Key points: Bitcoin futures buy volume indicates that traders are becoming increasingly long-term bullish on BTC this month. The $110,000 “gap” in CME Group’s Bitcoin futures remains unfilled. Bitcoin ETF options experience a spike in popularity as IBIT open interest nears $40 billion. Bitcoin (BTC) derivatives traders are flipping “aggressively long” as price squeezes closer…
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Key points: Bitcoin aims for a $120,000 reclaim as bullish momentum continues at the Wall Street open. Traders are eager for price discovery, seeing this as increasingly likely. RSI heads higher with price without sparking a sustained support retest. Bitcoin (BTC) approached $120,000 at Thursday’s Wall Street open as bearish BTC price takes gave way…
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Key points: Bitcoin may have topped out at $119,500 as price indicators flip “overbought.” Traders eye a support retest to consolidate its latest rebound, which is nearing 10% in a week. ETF inflows total $1.6 billion in three days, with IBIT breaking into the top 20 ETFs by assets. Bitcoin (BTC) is ready for a…
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Key points: Bitcoin is trying to break $118,000 for the first time since mid-August. US labor market weakness drives crypto and risk assets higher despite the US government shutdown. Any dips are “buy opportunities,” BTC price analysis says. Bitcoin (BTC) sought six-week highs after Wednesday’s Wall Street open as markets shrugged off the US government…
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Key points: Bitcoin sees a fresh uptick ahead of the Wall Street open with $117,000 in sight. Liquidity below price thickens, leading to concerns that price may still “take out” longs. Gold repeats all-time highs, with Bitcoin finally attempting to follow its trajectory. Bitcoin (BTC) neared $117,000 on Wednesday as bulls continued to avoid a…
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Key points: Bitcoin needs to break through $115,000 to confirm upside continuation. Concerns around the CME futures gap still see a retreat to $110,000 coming first. Gold hits fresh record highs, but now, traders think that Bitcoin is ready to follow. Bitcoin (BTC) consolidated gains on Tuesday as new all-time highs for gold focused attention…
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Key points: Bitcoin faces three moving averages in the same place on the daily chart after its early-week gains. The monthly and quarterly close make reclaiming these all the more important, analysis suggests. Multiple catalysts for BTC price volatility are lining up this week. Bitcoin (BTC) is battling three “key” moving averages at once, and…
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Key points: Bitcoin bounces back with a trip to $114,000 at the Wall Street open. Traders remain wary of a retracement, especially thanks to a new weekend CME gap opening at $110,000. Macro analysis sees good odds of another “Uptober” for crypto. Bitcoin (BTC) continued its sudden rebound at Monday’s Wall Street open while traders…
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Bitcoin (BTC) goes for a late September comeback as the monthly and quarterly close arrive. BTC price action surprises with a push above $112,000 for the weekly close, setting up a tug-of-war between bulls and bears. Liquidity games are back, but observers warn of a move down to liquidate late longs next. Employment data from…
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Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. US PCE inflation offers no relief for crypto bulls. Bitcoin (BTC) threatened new September lows at Friday’s Wall Street open as US inflation…
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