Bitcoin (BTC) has dropped 10% over the last 30 days, as several groups of wallet holders switched from distribution to accumulation. Data suggests that this accumulation, coupled with record realized losses, points to a potential shift in momentum. Key takeaways: Bitcoin whales and mid-sized holders are aggressively accumulating BTC at current levels. Whales and sharks…
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Bitcoin (BTC) analysis has mapped out key BTC price levels to watch going into the weekend, with a focus on the yearly open above $93,000. Key takeaways: Key Bitcoin price levels above and below the spot price are here as BTC is about to close the week. The weekly close makes reclaiming $93,000 all the…
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Bitcoin (BTC) is flashing early signs of a deeper correction, as the latest recovery pauses at $93,000. New analysis shows Bitcoin’s “market structure” increasingly resembles the first quarter of 2022, which marked the beginning of the bear market. Key takeaways: Bitcoin’s onchain structure mirrors early 2022, risking a deep bear market if key levels are…
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Bitcoin (BTC) rose on Wednesday, gaining 7.5% over the last 24 hours to trade above $93,000, as analysts expected new highs. This came amid record capital inflows, rising realized cap and decreasing volatility, which suggested a changing market structure, according to a new joint report from Glassnode and Fanara Digital. Key takeaways: Bitcoin has attracted…
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Bitcoin (BTC) has been in a downtrend since early October, with the price dropping below its network value, suggesting a possible recovery in 2026. Key takeaways: Bitcoin price dropped below its fair value, a setup that has historically preceded positive one-year returns. Strengthening network activity suggests robust adoption beyond speculation. Bitcoin spot CVD flipped positive,…
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Bitcoin (BTC) experienced a sharp pullback in early Asian trading on Monday, dropping to $85,500 amid increasing expectations of a December rate hike by the Bank of Japan (BOJ). Key takeaways: Bitcoin dropped 5% to almost $85,000 in a marketwide correction, liquidating $656 million in longs. Mounting expectations for a BOJ rate hike at its…
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Bitcoin’s (BTC) relief rally to $91,000 appears to be cooling off, but analysts believe the short-term trend for BTC “remains up.” Key takeaways: Bitcoin must take out immediate resistance between $92,000 and $95,000 next. Spot volume and trading activity must recover to lift BTC back into six figures. Bitcoin bulls must reclaim the yearly open…
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Bitcoin (BTC) rallied 13% from multimonth lows at $80,000, reclaiming the $90,000 mark on Wednesday. This move came as a surprise as BTC repeated its historical pre-holiday rally, increasing hopes of a continued upward move going into Thanksgiving weekend. Key takeaways: Bitcoin stages a pre-Thanksgiving rally and seeks to defy its historical average return of…
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Bitcoin (BTC) is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity. Key takeaways: Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions. BTC bull flag pattern targets a short-term recovery to $96,000. Bitcoin price is “entering an…
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Key takeaways: Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again. Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss. Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by…
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