Tag Archives: btc

Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000

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A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.  Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small… Continue reading Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000→

Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541

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Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market.  Traders are watching closely to see if the bearish trend will continue or if a reversal is on the… Continue reading Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541→

Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB

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Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In its press release published today, the bank said its customers can avail 24/7 cryptocurrency trading… Continue reading Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB→

Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024

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A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread investor sell offs, which could precede a significant price breakout to new levels.  Comparing The Bitcoin Markets Of 2023… Continue reading Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024→

Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key

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Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive… Continue reading Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key→

Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why

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In a recent essay titled “Boom Times … Delayed,” Arthur Hayes, co-founder and former CEO of BitMEX, delves into why impending Federal Reserve rate cuts may not initially rejuvenate the crypto markets as many investors hope. Published on Substack, Hayes presents a detailed analysis interwoven with his perspective on broader economic policies and their implications… Continue reading Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why→

Bitcoin Investors Beware: MVRV Has Given Bear Market Signal

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On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a newMVRV Z-Score refers to an indicator that keeps track of the difference between the BTC market cap and realized cap, divided by… Continue reading Bitcoin Investors Beware: MVRV Has Given Bear Market Signal→

Critical Bitcoin Indicator: Analyst Foresees Major 75% Correction Ahead

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The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on the market that could send the coin well below current levels.  Bitcoin Faces Major… Continue reading Critical Bitcoin Indicator: Analyst Foresees Major 75% Correction Ahead→

Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market

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Following its renewed peak above $73,000 back in March, Bitcoin has been experiencing a prolonged period of price stagnation ever since, leaving many investors wondering about the potential for future movements. According to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Avocado,’ this stagnation may bear a resemblance to a similar pattern observed… Continue reading Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market→

Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric

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After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio… Continue reading Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric→