Tag Archives: btcusd

Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes

Posted on by — No Comments ↓

Bitcoin (BTC) has been gathering some momentum in the crypto sphere lately, crossing the $60,000 mark against multiple analysts’ signals. The world’s leading cryptocurrency has been on a wild ride, with its price fluctuations going haywire during the past few weeks. Bullish Factors Driving Bitcoin Price One major driver behind the recent price surge in… Continue reading Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes→

Bitcoin Could Target $63,000 But Must First Clear This Vital Resistance Level

Posted on by — No Comments ↓

After experiencing a significant 25% pullback earlier this month, plunging to the $49,000 level, the king of cryptocurrencies, Bitcoin (BTC), has managed to consolidate above the crucial $60,000 support for the last 24 hours. However, Bitcoin’s journey toward further price appreciation has been without obstacles. The digital asset has been unable to surpass higher resistance… Continue reading Bitcoin Could Target $63,000 But Must First Clear This Vital Resistance Level→

Bitcoin Price Aims for Steady Increase: Is a Gradual Rise Ahead?

Posted on by — No Comments ↓

Bitcoin price remains steady above the $60,000 zone. BTC is now consolidating gains, and the bulls could aim for a move above the $62,000 resistance zone. Bitcoin started a consolidation phase above the $60,000 zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a key bullish trend line… Continue reading Bitcoin Price Aims for Steady Increase: Is a Gradual Rise Ahead?→

Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why

Posted on by — No Comments ↓

Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle… Continue reading Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why→

Bitcoin Investors Be Warned: Legendary MVRV Ratio About To Death Cross

Posted on by — No Comments ↓

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has recently been nearing in on a death cross formation. Bitcoin 30-Day MA MVRV Ratio May Be About To Cross Under 365-Day MA As explained by an analyst in a CryptoQuant Quicktake MVRV Ratio” is a popular Bitcoin on-chain indicator that, in short,… Continue reading Bitcoin Investors Be Warned: Legendary MVRV Ratio About To Death Cross→

Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000

Posted on by — No Comments ↓

Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered… Continue reading Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000→

Bitcoin Derivatives Signal Major Risk Of Explosive ‘Short Squeeze’ Rally Ahead

Posted on by — No Comments ↓

As the world’s largest cryptocurrency, Bitcoin (BTC), continues to consolidate between the $58,000 and $60,000 price range with no clear direction, a bullish signal from the derivatives market suggests the potential for sudden and sharp rallies ahead for BTC’s price. Data Shows Aggressive Bitcoin Shorting According to crypto research firm K33 Research, the funding rate… Continue reading Bitcoin Derivatives Signal Major Risk Of Explosive ‘Short Squeeze’ Rally Ahead→

Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat

Posted on by — No Comments ↓

According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of… Continue reading Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat→

Bitcoin Resistance: Here Are The Challenges Ahead For BTC

Posted on by — No Comments ↓

Bitcoin has certain on-chain resistance levels coming up that could threaten future rallies. Here are the exact prices at which they lie. Bitcoin Short-Term Holders Have Their Cost Basis At These Levels Ahead As explained by CryptoQuant author Axel Adler Jr in a new Realized Price,” which keeps track of the average acquisition price on… Continue reading Bitcoin Resistance: Here Are The Challenges Ahead For BTC→

Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

Posted on by — No Comments ↓

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark,… Continue reading Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support→