Bitcoin (BTC) is approaching “undervalued” territory for the first time in three years as a classic indicator nears its inflection point. Key points: Bitcoin has not been so “undervalued” versus its market cap since March 2023, research shows. The MVRV ratio is approaching its key breakeven level for the first time in over three years.…
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Bitcoin (BTC) gained at Friday’s Wall Street open as a fresh US inflation surprise boosted the mood. Key points: Bitcoin price action heads toward key resistance after US CPI inflation data cools beyond expectations. Crypto becomes a standout on the day as macro assets see a cool reaction to slowing inflation. Traders stay wary on…
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Bitcoin (BTC) battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted. Key points: Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels. History offers lessons for what happens when price rejects from the key 200-week trend line. Mayer Multiple values continue…
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Bitcoin (BTC) market sentiment has begun to recover as exchange traders reconsider selling. Key points: Bitcoin taker flow finally sees positive values after a month of seller dominance. “Aggressive” sell pressure is fading at current price levels, analysis says. The Crypto Fear & Greed Index hits record lows despite BTC price stabilization. Bitcoin exchanges eye…
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Bitcoin (BTC) saw flash volatility around Wednesday’s Wall Street open as US jobs data came in well above expectations. Key points: Bitcoin attempts to rescue the day’s losses on the back of stronger US nonfarm payrolls data. Mixed signals result in risk assets diverging in their reactions to the numbers. Bitcoin traders stay wary of…
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Bitcoin analysis warned the $69,000 mark may end up as long-term resistance again, thanks to its significance in BTC price history. Bitcoin (BTC) hit new week-to-date lows on Wednesday as $66,500 came into focus. Key points: Bitcoin is trading in a key historical zone, but buyer pressure is too weak to break resistance. Analysis sees…
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Bitcoin (BTC) begins its second week of February, licking its wounds as traders remain bearish on BTC. Market forecasts agree that Bitcoin price action has not yet put in a reliable long-term bottom. CPI week comes as markets lose faith in Fed rate cuts in March. US dollar strength begins to fade as analysts eye…
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Bitcoin (BTC) gained up to 3% Sunday, but some traders refused to believe that the BTC price crash was over. Key points: Bitcoin price comparisons warn that new macro lows are due if the 2022 bear market continues to repeat. Moving averages and the cost basis of the US spot Bitcoin ETFs are in focus.…
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Bitcoin (BTC) failed to hold $69,000 as the weekend began amid predictions of fresh macro lows next. Key points: Bitcoin faces a lack of acceptance above $69,000, while traders see new lows to come. Analysis says that the rebound into the weekend was nothing more than a “relief rally.” Two CME futures gaps provide potential…
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Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. BTC price action is due “mean reversion” as a result. Analysis describes a “macro-driven” Bitcoin bear market now in progress. Bitcoin sees one of its…
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