Tag Archives: btcusd

Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?

Posted on by — No Comments ↓

On-chain data shows Bitcoin is trading near a level that has historically acted as the boundary for the ‘euphoria’ phase of the market. Bitcoin Is Not Far From This Long-Term Holder Cost Basis Level According to the latest weekly report from Glassnode, BTC’s recent consolidation has been near the historical boundary between the ‘equilibrium’ and… Continue reading Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?→

Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor

Posted on by — No Comments ↓

Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with… Continue reading Bitcoin Price Faces Potential Dive: Key Support Levels to Monitor→

Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows

Posted on by — No Comments ↓

Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed… Continue reading Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows→

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

Posted on by — No Comments ↓

In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off… Continue reading Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles→

Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes

Posted on by — No Comments ↓

Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment… Continue reading Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes→

Fact Or Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction

Posted on by — No Comments ↓

Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After a stellar run in the first half of 2024, breaking past the crucial $71,000 barrier, the digital gold has retreated, currently hovering around the crucial $61,000 support zone. This recent dip has sparked a debate amongst analysts, with some… Continue reading Fact Or Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction→

Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?

Posted on by — No Comments ↓

Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with… Continue reading Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?→

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

Posted on by — No Comments ↓

Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook.  Bitcoin Could Drop To As Low As $50,000 10x… Continue reading Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why→

Is The Bitcoin Bottom In? Here’s What 7 Experts Say

Posted on by — No Comments ↓

The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that… Continue reading Is The Bitcoin Bottom In? Here’s What 7 Experts Say→

Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower

Posted on by — No Comments ↓

The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty.… Continue reading Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower→