Category Archives: Bitcoin News

Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times

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An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years. Bitcoin Daily RSI Has Dipped Into The Oversold Territory In a new Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator… Continue reading Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times→

Bitcoin Price Forecast: Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead

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The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level and retesting its all-time high of $73,700, which it reached in March. With a retracement of nearly 10% over the past week, BTC is now trading just above support at the $60,000 level.  However, based on historical data, further… Continue reading Bitcoin Price Forecast: Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead→

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

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Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends… Continue reading True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares→

Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

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On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency. Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red As explained by CryptoQuant founder and CEO Ki Young Ju in a new Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between… Continue reading Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash→

Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn

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According to the latest price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value… Continue reading Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn→

Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

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Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain… Continue reading Bitcoin Slips Under $64,000: Here’s Where The Next Support Is→

Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation

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Amidst a backdrop of declining Bitcoin prices and economic uncertainty, renowned crypto analyst Willy Woo has potential gains on the horizon after some ‘inevitable’ turbulence. Bitcoin Rally Hangs On Miner Capitulation, How? Bitcoin’s current market behavior is largely influenced by its miners, whose actions can significantly impact its price. According to Willy Woo, the key… Continue reading Survival of the Fittest: Here’s How Bitcoin’s Next Rally Hangs on Miner Capitulation→

German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists

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The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market.  The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing… Continue reading German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists→

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

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Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet… Continue reading Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means→

MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

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Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an… Continue reading MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak→