Tag Archives: Bitcoin Break

Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next

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A cryptocurrency analyst has pointed out how Bitcoin could target $139,000 next, according to this on-chain pricing bands model. Bitcoin Has Broken Past 0.5 SD MVRV Deviation Band In a new Market Value to Realized Value (MVRV) Ratio, an indicator that compares the market cap of Bitcoin against its realized cap. The former represents the… Continue reading Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next→

Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000

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On-chain data shows the Bitcoin spot market hasn’t been left behind during the latest price rally as its volume has registered a large increase. Both Bitcoin Open Interest & Spot Volume Have Shot Up In a new Open Interest” refers to an indicator that keeps track of the total amount of derivatives positions related to… Continue reading Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000→

Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path

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On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of… Continue reading Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path→

Bitcoin Rebounds Above $97K Ahead Of CPI Release – What To Expect

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Bitcoin has kicked off the week with notable volatility, showcasing the market’s unpredictability. After a sharp 6% decline that took the price to fresh lows around $89,100, BTC staged an impressive recovery, surging 9% to reclaim the $97,000 level. This rapid rebound highlights both the resilience of Bitcoin and the cautious sentiment among investors navigating… Continue reading Bitcoin Rebounds Above $97K Ahead Of CPI Release – What To Expect→

Bitcoin Failed Attempt To Break $64,000 Could Lead To A Disaster – Analyst

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After weeks of massive volatility, Bitcoin faces heightened risk after failing to break above a key resistance level of around $64,000. Following the Federal Reserve’s decision to cut interest rates, many investors and traders anticipated a full-blown rally throughout October. However, it appears that the expected surge may not materialize just yet. Top crypto analyst… Continue reading Bitcoin Failed Attempt To Break $64,000 Could Lead To A Disaster – Analyst→

Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isn’t Safe

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On-chain data shows the Bitcoin Supply in Profit indicator has been forming a pattern recently that could put the bull run into jeopardy. Bitcoin Supply In Profit Has Seen Multiple Dips Into “Transition” Zone Recently As an analyst in a CryptoQuant Quicktake Supply in Profit” trend could suggest a potential entry into the transition zone… Continue reading Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isn’t Safe→

Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis

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On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group. Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis As explained by CryptoQuant author Axel Adler Jr in a new Realized Price” here refers to an on-chain indicator that keeps track of the average cost… Continue reading Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis→