Tag Archives: btc

Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why

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As September, often seen as a negative month for Bitcoin, kicks off, a crypto expert has pointed out that the digital asset is at risk of experiencing extended selling pressure amid recent market volatility and uncertainty. Recent data suggests that negative sentiment is growing, as more investors may want to sell their BTC in response… Continue reading Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why→

Why Is Bitcoin Price Down Today? Key Reasons Explained

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While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of… Continue reading Why Is Bitcoin Price Down Today? Key Reasons Explained→

The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?

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significant drop in price. September To Witness Another Bitcoin Price Drop? A crypto analyst who goes username @thedefivillian on the X (formerly Twitter) platform outlined a possible price crash coming for Bitcoin. The crypto analyst points out that the last two months have seen massive drops in price for the pioneer cryptocurrency and September will… Continue reading The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?→

Bitcoin Price Drifts Lower: Will the Grind Continue?

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Bitcoin price extended losses below the $58,500 support zone. BTC is struggling and could continue to move down toward the $55,000 support zone. Bitcoin is gaining pace below the $60,000 support zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance… Continue reading Bitcoin Price Drifts Lower: Will the Grind Continue?→

Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

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A crypto analyst has pinpointed the $66,000 mark as a crucial level for the Bitcoin price and its trajectory over the coming weeks.  Bitcoin Price Needs To Climb Above $66,000 — Here’s Why Popular crypto pundit Ali Martinez took to the X platform to share an interesting on-chain observation for the price of Bitcoin. This… Continue reading Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News→

Bitcoin Hash Price Hits New Low — Is It Time To Buy?

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The price of Bitcoin failed to capitalize on its recent momentum over the past week, losing its hold above $60,000 yet again in August. As of this writing, the premier cryptocurrency is valued at $59,131, with no significant price change in the past day. Interestingly, the Bitcoin price appears to be nearing a bottom and… Continue reading Bitcoin Hash Price Hits New Low — Is It Time To Buy?→

How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In

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As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in… Continue reading How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In→

Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low

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On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Reserve” here refers to an indicator that keeps track of the total… Continue reading Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low→

Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why

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Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’ profitability, has reached historically low levels. According to a recent analysis by Woominkyu, a CryptoQuant analyst, this significant drop in… Continue reading Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why→

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

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Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.… Continue reading Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?→