Bitcoin price is moving lower from the $30,350 level. BTC is showing bearish signs and might decline further toward the $29,650 and $29,500 support levels. Bitcoin is moving lower below the $30,000 pivot level. The price is trading below $30,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming…
After over 11 years of inactivity, a dormant Bitcoin address containing $31 million in BTC suddenly came to life recently. On July 22, 2023, the address transferred its entire balance to a new address. Early BTC Address Comes Back To Life Bitcoin has been around since 2009, so there are dormant addresses that have been…
Bitcoin price is still consolidating above $29,500. BTC must settle above the $30,400 resistance zone to start a steady increase in the near term. Bitcoin is struggling to clear the $30,000 resistance level. The price is trading below $30,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend…
Digital asset management platform Blofin has released a report that explores the changing narrative of the cryptocurrency market, focusing on the diverging correlation between Bitcoin (BTC) and Ethereum (ETH). The report suggests that BTC is becoming an increasingly prominent macro underlying asset, approaching the status of traditional assets such as foreign exchange and precious metals,…
Bitcoin price is consolidating above $29,500. BTC could start a decent increase if it clears the $30,200 resistance zone in the near term. Bitcoin is struggling to gain bullish momentum from the $29,500 level. The price is trading below $30,100 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
Tesla has released its Q2 2023 earnings report, which has been highly anticipated by investors, and it shows no signs of Bitcoin movement for the electric car giant in the previous quarter. The report shows that the company has had a record-breaking quarter, with the best-ever production and deliveries and revenue approaching $25 billion in…
Bitcoin price is attempting a fresh increase from $29,500. BTC could gain bullish momentum if it clears the $30,200 resistance zone in the near term. Bitcoin is slowly moving higher from the $29,500 level. The price is trading below $30,200 and the 100 hourly Simple moving average. There is a major bearish trend line forming…
Bitcoin price is again moving lower toward the $29,200 level. BTC must surpass $30,500 to attempt a fresh increase in the near term. Bitcoin is showing bearish signs and trading well below the $30,500 zone. The price is trading below $30,300 and the 100 hourly Simple moving average. There is a key bearish trend line…
According to recent findings from blockchain analytics company IntoTheBlock, around 29% of the total Bitcoin circulating supply is now presumed lost forever after remaining stagnant for over five years. Bitcoin was designed to be scarce, with only 21 million coins ever to be mined, but the very features that make the cryptocurrency so attractive to…
A record 592,000 Bitcoin, or roughly $17.8 billion, was accumulated when the coin was trading at $30,200, recent Glassnode data indicates. At this accumulation rate, suggesting possible demand, more entities bought more coins at the second fastest pace in the network’s history. This record was only broken when 637,000 BTC were bought at an average…