Tag Archives: btc

Is Bitcoin Price Headed For $70,000 Or $300,000? What The Charts Are Saying

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Bitcoin’s price trajectory has become a significant point of interest in light of the recent downtrend, which has disappointed many bullish traders. According to on-chain analytics platform IntoTheBlock, the recent price crash up to the current price has seen over 6.5 million BTC addresses falling into losses. Still, technical analysis suggests Bitcoin could experience further… Continue reading Is Bitcoin Price Headed For $70,000 Or $300,000? What The Charts Are Saying→

Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?

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Bitcoin’s price appears to be still struggling below key levels. So far, the asset still trades below $82,000 marking a slight uptick of 0.3% in the past day and a roughly 24.3% decrease away from its all-time high (ATH) above $109,000 registered in January. Amid this price performance, key price levels, particularly those that impact… Continue reading Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?→

Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead?

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Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency’s rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on… Continue reading Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead?→

Global M2 Tightens Grip On Bitcoin—What’s Next?

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Bitcoin’s tight correlation with global M2 has returned to the spotlight, suggesting that broader monetary conditions remain a key force behind the cryptocurrency’s market trajectory. Recent price action shows Bitcoin converging with M2’s downward drift—mirroring roughly a 70-day lag. This cyclical movement highlights Bitcoin’s ongoing responsiveness to fluctuations in liquidity, even as other fundamental factors,… Continue reading Global M2 Tightens Grip On Bitcoin—What’s Next?→

Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?

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Bitcoin price started a recovery wave above the $80,500 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $81,000 zone. The price is trading above $81,500 and the 100 hourly Simple moving average. There was a break below a… Continue reading Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?→

Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?

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Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January. This… Continue reading Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?→

Bitcoin And S&P Decline Together, But Data Predicts A Turnaround

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Bitcoin is not the only one that has suffered. Investors are becoming concerned as the flagship cryptocurrency has followed the recent decline in the S&P 500. But if past performance is any indication, Bitcoin might be experiencing a resurgence. United States President Donald Trump assumed office in November for a second term, but since then,… Continue reading Bitcoin And S&P Decline Together, But Data Predicts A Turnaround→

Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says

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In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months.  Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst… Continue reading Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says→

Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?

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On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the on-chain analytics firm Santiment has discussed about how the trading volume has changed for the various… Continue reading Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?→

Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over

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In the ongoing debate over Bitcoin’s market trajectory, two prominent crypto analysts have shared contrasting viewpoints on X, underscoring the community’s divided sentiment. While one maintains that a drastic downturn remains possible, the other posits that the worst of the market downturn has already passed—citing a notable 87.5% probability. Bitcoin Bears In Trouble? Crypto analyst… Continue reading Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over→