Tag Archives: btc

Bitcoin Price Dips Again: BTC Bears Tighten Grip

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Bitcoin price failed to climb above the $66,500 resistance. BTC is again moving lower and might decline below the $64,600 support zone. Bitcoin started a fresh decline from the $66,500 resistance level. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line… Continue reading Bitcoin Price Dips Again: BTC Bears Tighten Grip→

PEPE Has 80% Of Holders In Profit: How It Compares To DOGE & BTC

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On-chain data shows the memecoin Pepe currently has 80% of its holders in profit. Here’s how Dogecoin, Bitcoin, and other top coins compare. PEPE Is Among The Coins With The Highest Profitability Ratio Right Now In a new unrealized profit currently. The analytics firm has determined these percentages using on-chain data; the transaction history of… Continue reading PEPE Has 80% Of Holders In Profit: How It Compares To DOGE & BTC→

German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists

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The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market.  The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing… Continue reading German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists→

Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible

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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to… Continue reading Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible→

Bitcoin Analyst Claims BTC Consolidation Will Continue, Hedge Funds Throw In The Towel

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Bitcoin is trending lower at spot rates, sliding away from all-time highs. Looking at the performance in the daily chart, it looks like bears are stepping up, following the general inactivity in an overwhelmingly bearish trend. When writing, the coin is down 10% from March 2024 highs but steady. Will Bitcoin Consolidate For Two More… Continue reading Bitcoin Analyst Claims BTC Consolidation Will Continue, Hedge Funds Throw In The Towel→

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

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Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet… Continue reading Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means→

MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

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Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an… Continue reading MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak→

87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why

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The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin… Continue reading 87% Of Bitcoin Hodlers Laughing All The Way To The Bank – Here’s Why→

It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst

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Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud… Continue reading It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst→

IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By

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The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by demand from the spot exchange-traded funds (ETFs) and institutional entities. During this run, the asset surpassed the… Continue reading IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By→