Tag Archives: btc

Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000

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Large investors seem to be upping their ante; at least, that’s the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice. On the inside, however, is key on-chain data that suggests Bitcoin whale accumulation and the reactivation of dormant wallets may be signs for a super… Continue reading Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000→

Here’s Why A Green September Close Is Important For The Bitcoin Price

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Bitcoin is currently exhibiting bullish price action that has sparked optimism among crypto investors. The cryptocurrency recently broke above the psychological $60,000 price barrier after three weeks of acting as a dreaded resistance level. Since breaking past $60,000, Bitcoin has continued the run-up and has increased by 9.8% in the past seven days. Interestingly, the… Continue reading Here’s Why A Green September Close Is Important For The Bitcoin Price→

Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key

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Recent CryptoQuant analysis suggests that short-term Bitcoin holders’ average buy price could be a key factor in predicting the leading crypto’s future movements. The focus is on holders who have had Bitcoin for months, with historical data indicating that their average buy price often serves as a critical support or resistance level. These short-term holders’ buy prices… Continue reading Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key→

Bitcoin Price Pushes Higher As The Bulls Set Sights on $65K

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Bitcoin price gained pace above the $61,500 resistance. BTC even cleared the $63,300 level and is now consolidating gains above $62,500. Bitcoin is gaining pace above the $62,200 resistance zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $61,500… Continue reading Bitcoin Price Pushes Higher As The Bulls Set Sights on $65K→

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

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In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has… Continue reading Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%→

Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

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Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the… Continue reading Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000→

Bitcoin Price Rally Faces Key Resistance: Will Whale Shorts Trigger A Market Pullback?

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As the broader cryptocurrency market experiences notable gains following the Federal Reserve’s rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market. Divergence In Trader Strategies… Continue reading Bitcoin Price Rally Faces Key Resistance: Will Whale Shorts Trigger A Market Pullback?→

Bitcoin Reclaims $63,000 After US Fed Rate Cut, But Is This Rally For Real?

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So far, Bitcoin has seen a mixture of bulls and bears just in the past day alone. Although bulls appear to be taking the lead given its current market performance, will this be sustainable? Before the US Federal Reserve announcement of the rate cuts, Bitcoin experienced a slight dip in its trading price. However, following… Continue reading Bitcoin Reclaims $63,000 After US Fed Rate Cut, But Is This Rally For Real?→

A Record $21.77 Billion In Bitcoin Shorts Will Be Liquidated Once BTC Breaks $70,500

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Bitcoin is trending higher at spot rates, floating above $60,000 and confirming gains of September 13. From price action in the daily chart, buyers appear to be back in the picture. The confidence follows the United States Federal Reserve’s (Fed) decision to slash rates by 50 basis points on September 18. Over $21 Billion Of… Continue reading A Record $21.77 Billion In Bitcoin Shorts Will Be Liquidated Once BTC Breaks $70,500→

October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000

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Fed rate cuts.  Descending Broadening Wedge Could Send Bitcoin To $90,000 In an X post, Jelle mentioned a descending broadening wedge pattern that had formed on Bitcoin’s chart. He claimed that the pattern has a price target of $90,000 and added that he expects the price breakout to this target to begin in October. The… Continue reading October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000→