Key points: Bitcoin nears three-week highs as US CPI data matches expectations. Plenty of market participants see Bitcoin heading higher as aresult, perhaps after a dip to trap late longs. CPI has seen BTC price fakeouts in recent months. Bitcoin (BTC) saw telltale volatility at Thursday’s Wall Street open as US macro data furthered interest-rate…
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Key points: Bitcoin sees a repeat bull signal from its MACD indicator, which last came in early April. Price then climbed 40% in a month, which this time would give BTC a $160,000 target. US macro data is quickly making traders short-term bullish on Bitcoin. Bitcoin (BTC) could reach $160,000 in September as a classic…
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Key points: Bitcoin has not peaked for this bull market, analysis argues after BTC revisits $114,000. History suggests that the bull market would be too short if $124,000 was the top. Liquidity shifts lend “predictability” to the BTC price rebound. Bitcoin (BTC) is “unlikely” to run out of fuel for new all-time highs, says new…
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Key points: Bitcoin is in the middle of a textbook correction phase after all-time highs, Glassnode finds. For correction to flip to seller exhaustion, BTC price must drop to almost $104,000. Short-term holders are seeing significant profit changes within the current BTC price range. Bitcoin (BTC) is showing classic “post euphoria consolidation” as new analysis…
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Key points: Bitcoin revisits $113,000 before Tuesday’s Wall Street open amid talk of a new gold copycat move. That level becomes a recommendation for long entries, but not everyone is bullish. Liquidity conditions show a $115,000 short squeeze in the making. Bitcoin (BTC) returned to $113,000 on Tuesday as traders’ BTC price perspectives began to…
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Bitcoin (BTC) starts the second week of September facing crucial resistance as traders maintain downside targets. Bitcoin price action coils below $112,000 over the weekend, but fears of a 10% correction or worse are mounting. CPI week is here again, and markets are wondering how large next week’s Federal Reserve interest-rate cut will be. Data…
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Key points: Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead. BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone. Fibonacci analysis hints that such a drop may not pass more than 10%. Bitcoin (BTC) returned above $111,000 into Sunday’s weekly…
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Key points: Bitcoin disappoints with volatility around US jobs data, resulting in a dive under $111,000. BTC price action gives up all its gains while gold goes on to hit yet another all-time high. Traders maintain expectations of a $100,000 support retest. Bitcoin (BTC) flipped volatile at Friday’s Wall Street open as US jobs data…
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Key points: Bitcoin price weakness could end in a giant short liquidation event as bears get overly comfortable. A new forecast suggests that market makers are deliberately preparing a giant bear trap. BTC price action is already back at $113,000, liquidating blocks of shorts. Bitcoin (BTC) is due for its “next major short squeeze” within…
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Key points: Bitcoin ignores US jobs data and falls over 2% on the day. A high-volume area now comes into play as support, even as analysis sees a BTC price comeback next. Gold continues to make headlines by beating crypto and US stocks this bull market. Bitcoin (BTC) fell back under $109,500 after Thursday’s Wall…
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