With Bitcoin trading near $64,047, according to the supplied TradingView data, the market is approaching a potentially important technical test at $64,850. The level has gained attention because it aligns with the 50-day exponential moving average (EMA) and the daily volume-weighted average price (D-VWAP). Bitcoin has already failed twice to reclaim this area, leaving the…
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Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). Notably, the ETC Group has released a comprehensive report shedding light…
Bitcoin (BTC) has once again slipped under the $120,000 price mark, retracing after reaching a new all-time high above $124,000 last week. As of the latest market data, BTC is trading around $115,557, down 2.5% in the past 24 hours and nearly 7% below its peak. This price movement suggests that the asset is currently…
In the third week of January, Bitcoin (BTC) demonstrated a modest 3% price recovery, following increased selling pressure exerted by asset manager Grayscale since January 12. Interestingly, there are indications that this selling pressure is now diminishing, pointing towards a potential restart of the bullish trend that Bitcoin has been experiencing since October 2023. Grayscale’s…
While short-term technical indicators suggest buyers are attempting to regain momentum, traders remain cautious as mixed signals across market structure, momentum indicators, and on-chain data point to a pivotal phase for Bitcoin’s upcoming market bias. At the time of writing, the Bitcoin price today is hovering near $64,500, placing BTC between significant resistance overhead and…
Este artículo también está disponible en español. In a post shared on X with his 700,000 followers, market veteran CRYPTO₿IRB (@crypto_birb) outlined what he believes could be one of Bitcoin’s final major pullbacks before an eventual surge to a six-figure price target. In his own words: “BTC LAST DIPS BEFORE $273K? Here’s why:” He backed…
November has often been a standout month for Bitcoin, with historical data indicating an impressive average price jump of 43%. This would propel Bitcoin to around $48,000. But with October already showing a significant price increase, the question arises: Will Bitcoin continue its bullish trend, or is a retrace on the horizon? November Monthly Returns…
Key Points Bitcoin price traded further higher above the $6,450 and $6,510 resistances against the US Dollar. There is a short term ascending channel in place with support at $6,505 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double top pattern near the $6,600 resistance.…
While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often.…