Category Archives: Bitcoin News

Bitcoin Now Forming Pattern That Last Led To It Blasting Off

Posted on by — No Comments ↓

On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Total Amount of Holders,” which measures, as its name suggests, the total number of… Continue reading Bitcoin Now Forming Pattern That Last Led To It Blasting Off→

Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?

Posted on by — No Comments ↓

Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to… Continue reading Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?→

Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO

Posted on by — No Comments ↓

Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry… Continue reading Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO→

Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?

Posted on by — No Comments ↓

On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC. Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted… Continue reading Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?→

Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows

Posted on by — No Comments ↓

So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is… Continue reading Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows→

Bitcoin Analyst Thinks Prices Must First Breach $50,000 Before Rallying

Posted on by — No Comments ↓

Bitcoin flash crashed on July 4 and 5, extending losses from all-time highs to about 30%. Though there was a relief bounce over the weekend, forcing the world’s most valuable coin up by nearly 11%, BTC remains within a bearish formation. Bitcoin Correction Not Over: Will Bears Break $50,000? One analyst who took to X… Continue reading Bitcoin Analyst Thinks Prices Must First Breach $50,000 Before Rallying→

Bitcoin ‘Extreme Greed’ Is Almost Here: Price Bottom Now Close?

Posted on by — No Comments ↓

Data shows the Bitcoin sentiment is close to entering into the extreme greed zone. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Fear & Greed Index Has Continued To Decline Recently The “Fear & Greed Index” is an indicator developed by Alternative that tells us about the average sentiment that traders in the… Continue reading Bitcoin ‘Extreme Greed’ Is Almost Here: Price Bottom Now Close?→

Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown

Posted on by — No Comments ↓

The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level.  Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted… Continue reading Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown→

Bitcoin Reclaims $56k But Still Faces Potential Drop to $47K, Analyst Reveals Why

Posted on by — No Comments ↓

Bitcoin has recently exhibited resilience that has surprised many market spectators. Following a dismal drop to a 24-hour low of $53,898, Bitcoin clawed its way back above the $56,000 mark, up 1.6% in the past hour. This rebound has been catalyzed by the latest US NFP potential further declines. Analyst Bitcoin Predictions: A Potential Drop… Continue reading Bitcoin Reclaims $56k But Still Faces Potential Drop to $47K, Analyst Reveals Why→

Bitcoin Crashed Below $55,000 But Traders Are Not Fearful, Why?

Posted on by — No Comments ↓

As Bitcoin faces strong headwinds, breaching two critical support levels at $60,000 and $56,500 in quick succession, it may, on the surface, appear that fear is gripping the market. There are reasons to be afraid, especially for coin holders leveraging BTC in decentralized finance (DeFi) protocols, looking to take out loans using the asset as… Continue reading Bitcoin Crashed Below $55,000 But Traders Are Not Fearful, Why?→