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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Key takeaways: Bitcoin price needs to hold above $110,000 to avoid further losses. The Taker-Buy-Sell-Ratio is down to levels last seen in November 2021, when BTC price reached its cycle peak. Bitcoin’s (BTC) price saw modest gains on Wednesday, rising 0.9% over 24 hours to trade at around $111,000. Several analysts said the next most…
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Key takeaways: Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday. $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000. Bitcoin (BTC) sellers emerged again on Monday as the drop to $111,000 resulted in a large liquidation of leveraged long positions across…
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Key takeaways: Bitcoin surged 5% to $117,300 after Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, liquidating $379.88 million in shorts. Analysts say the BTC “uptrend is back,” with the potential to hit $200,000 before the end of the year. Bitcoin (BTC) took out the ask liquidity above $117,000 on Friday…
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Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon. Bitcoin risks dropping into the $90,000-$100,000 range if the psychological support at $110,000 is lost. Bitcoin (BTC)…
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Key takeaways: Bitcoin volatility is expected to remain present ahead of Fed Chair Powell’s speech on Friday. Analysts say Bitcoin’s dip below $112,000 offers a “great entry” opportunity for traders. BTC price may drop as low as $110,000 if key support levels are broken. Bitcoin (BTC) has been trending down alongside the broader crypto market…
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Key takeaways: Short-term Bitcoin holders sold 20,000 BTC at a loss since Sunday. Technicals suggest pushing Bitcoin’s price below $100,000 could be a tough task for the bears. Bitcoin (BTC) price has pulled back below $116,000, as uncertainty ahead of Jerome Powell’s Jackson Hole speech led investors and traders to reevaluate risks and stay cautious.…
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Key takeaways: Bitcoin hit a new all-time high of $124,450 on Thursday, but signs of overheating are starting to appear. Several technical indicators suggest a potential top at $124,000. Bitcoin (BTC) recorded a new all-time high of $124,450 during the early Asian trading hours on Thursday. However, BTC price pulled back to $121,670 at the…
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