Tag Archives: Bitcoin news

Crypto Analyst Says The Bitcoin ‘Summer Chop’ Is Nearing Its End, Here’s Why

Posted on by — No Comments ↓

Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000… Continue reading Crypto Analyst Says The Bitcoin ‘Summer Chop’ Is Nearing Its End, Here’s Why→

$170 Million In Crypto Longs Bite The Dust As Bitcoin Plunges Under $57,000

Posted on by — No Comments ↓

Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted. Bitcoin Has Declined More Than 3% In The Last 24 Hours Bitcoin has continued its recent bearish momentum in the past day as its price has observed a further plunge, coming down to… Continue reading $170 Million In Crypto Longs Bite The Dust As Bitcoin Plunges Under $57,000→

Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed

Posted on by — No Comments ↓

The crypto market has been struggling with prolonged sideways movement in recent months. Since March 2024, the market has failed to make a successful breakout above previous peaks, leaving investors frustrated. According to a recent significant rebound. While there are some short-term factors that may provide relief, the overall sentiment in the crypto space remains… Continue reading Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed→

Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?

Posted on by — No Comments ↓

Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing… Continue reading Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?→

Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says

Posted on by — No Comments ↓

An analyst has explained how Bitcoin could witness a drop to the $40,600 level based on a pattern forming in its 2-month price chart. Bitcoin Has Seen A TD Sequential Sell Signal On Its 2-Month Price In a new Tom Demark (TD) Sequential signal that has formed in the 2-month price of Bitcoin. The TD… Continue reading Bitcoin Could Drop To $40,600 If This Happens, Crypto Analyst Says→

Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045

Posted on by — No Comments ↓

As Bitcoin gains traction within the Republican Party, notably championed by former President Donald Trump, lawmakers are increasingly positioning the cryptocurrency as a cornerstone for US economic growth.  US Senator Cynthia Lummis is at the forefront of this movement, advocating for the Bitcoin Act, which aims to establish a strategic Bitcoin reserve for the United… Continue reading Senator Lummis Claims Bitcoin Could Cut National Debt In Half By 2045→

Bitcoin Boom Over? Expert Calculates How High It Can Go In 10 Years

Posted on by — No Comments ↓

Over the past seven months, the price of Bitcoin has moved in a range between $73,777 and $49,000, significantly depressing sentiment across the market. In a new analysis published via X, Will Clemente III, co-founder of Reflexivity Research, addresses the prevailing sentiment of impatience and uncertainty among investors, sharing why he still remains bullish. Clemente’s… Continue reading Bitcoin Boom Over? Expert Calculates How High It Can Go In 10 Years→

Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000

Posted on by — No Comments ↓

A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.  Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small… Continue reading Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000→

Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024

Posted on by — No Comments ↓

A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread investor sell offs, which could precede a significant price breakout to new levels.  Comparing The Bitcoin Markets Of 2023… Continue reading Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024→

Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key

Posted on by — No Comments ↓

Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive… Continue reading Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key→