Category Archives: Bitcoin News

Bitcoin Traders Closing More Positions As Prices Range Above $60,000

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Bitcoin has been trending lower after failing to break above $66,000 in early May, deflating hopes of immediate price gains post-Halving. Taking to X, one analyst shared on-chain data that paints a more nuanced picture than a simple loss of confidence in recent weeks.  Bitcoin Open Interest Remains Low: Bullish? The analyst, pointing to CryptoQuant data, observes… Continue reading Bitcoin Traders Closing More Positions As Prices Range Above $60,000→

Crypto Countdown: $2.4B In Bitcoin and Ethereum Options Set To Expire, Market Volatility Ahead?

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As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term.… Continue reading Crypto Countdown: $2.4B In Bitcoin and Ethereum Options Set To Expire, Market Volatility Ahead?→

Bitcoin Network Fundamentals Could Sustain $265,000 Price, CryptoQuant CEO Explains

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The CEO of analytics firm CryptoQuant has explained how the Bitcoin network fundamentals could support a market cap three times the current size. Bitcoin Hashrate/Market Cap Ratio Could Reveal Ceiling For Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about what the network fundamentals could reveal about… Continue reading Bitcoin Network Fundamentals Could Sustain $265,000 Price, CryptoQuant CEO Explains→

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September

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The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a “substantial price rally” in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry… Continue reading Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September→

Bitcoin To Reach Escape Velocity? Analyst Makes The Case

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An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the… Continue reading Bitcoin To Reach Escape Velocity? Analyst Makes The Case→

Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says “Hard To Be Bearish”

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Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of… Continue reading Bitcoin Relative Open Interest Lowest Since Feb, Analyst Says “Hard To Be Bearish”→

Bitcoin Price Surges Towards $61,000, Eyeing Potential Breakout To $67-$68k Range

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Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a notable resurgence in its bullish momentum, with the Bitcoin price reclaiming the crucial $61,000 threshold.  This recovery follows a week-long downtrend that led to a 20% drop to $56,000 on Wednesday. As the bullish momentum returns, the possibility of further testing upper resistance levels… Continue reading Bitcoin Price Surges Towards $61,000, Eyeing Potential Breakout To $67-$68k Range→

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

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Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in… Continue reading Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form→

Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty

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Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000. Brandt’s Bullish Bitcoin Vision Peter Brandt, synonymous with market foresight, recently outlined… Continue reading Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty→

Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”

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An analyst has pointed out how Bitcoin recently closed below a historically important on-chain level, a failure to reclaim which could spell trouble for BTC. Bitcoin Fell Below Short-Term Holder Cost Basis In Latest Crash In a new post on X, Maartunn discussed BTC’s recent close below the realized price of the short-term holders and… Continue reading Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”→