Tag Archives: bitcoin analysis

Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside

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Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend.  Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders… Continue reading Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside→

Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target

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Bitcoin has seen a significant price movement today, reaching a high of $67,803, breaking above a descending falling wedge pattern on the daily chart. While this breakout has captured attention, Bitcoin is yet to close a daily candle above this resistance, which would confirm the breakout as successful. Regardless, this development has sparked fresh analyses… Continue reading Bitcoin Finally Breaks Above Falling Wedge Pattern—Here’s The Next Target→

Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels

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Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance levels after… Continue reading Bitcoin’s Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels→

Bitcoin Reclaims $62k: Analysts Explain Why The Bull Cycle Is Far From Over

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The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to a recent analysis by CryptoQuant analyst Crypto Dan, the current market is still amid a bull cycle, with promising long-term prospects for Bitcoin holders. While the market has faced some short-term turbulence, key… Continue reading Bitcoin Reclaims $62k: Analysts Explain Why The Bull Cycle Is Far From Over→

Bitcoin’s Next Move? Veteran Trader Predicts Possible 75% Crash—Here’s Why

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Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could… Continue reading Bitcoin’s Next Move? Veteran Trader Predicts Possible 75% Crash—Here’s Why→

Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?

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After briefly rising above $63,000 in recent days, renewing investor’s hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final… Continue reading Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?→

Critical Moment For Bitcoin: Analyst Reveals Key Psychological Turning Point

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The recent Bitcoin price action appears to have caught the attention of market analysts, with a particular focus on its positioning between key psychological levels. A CryptoQuant analyst under the pseudonym “datascope” recently posted on the CryptoQuant QuickTake platform, providing an in-depth analysis of Bitcoin’s current price movements. The analyst highlighted that Bitcoin is at… Continue reading Critical Moment For Bitcoin: Analyst Reveals Key Psychological Turning Point→

Short-Term Bitcoin Holders Panic Sell: Here’s Why It Might Be Great News For BTC

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Amid the Bitcoin gradual recovery in price, the asset seems to have been experiencing an interesting market trend lately, suggesting a shift in its supply distribution. According to a CryptoQuant analyst, who goes by the pseudonym ‘IT Tech,’ BTC’s recent price fluctuations have led to short-term holders (STHs), labeled as “weak hands,” exiting the market,… Continue reading Short-Term Bitcoin Holders Panic Sell: Here’s Why It Might Be Great News For BTC→

Bitcoin’s Puell Multiple Signals A Bullish Surge: Could A New ATH Be Near?

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While Bitcoin has been unable to break past the $70,000 price mark for over 2 months now, the asset has made efforts to remain above the $60,000 mark. Amid this maintenance above the $60,000 price level, analysts have continued to speculate on BTC’s future trajectory especially when the asset would make the play out of… Continue reading Bitcoin’s Puell Multiple Signals A Bullish Surge: Could A New ATH Be Near?→

Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here

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A CryptoQuant analyst known as “caueconomy” recently published a post indicating that Bitcoin (BTC) may have reached a local bottom. The analyst points to a significant liquidation event as a key sign that a short-term recovery could be on the horizon. Although caueconomy acknowledged that Bitcoin has been going through a period marked by bearish… Continue reading Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here→