Tag Archives: bitcoin price

Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat

Posted on by — No Comments ↓

According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of… Continue reading Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat→

Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

Posted on by — No Comments ↓

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark,… Continue reading Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support→

Bitcoin Maintains Market Dominance With $42 Million In Inflows

Posted on by — No Comments ↓

Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After… Continue reading Bitcoin Maintains Market Dominance With $42 Million In Inflows→

Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO

Posted on by — No Comments ↓

In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing… Continue reading Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO→

Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator

Posted on by — No Comments ↓

In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle… Continue reading Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator→

Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move

Posted on by — No Comments ↓

As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory According to Bitcoin maximalist Mark Cullen, the current Bitcoin price action presents a complex technical picture. He suggests that… Continue reading Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move→

Bitcoin Price Trims Gains: Is The Recovery Losing Steam?

Posted on by — No Comments ↓

Bitcoin price started a fresh decline from the $60,000 resistance zone. BTC is now moving lower and might test the $57,650 support zone. Bitcoin started a fresh decline from the $60,000 resistance zone. The price is trading below $58,800 and the 100 hourly Simple moving average. There was a break below a key bullish trend… Continue reading Bitcoin Price Trims Gains: Is The Recovery Losing Steam?→

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows

Posted on by — No Comments ↓

The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in… Continue reading Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows→

Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals

Posted on by — No Comments ↓

Following a tumultuous start to the month, the cryptocurrency market has yet to shake off the early August blues. The story has not been very much different for the price of Bitcoin, which struggled to make an impact in the past week. With BTC’s price almost 20% adrift of its all-time high of $73.737, there… Continue reading Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals→

Bitcoin Falls From $60,000 With US Transfer Of 10,000 BTC: Vital Levels To Monitor

Posted on by — No Comments ↓

On Wednesday, the crypto market experienced a wave of volatility as news broke that the US government had transferred a significant amount of Bitcoin seized from the infamous Silk Road marketplace to the Coinbase exchange. Massive Silk Road Bitcoin Influx To Coinbase According to on-chain data tracker Arkham, the US government recently moved 10,000 Bitcoin… Continue reading Bitcoin Falls From $60,000 With US Transfer Of 10,000 BTC: Vital Levels To Monitor→