Key points: Bitcoin is safe from breaking below $100,000 for the rest of the current bull market, analyst BitQuant believes. The latest predictions hint that $145,000 is still in play for BTC price. A new dip below $114,500 closes a CME futures gap in place since July. Bitcoin (BTC) will not “come close” to $100,000…
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Key points: Bitcoin attempts a rebound into a cluster of shorts as market expectations flip bearish on BTC and altcoins. Speculative ETH traders form the largest-ever leveraged short postion, per data from CME Group. Crypto traders could be de-risking ahead of the US Federal Reserve’s Jackson Hole symposium. Bitcoin (BTC) returned to $116,000 after Monday’s…
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Bitcoin (BTC) starts a new week with a fresh sell-off, and traders are split over where BTC will head next. BTC price action has dipped $10,000 since its latest all-time high just days ago, leading to comparisons with the 2021 top. Order-book manipulation may be to blame, analysis argues — a large entity may be…
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Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. A new dip now would still allow fresh all-time highs in Q4. Bitcoin (BTC) may…
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Key points: BlackRock’s Bitcoin and Ether ETFs bought over $1 billion on Thursday while prices tanked 5% or more. Institutions are interested in “buying the dip” on both assets, a reaction says. Bitcoin has almost filled its latest CME futures gap with a trip to near $17,200. Bitcoin (BTC) hovered at $119,000 into Friday’s Wall…
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Key points: Bitcoin takes another shot at price discovery as volatility returns with Wall Street traders. Crypto liquidations pass $500 million in 24 hours. Ether comes within $150 of new all-time highs as institutional interest surges. Bitcoin (BTC) sought new all-time highs at the Wednesday Wall Street open as institutional demand punished late shorts. BTC/USD…
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Key points: Coinbase’s institutional Bitcoin trading volume hits 75% — something which has always seen BTC price rises a week later. Institutions are buying a lot more Bitcoin than is being mined daily. Risk assets are finding reasons to be bullish again as the US economic policy outlook improves. Bitcoin (BTC) is due for fresh…
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Key points: Ether gains nearly 6% on the day as BitMine ups its ETH accumulation plans to nearly $25 billion. Chairman Tom Lee gets Michael Saylor comparisons as analysis says ETH price action is “defying gravity.” Bitcoin continues to range below $120,000, shrugging off cool US CPI data. Ether (ETH) neared $4,500 Tuesday as major…
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Key points: Bitcoin price momentum weakness is leading to lower targets, with Wyckoff analysis warning that $100,000 support may fail. The push to $122,000 currently looks “ugly” thanks to a rejection on daily timeframes. Attention continues to focus on the CME gap near $117,500. Bitcoin (BTC) risks breaking its bull run early as a sub-$100,000…
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Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. BTC is already an outperformer among macro assets over the past five years.…
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