Key takeaways: Bitcoin price rose 1.5% to over $115,000, with onchain indicators suggesting market momentum is picking up. BTC must hold above $115,000 to secure the recovery, with resistance at $116,000-$121,000. Bitcoin (BTC) price was up on Friday, rising 1.5% over the past 24 hours to trade above $115,000. Several technical and onchain indicators suggest…
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Key takeaways: A classic BTC price chart pattern puts $170,000-$360,000 in play this cycle. Spot Bitcoin ETFs post the biggest inflows in two months as institutional demand rebounds. Bitcoin (BTC) price action has painted two inverse head-and-shoulders patterns on the weekly time frame, which hint at BTC’s “supercycle ignition” to $360,000, according to analysts. BTC…
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Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. A Bitcoin indicator used by traders to assess volatility has reached a critical turning point, suggesting that a significant price move may be underway. Crypto trader and analyst Matthew Hyland noted that Bitcoin’s…
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Key takeaways: Long-term Bitcoin holders sold 241,000 BTC over the past 30 days. BTC price bear flag targets $95,500. Bitcoin (BTC) long-term holders have sold more than 241,000 BTC over the past month. Continued selling could send the price toward $95,000 or lower, according to analysts. Bitcoin long-term holders sell $26 billion worth of BTC…
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Key takeaways: Bitcoin breaks back above $112,000 on Friday as bulls clinch key support. More crypto market volatility is expected after the release of the US jobs report later on Friday. Bitcoin (BTC) touched $112,900 at the start of the European trading session on Friday as traders slowly flipped bullish on BTC price action ahead…
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Key takeaways: Bitcoin has dropped 14% from its $124,500 all-time high, which led to a drop in BTC supply in profit, signalling market exhaustion. The $112,000-$116,000 supply zone must be overcome to start the next leg higher. Bitcoin (BTC) dropped 14% from its $124,500 all-time high to a seven-week low of $107,400 on Saturday. This…
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Key takeaways: Bitcoin price recaptures $110,000, but bearish pressure persists. BTC must flip the $110,500-$112,000 zone into new support to avoid a deeper correction toward $100,000. Bitcoin (BTC) price was up on Tuesday, rising 2.4% over the past 24 hours to trade above $110,000. Still, while some indicators pointed to a local bottom, other metrics…
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Key takeaways: Bitcoin’s MVRV death cross signals bearish momentum, historically preceding big price corrections. However, the MVRV Z-Score remains well below historical peak levels. Bitcoin (BTC) could be set for an extended correction in the coming weeks as an overvaluation metric sends a bearish signal. The cryptocurrency market might be experiencing a “macro reversal,” according…
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Key takeaways: Bitcoin needs a weekly close above $114,000 to avoid a deeper correction and reaffirm bullish strength. Failure to hold $112,000 and a bear flag breakdown could trigger drop to $103,700. Bitcoin (BTC) should avoid an “ugly” correction to lower levels if BTC/USD ends the week above $114,000, according to traders and analysts. Why…
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Key takeaway: Bitcoin’s bullish megaphone pattern suggests $144,000-$260,000 is in play this cycle. Signs of panic from BTC short-term holders hint at a potential local bottom. Bitcoin (BTC) price action has painted bullish megaphone patterns on multiple time frames, which may propel BTC to new record highs, according to analysts. BTC price can reach $260,000…
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