Tag Archives: Bitcoin

Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?

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Data shows derivatives exchange users are still shorting Bitcoin after the recovery that the cryptocurrency has enjoyed beyond the $57,000 mark. Bitcoin Funding Rate Is Still Negative On Major Exchanges According to data from the analytics firm Funding Rate,” which keeps track of the periodic fee that the derivatives contract traders on a given exchange… Continue reading Bitcoin Surges Above $57,000, But Investors Still Shorting: Fuel For More Rise?→

Japan’s Metaplanet Increases Bitcoin Holdings By $2 Million, Here’s How Much BTC It Owns Now

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Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million).… Continue reading Japan’s Metaplanet Increases Bitcoin Holdings By $2 Million, Here’s How Much BTC It Owns Now→

Bitcoin Sees 2 Consecutive Heikin Ashi Signals On The Weekly Chart, What This Means

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Crypto analyst Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon.  What The Heikin Ashi Signal Means For Bitcoin While momentum to the downside. Based on… Continue reading Bitcoin Sees 2 Consecutive Heikin Ashi Signals On The Weekly Chart, What This Means→

Bitcoin Shakeout Ahead: Analysts Predict Final Dip Before Bull Run Resumes

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The Bitcoin market has seen some consolidation since Monday, maintaining a price above the $56,000 mark after a brief drop from $65,000 to around $52,600 last Friday.  However, one analyst suggests that the bearish sentiment may still be ongoing, with expectations of a potential revisit to lower levels before a significant upward movement. BTC’s Future… Continue reading Bitcoin Shakeout Ahead: Analysts Predict Final Dip Before Bull Run Resumes→

Major Bitcoin Addresses See 5% Holding Boost – What’s Driving The Accumulation?

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Recent data illustrates the interesting trend in Bitcoin ownership, where addresses that hold between 100 and 1,000 BTC control approximately 20.3% of the circulating supply. This would amount to a total of about 4.01 million BTC, which is a considerable surge of 5% compared to the 3.82 million BTC it had just six months ago.… Continue reading Major Bitcoin Addresses See 5% Holding Boost – What’s Driving The Accumulation?→

Analysts Say Bitcoin Will Break $90,000 In Q4 2024 But This Must Happen First

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Predictions for the Bitcoin price have been all over the place, especially when it comes to whether the cryptocurrency can hit a new all-time high after the crash. While bearish sentiments remain strong, there are still analysts who believe that bullish times are on the way for the pioneer cryptocurrency. Bernstein analysts have fallen into… Continue reading Analysts Say Bitcoin Will Break $90,000 In Q4 2024 But This Must Happen First→

Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research

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A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back in March 2022 to contain rampant inflation due to COVID-related supply chain bottlenecks… Continue reading Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research→

Bitcoin Price Could Extend Gains: Will Bulls Stay in Control?

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Bitcoin price started a decent increase above the $55,500 resistance. BTC is consolidating and might aim for more gains if it clears the $58,000 resistance. Bitcoin is rising from the $52,500 support zone. The price is trading above $55,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend… Continue reading Bitcoin Price Could Extend Gains: Will Bulls Stay in Control?→

Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date

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Michael Saylor, co-founder and Executive Chairman of the business intelligence firm MicroStrategy and a well-known Bitcoin advocate, recently reiterated his bullish stance on the leading cryptocurrency during an exclusive interview with CNBC on Monday. Saylor’s Bitcoin Price Forecast Saylor, recognized for steering his company towards significant BTC investments to capitalize on its continuous growth, projected… Continue reading Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date→

Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000

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10x Research, a digital asset research platform for traders and institutions, has unveiled a foreboding forecast for the price of Bitcoin (BTC). Highlighting current market conditions and Bitcoin’s recent price dynamics, the research firm projects a massive price crash to $45,000 soon. Bitcoin $45,000 Price Crash Incoming 10x Research has released a report outlining several market… Continue reading Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000→