Tag Archives: btcusd

Bitcoin Bears Tighten Grip—Where’s the Next Support?

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Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone. Bitcoin started a fresh decline below the $83,500 support zone. The price is trading below $83,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance… Continue reading Bitcoin Bears Tighten Grip—Where’s the Next Support?→

Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000

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Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.  Particularly, on-chain analytics from Glassnode point to a thinning of support at the… Continue reading Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000→

Bitcoin Spot ETFs See $197 Million Net Inflows As Q1 Closes – Details

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By their lofty standards, the US Bitcoin spot ETFs produced a moderately positive performance last week, attracting about $200 million in netflows. This development comes amid an impressive market comeback over the past two weeks following the heavy withdrawals seen in early March. Bitcoin Spot ETFs: 10 Straight Days Of Positive Netflows According to data… Continue reading Bitcoin Spot ETFs See $197 Million Net Inflows As Q1 Closes – Details→

Bitcoin Breaks Falling Wedge – Is $110,000 The Next Stop?

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A popular market analyst with X username Satoshi Flipper has predicted that Bitcoin could experience a full market rebound after breaking out from a falling wedge pattern. The premier cryptocurrency rose to above $88,000 in this past trading week before experiencing a sudden crash on Friday driven by macroeconomic pressures. Bitcoin’s Falling Wedge Breakout Sparks… Continue reading Bitcoin Breaks Falling Wedge – Is $110,000 The Next Stop?→

Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time

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Crypto analyst Rekt Capital recently discussed the Bitcoin price action and provided insights into the flagship crypto’s future trajectory. Specifically, he alluded to BTC’s RSI, which is showing a similar pattern to last year, just before the rally to new highs.  Bitcoin’s RSI Targeting Daily Retest That Triggered 2024 Price Rally In an daily RSI… Continue reading Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time→

CEO On Bitcoin: A Big Idea Whose Time Has Finally Come

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Bitcoin is gaining considerable momentum, with the big boss of Bitwise Asset Management having strong faith in the cryptocurrency’s prospects. The time has come for Bitcoin, says Bitwise CEO Hunter Horsley, citing the convergence of several forces behind its rising popularity and worth. This is while digital assets still hold the interest of both institutional… Continue reading CEO On Bitcoin: A Big Idea Whose Time Has Finally Come→

Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally

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A prominent crypto pundit has outlined a compelling case for the Bitcoin price outlook, predicting a surge to a target as high as $260,000 this bull cycle. However, a critical invalidation level stands in the way of this bullish scenario, threatening Bitcoin’s projected rally if breached.  On March 26, Gert van Lagen, a well-known crypto… Continue reading Crypto Pundit Makes Case For Bitcoin Price At $260,000, But This Invalidation Level Threatens The Rally→

Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033

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Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply.  Strategy Stock (MSTR) Receives ‘Outperform’ Rating  Led by analyst Gautam… Continue reading Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033→

GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase

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GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes.  This move comes just a day after GameStop… Continue reading GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase→

Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens

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Crypto analyst Tony Severino has provided an update on the Bitcoin price action. The flagship crypto is now eyeing a bullish reversal, but the analyst warned of how things could still go wrong for BTC and mark the end of the bull run.  Bitcoin Marks 114 Weeks In Active Buy Signal In an X post,… Continue reading Bitcoin Marks 114 Weeks In Active Buy Signal On The SuperTrend Weekly, But Things Could Turn Bad If This Happens→