Author: Cointelegraph by Nancy Lubale

Bitcoin Investing Made Simple!

German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure

Repeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1.3 billion in BTC holdings. Source link

Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off

CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000. Source link

Bitcoin traders express optimism even as BTC price targets shift lower

Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower. Source link

Bitcoin trades in ‘enthusiastic’ phase as data hints at upcoming range expansion

Bitcoin’s volatility is compressing, which is a sign that a sharp range expansion is brewing. Source link

3 reasons why Bitcoin analysts think a BTC price ‘cycle top’ is in

Capriole Investments founder Charles Edwards says that multiple onchain metrics point to a “sign of weakness” in Bitcoin price. Source link

Bitcoin traders say BTC’s trend change decision rests at $65K

Bitcoin’s trend change decision awaits at $65,000 where short-term traders breakeven and leveraged shorts risk a major washout. Source link

Bitcoin price drop below traders’ cost basis warns of deeper sell-off

Bitcoin price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue. Source link

Bitcoin price sees oversold bounce to $62K but will it hold?

Bitcoin price snaps back above $62,000, but technical traders are unsure whether the BTC downtrend is over. Source link

Bitcoin analysts forecast BTC price drop to $50K before parabolic run begins

A handful of Bitcoin analysts now believe BTC price is headed below $50,000. Cointelegraph explores why. Source link

Crypto investment products see $584M outflow as Bitcoin descends to $60K

Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Source link