Key takeaways: Bitcoin’s new highs above $122,000 translate to 29% year-to-date gains, overtaking gold’s 27%. BTC price uptrend remains resilient as an ascending parallel channel targets $125,000 next. Bitcoin (BTC) has staged a “relentless rally” over the last five days, hitting an all-time high above $122,000 on Monday. Bitcoin is now up around 29% year-to-date,…
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Key takeaways: Bitcoin’s long-term uptrend remains strong, but an analyst warns that the four-year cycle may limit another leg up. Analysts believe Bitcoin could move higher past the current all-time highs, with targets between $130,000-$168,000. Bitcoin (BTC) might not have time to mount another parabolic rally this cycle, based on its four-year cycle model, a…
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Key takeaways: 80% of all Bitcoin is now being hodl’d, a historical signal for upcoming rallies. A break above the $110,000 resistance could lead to increased volatility, with some traders anticipating a rise to $130,000. Bitcoin (BTC) price has previously rallied as much as 84% when the BTC supply held by long-term holders rose above…
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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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