Bitcoin (BTC) could see further upside volatility as several technical and onchain indicators suggested the BTC price was due for a “powerful“ upward breakout. Key takeaways: Bitcoin’s Bollinger Bands indicator hints at major volatility ahead. BTC’s symmetrical triangle breakout targets $84,500. Heavy BTC accumulation by investors around $83,900-$85,200 could stop bulls. Bitcoin Bollinger Bands point…
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Ether (ETH) bulls are eyeing a move back toward $2,800 in March, with at least three indicators showing ETH price potential to rise higher. Key takeaways: Ether’s price jumped by over 9% toward $2,280 on Monday. Multiple indicators, including a symmetrical triangle, hint at an extended price rally toward $2,800. Ether invalidates a bearish chart…
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Bitcoin (BTC) found fresh strength during the early Asian trading hours on Monday as bulls eyed further short-term gains. Key takeaways: Bitcoin price rises to a six-week high of $74,400 on Monday, liquidating $300 million in shorts. The 50-day moving average above $71,120 is a key support level to watch for BTC/USD going forward. Bitcoin…
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There is a growing risk that a looming crisis in the private credit market, fueled by rising redemptions and defaults, could spill over into Bitcoin (BTC) and crypto markets, according to analysts. Key takeaways: The $2 trillion private credit sector faces a crisis from defaults, redemptions, and limited oversight. A liquidity crunch may force investors…
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Market analysts say Bitcoin (BTC) is in a relief rally after its 17% recovery from multi-year lows below $60,000, but the $78,000 level is key to reversing the broader downtrend. Key takeaways: Bitcoin price is up 17% from sub-$60,000 lows as onchain data shows signs of returning demand. BTC price resistance around $78,000 must be…
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Bitcoin (BTC) failed to break the $72,000 resistance on Tuesday, as onchain data suggested that BTC was entering the most “challenging” phase of the cycle. Key takeaways: Bitcoin price stays range-bound following another rejection at $72,000. Rising supply in loss suggests the most “psychologically challenging” phase of the bear market is here. Bitcoin must break…
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Bitcoin (BTC) price action liquidated shorts on Tuesday as market participants reacted to US President Donald Trump’s comments on the Iran war. Key takeaways: Bitcoin order book liquidity is increasing as BTC price rebounds to $71,000. Market participants anticipate a liquidity grab toward $72,000 next. BTC price momentum improves, with rising spot volume and strong…
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Bitcoin (BTC) displayed strength as it traded above $67,000 on Monday, after producing the first bullish weekly close in seven weeks. Meanwhile, oil prices exploded as the Middle East conflict prompted fears of a major supply shortage. Key takeaways: Bitcoin holds firm above $67,000 as oil prices surge to the highest level since 2022. The…
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Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price. Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible. Others say the bottom is in and expect…
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While Bitcoin (BTC) remains more than 42% below its $126,000 all-time high, several technical setups suggest that the price range between $60,000 and $72,000 may be the new bottom range, before a sustained recovery. Key takeaways: Bitcoin’s double bottom pattern suggests that a reversal is underway. A bottom may form in the coming weeks as…
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