Tag Archives: BTCUSDT

Bitcoin Lags Under STH Realized Price Of $63,000 — What Does This Mean?

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The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4. The premier cryptocurrency continues to hover around the $62,000 mark, reflecting a mere 0.3% decline in the last 24 hours. Recent on-chain data suggests that the price of Bitcoin might continue to turn in a… Continue reading Bitcoin Lags Under STH Realized Price Of $63,000 — What Does This Mean?→

US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details

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Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in the first five days of the month. Related Reading: US Spot Bitcoin… Continue reading US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details→

Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details

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According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant movement in the past day. Notably, the premier cryptocurrency has slipped into a minor consolidation state since the little gains recorded on Friday. However, for long-term traders, Bitcoin has remained in a range-bound movement stretching to March. And while… Continue reading Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details→

Bitcoin Investors Show Fear – Could A Price Bottom Be Imminent?

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In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary… Continue reading Bitcoin Investors Show Fear – Could A Price Bottom Be Imminent?→

Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?

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The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround… Continue reading Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?→

Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?

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Ki Young Ju, the founder of the on-chain analytics platform CryptoQuant, revealed that Bitcoin whales are currently moving out of character in terms of profit-taking. These whales likely believe that the bull is far from over, which is why they haven’t secured as much profit as they have done in previous bull runs.  Bitcoin Whales… Continue reading Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?→

Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?

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The price of Bitcoin has not had the most straightforward performance in 2024 despite a strong start to the year. The flagship cryptocurrency has spent most of the last two quarters in consolidation, fluctuating within the $50,000 and $70,000 range. This uninspiring performance has sparked conversations about the current cycle, with several analysts and experts… Continue reading Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?→

Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here

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A CryptoQuant analyst known as “caueconomy” recently published a post indicating that Bitcoin (BTC) may have reached a local bottom. The analyst points to a significant liquidation event as a key sign that a short-term recovery could be on the horizon. Although caueconomy acknowledged that Bitcoin has been going through a period marked by bearish… Continue reading Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here→

Similarities Between October 2023 And 2024 Suggests The Bitcoin Price May Still Experience ‘Uptober’

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Bitcoin has yet to rally in October, with many bullish proponents awaiting the resumption of an uptrend. Among those closely monitoring the price action in anticipation of an uptrend is a well-known analyst on the social media platform X. This analyst, who goes by the name Ash Crypto, recently highlighted a striking similarity between Bitcoin’s… Continue reading Similarities Between October 2023 And 2024 Suggests The Bitcoin Price May Still Experience ‘Uptober’→

Here’s What Will Happen If Bitcoin Respects This MVRV Ratio Support Level

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A CryptoQuant analyst using the pseudonym “tugbachain” has recently shed light on a key trend within the Bitcoin market. Posting on the CryptoQuant QuickTake platform, the analyst focused on the Market Value to Realized Value (MVRV) ratio, an important metric in the Bitcoin market. According to tugbachain, the MVRV ratio shows a historical downward trend.… Continue reading Here’s What Will Happen If Bitcoin Respects This MVRV Ratio Support Level→