Tag Archives: btc

Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls

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Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic.… Continue reading Bitcoin Analyst: 4 Crucial Support Levels To Watch If BTC Falls→

Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge

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Data shows that Bitcoin (BTC) Open Interest plummeted during the latest market retrace, but Solana (SOL) and Ethereum (ETH) have been resilient. Solana & Ethereum Open Interest Has Only Seen A Mild Retrace According to data from the analytics firm Open Interest” here refers to a metric that keeps track of the total amount of… Continue reading Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge→

Expert Explains Why Bitcoin Price Could Explode To $1 Million This Cycle

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In the latest episode of the What Bitcoin Did Podcast, hosted by Peter McCormack, Jack Mallers, CEO of Strike, made a stunning prediction for the Bitcoin price. Mallers speculated that BTC could reach a valuation between $250,000 to $1 million in the current economic cycle. Mallers grounded his prediction in the broader context of global… Continue reading Expert Explains Why Bitcoin Price Could Explode To $1 Million This Cycle→

Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon?

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Bitcoin has been experiencing a notable increase in market activity, with recent movements indicating that sellers are becoming more active. A Major Price Drop On The Horizon? According to a post by XBTManager, a contributor on the CryptoQuant QuickTake platform, Bitcoin’s price rise last week, which saw it temporarily break out of its recent range,… Continue reading Data Shows Sellers Have Returned To Bitcoin: Is A Major Price Drop On The Horizon?→

Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps

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Bitcoin appears to be entering a rebound phase, given its recent increase that brought the asset’s price close to the $66,000 mark. Particularly, after briefly touching a 24-hour high of $64,893 earlier today, Bitcoin has retraced slightly, now trading at $63,786, reflecting a minor 0.2% decline over the past day. Despite this slight pullback, analysts… Continue reading Bitcoin Holds Steady at $63,000: Analysts Weigh In on Next Steps→

Bitcoin Price Slips, But Key Support Remains Intact

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Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term. Bitcoin failed to clear the $65,000 resistance zone and corrected gains. The price is trading below $63,500 and the 100 hourly Simple moving average. There was a break below a… Continue reading Bitcoin Price Slips, But Key Support Remains Intact→

Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isn’t Safe

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On-chain data shows the Bitcoin Supply in Profit indicator has been forming a pattern recently that could put the bull run into jeopardy. Bitcoin Supply In Profit Has Seen Multiple Dips Into “Transition” Zone Recently As an analyst in a CryptoQuant Quicktake Supply in Profit” trend could suggest a potential entry into the transition zone… Continue reading Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isn’t Safe→

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target

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Market watchers have praised the Solana (SOL) price action throughout the month. The fifth-largest cryptocurrency by market capitalization has displayed a strong performance despite the market shakeouts, recently reclaiming the $160 support level. Analysts suggest that SOL might repeat history and kickstart a rally toward a new all-time high (ATH) soon. Solana Breaks Out Of… Continue reading Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target→

Here’s When Bitcoin Is Predicted To Break Its All-Time High If History Repeats

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Following the Bitcoin price surge back to $64,000, crypto analyst Rekt Capital is predicting a major breakout move in the coming weeks. In a new video analysis, the analyst forecasts a significant market movement around October 2024, based on historical precedents and current chart patterns. Will October Be Bullish For Bitcoin Again? Looking at the… Continue reading Here’s When Bitcoin Is Predicted To Break Its All-Time High If History Repeats→

Bitcoin Market Update: Analyst Sees 65% Chance Of Retest Before Surge To $68,000

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Bitcoin (BTC) has regained significant momentum over the past week, breaking free from the $49,000 lows it reached during the broader market crash on August 5. Since the past seven days, the flagship cryptocurrency has surged over 8%, climbing above the critical $63,000 level and reaching as high as $65,000 on Sunday. This latest rally… Continue reading Bitcoin Market Update: Analyst Sees 65% Chance Of Retest Before Surge To $68,000→