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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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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