Tag Archives: BTCUSDT

Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory

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On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and… Continue reading Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory→

Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move

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Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The… Continue reading Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move→

Bitcoin Forms Golden Cross On 2-Month Chart, Here’s What Happened Last Time

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Crypto analyst Titan of Crypto has highlighted a bullish indicator on the Bitcoin chart. The analyst also revealed what happened the last time this pattern formed, suggesting that the leading crypto could enjoy a significant price rally soon enough.  Golden Cross Forms On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter)… Continue reading Bitcoin Forms Golden Cross On 2-Month Chart, Here’s What Happened Last Time→

Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?

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Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,200 support zone. The price is trading above $57,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with… Continue reading Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?→

Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered

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Geoff Kendrick, the Head of Crypto Research at Standard Chartered Bank, has put forth bullish predictions regarding the Bitcoin price trajectory in the event of the 2024 US presidential election.  Bitcoin Price Predictions Soar According to a CNBC report, Kendrick posits that a potential re-election of Donald Trump could propel Bitcoin to a staggering $125,000… Continue reading Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered→

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

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A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges… Continue reading Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High→

Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC?

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The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend… Continue reading Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC?→

Bitcoin Price Rises Steadily: Will It Reach $60K Next?

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Bitcoin price started a decent increase above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,000 support zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break above a short-term… Continue reading Bitcoin Price Rises Steadily: Will It Reach $60K Next?→

Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?

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According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on… Continue reading Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?→

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

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A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations,… Continue reading 11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks→