Bitcoin (BTC) starts the last full week of July in “wait and see” mode as altcoins steal the spotlight. BTC price action continues to consolidate after $123,000 all-time highs, and liquidation levels are making some traders nervous. Price targets, even those held for many months, coalesce around $150,000 for the cycle top. Fed Chair Jerome…
Read more
Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $18,500 into Sunday’s weekly close…
Read more
Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether (ETH) is “making history” as ETH price gains spark a short squeeze for the record books.…
Read more
Key points: Bitcoin’s latest golden cross on the daily chart is already delivering upside since confirming in late May. Historically, daily chart golden crosses preceded price gains in excess of 2,000%. Consensus increasingly sees Bitcoin breaking out again after consolidating below $120,000. Bitcoin (BTC) has the chance to reach $155,000 in the coming months as…
Read more
Key points: New Bitcoin market entrants have accumulated 140,000 BTC in July so far, Glassnode data shows. Buyers across the board have “aggressively” bought up dips, specifically below $118,000. Google Trends shows retail hype around Bitcoin is still historically low. Bitcoin (BTC) “FOMO” is slowly coming back as new buyers upped their stakes by 140,000…
Read more
Key points: Bitcoin price targets include taking liquidity at around the $120,000 mark. US PPI inflation cools beyond expectations, providing relief after the hot CPI print the day prior. BTC/USD avoids a trip to a CME gap below $115,000. Bitcoin (BTC) maintained an overnight rebound at the Wall Street open Wednesday as US inflation data…
Read more
Key points: Bitcoin institutional buying is ignoring the latest BTC price dip, adding nearly 11,000 BTC over two days. Spot Bitcoin ETFs’ response to the latest market retracement contrasts with earlier this year. A new projection sees $135,000 within six months thanks to ETFs buying up Bitcoin. Bitcoin (BTC) was a clear “buy” for institutions…
Read more
Key points: Bitcoin’s speculative investor base now has an aggregate buy-in price of above $100,000. Profit-taking ramps up as $3.5 billion is realized in just 24 hours. The mystery owner of a 14-year-old BTC wallet sends 40,000 BTC to Galaxy Digital. Bitcoin (BTC) speculators hit a new milestone as their aggregate buy-in price passed $100,000…
Read more
Key points: Bitcoin surfs exchange order-book liquidity as huge gains plateau at around $120,000. Bid support suggests a return below $119,000 next as part of an anticipated retest. One trader warns of a potential “pump and dump” ploy to trap late buyers at higher levels. Bitcoin (BTC) consolidated gains at the Monday Wall Street open…
Read more
Bitcoin (BTC) makes history as the third week of July begins above $120,000 per coin. BTC price strength shows no signs of reversing as $123,000 appears for the first time after the weekly close. July gains remain standard in percentage terms despite the giant US dollar figures. US CPI week dawns with a cloud hanging…
Read more