Tag Archives: btcusd

German Triggers Bitcoin Crash With Rapid Selling: Here’s How Much BTC They Have Left

Posted on by — No Comments ↓

The price of immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial… Continue reading German Triggers Bitcoin Crash With Rapid Selling: Here’s How Much BTC They Have Left→

Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO

Posted on by — No Comments ↓

Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry… Continue reading Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO→

Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?

Posted on by — No Comments ↓

On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC. Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted… Continue reading Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold?→

Legendary Trader Peter Brandt Says Bitcoin Could Crash To $44,000, Here’s Why

Posted on by — No Comments ↓

to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto.  Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double… Continue reading Legendary Trader Peter Brandt Says Bitcoin Could Crash To $44,000, Here’s Why→

Bitcoin Price Stabilizes After Losses: Can Bulls Overcome Resistance for a Recovery?

Posted on by — No Comments ↓

Bitcoin price is consolidating losses above the $55,000 level. BTC must settle above $58,500 and then $60,000 to start a recovery wave. Bitcoin dipped again and retested the $54,500 support zone. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at… Continue reading Bitcoin Price Stabilizes After Losses: Can Bulls Overcome Resistance for a Recovery?→

Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?

Posted on by — No Comments ↓

Recent data shows that the Bitcoin mining difficulty is on the decline and has hit its lowest since May. This is significant considering what this could mean for the Bitcoin ecosystem, specifically Bitcoin’s price. Bitcoin Mining Difficulty Drops To 79.5 T Data from CoinWarz shows that Bitcoin mining difficulty has dropped to 79.5 T at… Continue reading Bitcoin Mining Difficulty Crashes 5% To Lowest Level In 3 Months, What Happens Next?→

Bitcoin ‘Extreme Greed’ Is Almost Here: Price Bottom Now Close?

Posted on by — No Comments ↓

Data shows the Bitcoin sentiment is close to entering into the extreme greed zone. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Fear & Greed Index Has Continued To Decline Recently The “Fear & Greed Index” is an indicator developed by Alternative that tells us about the average sentiment that traders in the… Continue reading Bitcoin ‘Extreme Greed’ Is Almost Here: Price Bottom Now Close?→

Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?

Posted on by — No Comments ↓

The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of… Continue reading Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?→

Is Bitcoin Undervalued Now? Industry Expert Decodes The Market State

Posted on by — No Comments ↓

On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it… Continue reading Is Bitcoin Undervalued Now? Industry Expert Decodes The Market State→

Bitcoin Price Downtrend Continues: Brace for More Losses

Posted on by — No Comments ↓

Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming… Continue reading Bitcoin Price Downtrend Continues: Brace for More Losses→