Tag Archives: btcusd

Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress

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Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a… Continue reading Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress→

‘Paper’ Bitcoin On The Decline: What It Means For BTC

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Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of… Continue reading ‘Paper’ Bitcoin On The Decline: What It Means For BTC→

Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says

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The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections… Continue reading Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says→

Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September

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The Bitcoin (BTC) price performance in August resulted in losses of 8.6% for the largest cryptocurrency, exacerbating the bearish sentiment in the market since reaching all-time highs of $73,7000 in March of this year. Since then, BTC has been unable to consolidate above key levels.  However, this may not be the end of the bearish… Continue reading Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September→

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→

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 In ‘Neutral’ Zone: What This Means, According To Analyst

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Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in August, resulting in an 8.46% decline over the month. As September begins, a CryptoQuant analyst with the username… Continue reading Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst→

Bitcoin Set For Further Losses As Data Points To Stormy September – Details

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According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last month, with a recorded monthly price decline of 10.64%. Interestingly, amidst this downtrend, the asset’s historical… Continue reading Bitcoin Set For Further Losses As Data Points To Stormy September – Details→

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→