin market performance and historical patterns continue to interest analysts and investors, with many of them using this to gauge what and how the asset is likely to move in the future. According to Mags, a well-known crypto analyst, Bitcoin may follow a familiar pattern observed in previous cycles, where the cryptocurrency reaches its peak… Continue reading Analyst Predicts Bitcoin Will Top Out By 2025, But At What Price Target?→

Bitcoin’s August Candle Hints at Major Reversal—Are Bulls About to Take Over?

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As August draws to a close, Bitcoin price action has caught the attention of market analysts who believe the current monthly candle could be one of the most significant in the cryptocurrency’s history. The end-of-month price movement has sparked discussions about a potential trend reversal, particularly among those closely following technical analysis. However, while some… Continue reading Bitcoin’s August Candle Hints at Major Reversal—Are Bulls About to Take Over?→

Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls

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Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic.… Continue reading Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls→

Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon?

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Bitcoin has been experiencing a notable increase in market activity, with recent movements indicating that sellers are becoming more active. A Major Price Drop On The Horizon? According to a post by XBTManager, a contributor on the CryptoQuant QuickTake platform, Bitcoin’s price rise last week, which saw it temporarily break out of its recent range,… Continue reading Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon?→