Tag Archives: btcusd

Why Did The Bitcoin Price Rise Above $66,000 Today?

Posted on by — No Comments ↓

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in… Continue reading Why Did The Bitcoin Price Rise Above $66,000 Today?→

Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?

Posted on by — No Comments ↓

In a recent analysis, James Coutts, Chief Crypto Analyst at Realvision, signaled a potential bullish turn in Bitcoin’s near future, attributing the forecasted change to shifts in global liquidity measures, specifically the Global Money Supply (M2) index which is widely seen as most important price catalyst. Coutts detailed this anticipation in a thread on X,… Continue reading Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?→

Bitcoin Breaks Free: Emerging from Bearish Sentiment, Crypto Market Optimism Rises

Posted on by — No Comments ↓

Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a… Continue reading Bitcoin Breaks Free: Emerging from Bearish Sentiment, Crypto Market Optimism Rises→

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

Posted on by — No Comments ↓

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its… Continue reading Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns→

Bitcoin Soaring Toward $84,000: Insights From Glassnode Co-Founders

Posted on by — No Comments ↓

In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher targets. The latest momentum shift in Bitcoin’s price action has caught the attention… Continue reading Bitcoin Soaring Toward $84,000: Insights From Glassnode Co-Founders→

Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target

Posted on by — No Comments ↓

The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed.… Continue reading Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target→

Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC

Posted on by — No Comments ↓

Glassnode Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had… Continue reading Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC→

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

Posted on by — No Comments ↓

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake Hash Ribbons indicator is to be believed. This on-chain metric is generally used to determine whether… Continue reading Bitcoin Hash Ribbons Form Capitulation Signal: What It Means→

Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week

Posted on by — No Comments ↓

price level may not be bad for Bitcoin and could instead be necessary for it to finally make that price rally.  $57,938 Is The Price Level To Keep An Eye On CryptoCon mentioned in an X (formerly Twitter) post that $57,938 is the “new price to watch for the 20-week EMA (Exponential Moving Average).” He… Continue reading Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week→

Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty

Posted on by — No Comments ↓

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend… Continue reading Bitcoin Price Holds Firm: Key Support Maintained Amid Market Uncertainty→