Tag Archives: Bitcoin

Bitcoin Support Retests Reflect September 2023 Patterns: Is Another Bull Run Coming?

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Bitcoin has faced significant price fluctuations marked by a notable crash on August 5 that saw its value dip to $49,000. This was followed by a rebound to approximately $65,000, only to experience another decline to around $52,000 last Friday.  Despite these challenges, the largest cryptocurrency by market capitalization is undergoing crucial support retests, reminiscent… Continue reading Bitcoin Support Retests Reflect September 2023 Patterns: Is Another Bull Run Coming?→

Bitcoin Leveraged Positions Building Up: BTC To $50,000 Or $60,000?

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Bitcoin is firm at spot rates, looking at the development in the daily chart. Even so, the downtrend remains, and price action remains within a bearish breakout formation. This outlook follows the dump on September 7 that saw the world’s most valuable coin plunge, approaching the all-important round number, $50,000. Bitcoin Leveraged Positions Building Up… Continue reading Bitcoin Leveraged Positions Building Up: BTC To $50,000 Or $60,000?→

Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH

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With its overall market valuation down about 30% from its March 2024 record of $2.89 trillion, the cryptocurrency market is reaching a turning point. Investors are worried as the market cap as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent BTC price forecast indicates that Bitcoin is anticipated to rise by 83.70% in… Continue reading Bitcoin To Break $100K By 2025? Experts Weigh In On Potential New ATH→

Bitcoin Rainbow Chart Forecasts An End To Bearish Headwinds With $60,000+ Target

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Crypto analyst Daan Crypto has highlighted a Bitcoin Rainbow Chart, which has provided insights into the crypto’s current price action. The analyst also suggested that Bitcoin needs to hold above $60,000 to make a bullish reversal.   Bitcoin Needs To Break Above $60,000 In an X (formerly Twitter) post, Daan Crypto suggested that Bitcoin needs to… Continue reading Bitcoin Rainbow Chart Forecasts An End To Bearish Headwinds With $60,000+ Target→

Bitcoin Price Rebounds, But Could the Downtrend Return?

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Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200… Continue reading Bitcoin Price Rebounds, But Could the Downtrend Return?→

Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty – Details

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The crypto market is experiencing a notable shift in liquidity as investors acquire massive amounts of stablecoins due to market uncertainties in the last few months. CryptoQuant analyst with username Percival has provided more insights into this trend of capital rotation. Open Interest In Crypto Market Shrinks As Stablecoins See Liquidity Influx Following a rather… Continue reading Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty – Details→

Ether Liquidity Plummets 40% On Exchanges After ETF Debut

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Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead,… Continue reading Ether Liquidity Plummets 40% On Exchanges After ETF Debut→

Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt

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Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market’s fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.  On-chain developments have held investor confidence highly, with a major push for improving… Continue reading Starknet (STRK) Rises 23%, Offsets Crypto Market Fear And Doubt→

Here’s Why Bitcoin Price Crashed Below $54,000

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The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Bitcoin Slides Following Weak Job Report Bitcoin’s price retreated following a weak August job report. Data… Continue reading Here’s Why Bitcoin Price Crashed Below $54,000→

Bitcoin Flashes On-Chain Signal That Triggered A 175% Rally The Last Time

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A crypto analyst has revealed that the price of Bitcoin might be gearing for a fresh rally after the appearance of a bullish on-chain signal. Bitcoin UTXOs In Profit At Lowest Level Since 2023 — Here’s Why In a QuickTake post on the CryptoQuant platform, an analyst with the pseudonym EgyHash shared an interesting on-chain… Continue reading Bitcoin Flashes On-Chain Signal That Triggered A 175% Rally The Last Time→