Tag Archives: btcusd

Crypto Analyst Predicts Bitcoin Decline From Here, But What Happens Next?

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The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not… Continue reading Crypto Analyst Predicts Bitcoin Decline From Here, But What Happens Next?→

Bitcoin Recovery Stalls As HODLers Apply Selling Pressure

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On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a CryptoQuant Quicktake post explained, old cryptocurrency tokens have recently been deposited in large quantities in centralized exchanges. The on-chain metric of… Continue reading Bitcoin Recovery Stalls As HODLers Apply Selling Pressure→

Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle

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In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency  has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead.  Analyst… Continue reading Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle→

Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million

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After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with… Continue reading Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million→

Bitcoin Price Falls Once More: Are Bears Poised for Another Drop?

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Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at… Continue reading Bitcoin Price Falls Once More: Are Bears Poised for Another Drop?→

Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report

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A new report from Glassnode has revealed that the Bitcoin short-term holders took part in the largest loss-taking event since 2022 in the recent crash. Bitcoin Short-Term Holders Have Realized Huge Losses Recently According to the latest weekly report from Glassnode, less than 1% of trading days in the cryptocurrency’s history have seen the short-term… Continue reading Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report→

Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market

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Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s… Continue reading Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market→

Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?

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Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its… Continue reading Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?→

German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind

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In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month.  Bitcoin Reserves On The Brink Of Exhaustion The selling spree began last month when the German government initiated the sale… Continue reading German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind→

Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets

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The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe… Continue reading Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets→