Tag Archives: Bitcoin news

More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap

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After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours,… Continue reading More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap→

Imminent Death Cross Formation Emerges For Bitcoin – Time to Sell or Hold?

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Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross Formation.” This formation comes against Bitcoin’s recent significant dip on Monday when the asset lost thousands… Continue reading Imminent Death Cross Formation Emerges For Bitcoin – Time to Sell or Hold?→

Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation

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Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain… Continue reading Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation→

MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion

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In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the… Continue reading MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion→

Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed?

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Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake funding rate” refers to a metric that keeps track of the… Continue reading Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed?→

Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?

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Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again.  Bitcoin… Continue reading Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?→

Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’

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In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris… Continue reading Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’→

Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says

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After Monday’s market crash, concerns about the stability of Bitcoin’s bull run have emerged. Yet, Ki Young Ju, founder and CEO of CryptoQuant, a leading blockchain analytics firm, maintains a positive outlook. He suggests that, despite the recent crash, on-chain data continues to support the notion that the bull market for Bitcoin remains intact. Bitcoin… Continue reading Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says→

$0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows

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Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red Monday,’ Eric Balchunas, a Bloomberg Senior exchange-traded fund (ETF) analyst, revealed in a post uploaded earlier today that investors of… Continue reading $0 Flows: BlackRock Unshaken Despite Recent Bitcoin Market Crash, Data Shows→

Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown

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Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a concerning pattern has emerged on its 10-day chart.  Analysts… Continue reading Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown→