Key takeaways: Bitcoin’s Bollinger Bands indicator now sees the potential for BTC price breakout above $110,000. Bitcoin eyes new all-time highs in July due to multiple tailwinds. Bitcoin (BTC) could see further upside volatility as BTC’s price holds key levels, according to a classic technical analysis metric. Bollinger Bands: BTC price nears breakout In a…
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Key takeaways: Bitcoin’s multiple rejections from $110,000 signal the bulls’ inability to sustain higher prices. BTC price may drop as low as $105,000 in the short term if key levels are lost. Bitcoin (BTC) bulls were thwarted in an attempt to regain support at $110,000 on Thursday as US employment data exceeded expectations, dealing a…
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Key takeaways: Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited. High retail FOMO and a near-overbought RSI signal a potential BTC price correction. Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame since reaching a three-week high of $110,300…
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Key takeaways: Bitcoin’s STH cost basis, MVRV data, and other technical indicators suggest that BTC price is on track toward $117,000. Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs. Bitcoin (BTC) has been trading in a “well-defined” range over the past six months as traders anticipate a potential breakout. Onchain…
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Key takeaways: Over $342.2 million in ETF outflows on July 1 and weaker futures activity show traders becoming more defensive. Bitcoin traders are watching $106,500 support and significant resistance at $109,000. Bitcoin (BTC) remains stuck in a $4,000 range as muted market activity and the return of spot BTC ETF outflows suggest that traders are…
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Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. BTC price must remain above $100,000 to secure the upside. Bitcoin exchange reserves have fallen below 15%, suggesting a supply shock as institutional demand from…
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Key takeaways: Bitcoin’s 98% supply in profit signals bullish sentiment but warns of volatility and potential price corrections. Analysts predict BTC could hit $200,000 by 2025, but sustained demand is key. Bitcoin (BTC) price predictions of $200,000 by the end of 2025 are becoming increasingly common, as a surge in profitability not only signals growing…
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Key takeaways: Bitcoin price coils at $107,000 as liquidity builds up around the all-time highs. A support/resistance flip at $109,000 is a must for the bulls as new record highs become “inevitable,” says analyst. Bitcoin saw modest gains over the weekend, climbing by as much as 3% to $108,000 on June 29, mirroring similar movements…
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Key takeaways: Bitcoin’s weakening MVRV momentum could signal the start of the late stage of the bull cycle. Spot and onchain transfer volume must recover for BTC price to break out. BTC bulls must flip the $108,000-$110,000 into new support. Bitcoin’s 50% rally to $112,000 from its April lows below $74,000 appears to be cooling…
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Key takeaways: Bitcoin is up 10% to $108,200 from $98,400 local lows, reclaiming key support. Bitcoin’s bull pennant on the daily chart targets 54% gains to $165,000. Exchange flows are at a 10-year low, signaling investors continue to hold long-term. Bitcoin (BTC) price registered a weekly high of $108,200 on June 25 after a 10%…
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