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Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24. Should Bitcoin Traders Brace For More Losses? In light of this, one analyst on X thinks there could be more… Continue reading Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why
In an analysis provided by CryptoQuant, a significant change in Bitcoin miner behavior has been noted, potentially indicating a turning point. CryptoQuant analyst, known as Crypto Dan, outlined a reduction in miners’ selling pressure, which has historically been a pivotal factor affecting Bitcoin’s price trajectory. Bitcoin Mining Selling Pressure Decreases According to Crypto Dan, “Miners’… Continue reading Bitcoin Miner Selling Cools Off – Is This The Breakout Moment?
In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset manager’s Bitcoin ETF, iShares Bitcoin Trust, as of April 30. This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in… Continue reading BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares
Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response… Continue reading Bitcoin Bulls Beware: ‘Bears Are Still In Control,’ Says Top Analyst – Here’s Why
On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued… Continue reading Retail Losing Interest In Bitcoin? Volume Plunges 30%
Bitcoin is struggling to shake off weakness, judging by its performance in the last few trading days. After the dump on June 24, the overall sentiment has been bearish, and sellers will likely double down, wiping gains posted in the last two days. As things stand, the sale of 4,000 BTC by the United States… Continue reading Bitcoin Battling Bearish Headwinds: Is The Sell-Off Over?
The Bitcoin price is in a decline once more, after seeing some recovery on Wednesday due to the turnaround in the Spot Bitcoin ETFs net flows. However, just one day later, it seems the pioneer cryptocurrency has resumed the downtrend and this decline after the recovery has begun a worrying trend. So, what are the… Continue reading Why Is The Bitcoin Price Down Today?
Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its… Continue reading Fears Of Bitcoin Sales By US And German Govts Are FUD, Even Bullish: Experts
On-chain data shows Bitcoin is trading near a level that has historically acted as the boundary for the ‘euphoria’ phase of the market. Bitcoin Is Not Far From This Long-Term Holder Cost Basis Level According to the latest weekly report from Glassnode, BTC’s recent consolidation has been near the historical boundary between the ‘equilibrium’ and… Continue reading Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?
In a recent surge of online discussion, renowned crypto analyst and entrepreneur Willy Woo has made headlines with his optimistic prediction for Bitcoin’s future on Elon Musk’s social media platform, X. Woo suggests that Bitcoin, already gaining traction among traditional financial circles as an emerging asset class, could see exponential growth. He argued that if… Continue reading Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How