Tag Archives: Bitcoin news

83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000

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Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major… Continue reading 83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000→

Bitcoin Now Forming Pattern That Last Led To It Blasting Off

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On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Total Amount of Holders,” which measures, as its name suggests, the total number of… Continue reading Bitcoin Now Forming Pattern That Last Led To It Blasting Off→

Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?

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Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to… Continue reading Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?→

Bitcoin Crash: Here’s What The Data Says About Buying The Dip

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The on-chain analytics platform Santiment has provided useful insights for investors considering buying the Bitcoin dip. The platform suggested that the worst might not be over as the flagship crypto could still experience further dips from its current price range.  To Buy Or Not To Buy The Bitcoin Dip? In an X (formerly Twitter) post,… Continue reading Bitcoin Crash: Here’s What The Data Says About Buying The Dip→

If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why

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The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential… Continue reading If History Repeats, Bitcoin Price Could Crash 33% Again: Here’s Why→

German Triggers Bitcoin Crash With Rapid Selling: Here’s How Much BTC They Have Left

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The price of immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial… Continue reading German Triggers Bitcoin Crash With Rapid Selling: Here’s How Much BTC They Have Left→

Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO

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Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry… Continue reading Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO→

Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?

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On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC. Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted… Continue reading Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?→

Legendary Trader Peter Brandt Says Bitcoin Could Crash To $44,000, Here’s Why

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to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto.  Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double… Continue reading Legendary Trader Peter Brandt Says Bitcoin Could Crash To $44,000, Here’s Why→

Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows

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So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is… Continue reading Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows→