According to Google Trends data, interest in Bitcoin is heading to historic lows as of June 27. In a screenshot shared by a Twitter user, organic searches related to “Bitcoin” have dropped in the last six months. Google Trends is a free tool that tracks how people search for specific terms or phrases on Google,…
A reptilian technical signal is back in Bitcoin, and it has started to feast upon a new uptrend, according to how the tool works. Take a closer look below at the one-week BTCUSD Williams Alligator, and learn more about what it says about the king of the cryptocurrency market. Bye Crypto Bear Market. See You…
Financial market titan Fidelity is reportedly preparing to throw its hat into the Bitcoin exchange-traded fund (ETF) ring. An insider source reveals that the asset management colossus is in the advanced stages of preparing a filing for a spot Bitcoin ETF. If true, this move would make Fidelity the latest entrant into the burgeoning field…
Data shows bearish sentiment has spiked among Bitcoin holders, something that could actually work in the favor of the asset’s price. Social Media Users Have Turned Bearish On Bitcoin As explained by the analytics firm Santiment, traders have come into the new week expecting the price of the cryptocurrency to retrace towards the $27,000 to…
The month of June is quickly drawing to an end and although the price of Bitcoin is maintaining a bullish streak, it is still sitting well below expectations. However, all hope is not lost as the market moves into the month of July which has historically been a bullish month for the digital asset. So…
The Lightning Network, Bitcoin’s Layer 2 payment protocol, has achieved a new landmark, reaching an all-time high in Bitcoin capacity, a pivotal move underscoring the network’s continued growth and increased adoption. The network, which works by locking Bitcoin in payment channels, witnessed a substantial boost, pushing its Bitcoin capacity to a record-high of more than…
On-chain data shows that the Bitcoin exchange whale ratio has taken a plunge recently. Here’s why this may be bullish for the asset’s price. Bitcoin Exchange Whale Ratio Has Registered A Sharp Decline Recently As pointed out by an analyst in a CryptoQuant post, the selling pressure in the market may be diminishing right now.…
The latest Bitcoin price action has pushed momentum into the positive on just about every timeframe that matters: From today the daily through the monthly. If these signals confirm with a June monthly close, the train might have officially left the station when it comes to the next crypto bull run. BTCUSD Momentum Builds Across…
As the world of crypto continues to evolve, traders and analysts are closely monitoring the Bitcoin (BTC) charts for clues about future price movements. Among them, the popular analyst known as Credible Crypto has shared his insights, predicting a new all-time high for Bitcoin by 2023. The prognosis relies on the assumption of a continuing…
Bitcoin, the leading cryptocurrency by market capitalization, seems to have entered a phase of consolidation above the $30,000 mark following a notable surge of over 10% on Tuesday. While the price movement has generated a lot of interest among investors, it remains uncertain whether Bitcoin will maintain its upward momentum or experience a pullback in…