Key takeaways: Bitcoin market structure and multi-faceted adoption still support a longer-term rally to $150,000. Regulatory tailwinds, along with the Trump administration’s expansionary economic mandate, support a BTC price rally to $150,000 and higher. Bitcoin (BTC) is making a run back toward the $120,000 level, but most traders want to know what it will take…
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Bitcoin (BTC) price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows “net distribution” (selling) from the cohort holding more than ten thousand Bitcoin, but cohorts below this level have continued to accumulate. Trend accumulation score. Source: X / Glassnode The spot and futures…
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Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum. Bitcoin (BTC) price has spent the bulk of the week pinned…
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Key takeaways: Possible de-risking ahead of the May 13 CPI print could be playing a role in today’s BTC price correction. Bitcoin market structure and qualitative fundamentals remain bullish, suggesting today’s correction could be short-lived. Bitcoin (BTC) price briefly stumbled on May 12, falling to $102,388 after hitting an intraday high at $105,819 during the…
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Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space. Traders are confident that $100,000 will hold as support. Bitcoin (BTC) price rallied above $100,000 on the heels of US President Donald Trump’s announcement of a “trade deal” with the UK, which could possibly include the…
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Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY…
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Key points: US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the…
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Key takeaways: A week full of US macroeconomic reports could impact Bitcoin traders’ sentiment. Bitcoin’s rally could stall if there’s a sharp reduction in spot buy volumes. If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally. Bitcoin (BTC) price could face a period of range-bound trading after managing a…
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Bitcoin price caught an unexpected bid by rallying to a session high at $88,500, but will the price gains be capped at a multimonth overhead resistance that is aligned with the 50-day moving average? Key points: Bitcoin extended its April. 1 gains as news that the Trump administration had not finalized its “Liberation Day” tariffs…
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A recent Fidelity Digital Assets report questioned whether Bitcoin price had already seen its cyclical “blow off top” or if BTC (BTC) is on the cusp of another “acceleration phase.” According to Fidelity analyst Zack Wainwright, Bitcoin’s acceleration phases are characterized by “high volatility and high profit,” similar to the price action seen when BTC…
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