Tag Archives: bitcoin price

Bitcoin Miner Selling Cools Off – Is This The Breakout Moment?

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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?→

BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares

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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→

Bitcoin Bulls Beware: ‘Bears Are Still In Control,’ Says Top Analyst – Here’s Why

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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→

Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound

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Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it manages to recover above the $62,400 resistance. Bitcoin is still struggling to recover above the $62,200 and $62,400 levels. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a major… Continue reading Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound→

Bitcoin Battling Bearish Headwinds: Is The Sell-Off Over?

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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?→

Why Is The Bitcoin Price Down Today?

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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?→

Fears Of Bitcoin Sales By US And German Govts Are FUD, Even Bullish: Experts

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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→

Buy Crypto Now: Lekker Capital CIO Spotlights Prime Opportunity

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Quinn Thompson, Chief Investment Officer (CIO) at Lekker Capital, articulated a strong buy signal for cryptocurrencies amidst a landscape fraught with bearish sentiment. In a statement released through the social media platform X, Thompson described the present market conditions as “one of the most obvious and attractive crypto buying opportunities of recent memory.” Lekker Capital,… Continue reading Buy Crypto Now: Lekker Capital CIO Spotlights Prime Opportunity→

Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor

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Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with… Continue reading Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor→

Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows

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Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed… Continue reading Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows→