Tag Archives: spot Bitcoin ETFs

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

Posted on by — No Comments ↓

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in… Continue reading Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form→

Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?

Posted on by — No Comments ↓

As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater.  New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that… Continue reading Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?→

$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level

Posted on by — No Comments ↓

Bitcoin bulls may soon be back in business. According to Willy Woo, an on-chain analyst, market data shows that urgent “market sells” responsible for forcing the coin from all-time highs are now falling. This development may prop up prices, preventing further sell-offs. Bitcoin Selling Pressure Easing This preview is due to falling Cumulative Volume Delta (CVD)… Continue reading $59,600: Analyst Explains Why Bitcoin Must Stay Above This Level→

Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

Posted on by — No Comments ↓

While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap.  Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales… Continue reading Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?→

Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?

Posted on by — No Comments ↓

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.  More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has… Continue reading Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?→

This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?

Posted on by — No Comments ↓

In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on… Continue reading This Metric Printed In 2017 Before Bitcoin Exploded: Is A Mega Run Incoming?→

Conservative Projection Places Bitcoin At $245,000 In 5 Years

Posted on by — No Comments ↓

A recent analysis paints a rosy picture of Bitcoin’s future, even with a conservative growth projection. Taking to X, Michael Sullivan predicts that the world’s most valuable coin could reach a staggering $245,000 within just five years if it maintains a mere 30% compound annual growth rate (CAGR).  Bitcoin Projections: From Conservative To Exponential Growth The analysis… Continue reading Conservative Projection Places Bitcoin At $245,000 In 5 Years→

Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient

Posted on by — No Comments ↓

While Bitcoin prices hover around 15% below their all-time highs, with some skeptics predicting more losses, one analyst on X expects the coin to bounce strongly, even breaking above all-time highs. Taking to X, the trader argues that Bitcoin has yet to breach the Golden Ratio Multiplier’s Cycle Top, currently sitting at $79,591. Supposedly, the analyst continues,… Continue reading Bitcoin Analyst Set Sight On $79,591: Urges Traders To Be Patient→

Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst

Posted on by — No Comments ↓

Even with Bitcoin prices facing pressure from sellers, Willy Woo, an on-chain analyst, thinks the coin will reach new highs thanks to the launch of new Bitcoin exchange-traded funds (ETFs). In a post on X, Woo said the coin could soar to as high as $91,000 in a bear bottom but soar to as high as… Continue reading Bitcoin Readying For A 12-Year Bull Run To $650,000 If Bulls Take Charge: Analyst→