In six months, the Bitcoin price has crashed by around 50%, dropping below $64,000 at the start of this month. Naturally, this has triggered a cascading event, with devastating effects on the rest of the market, and questions about what could be driving the decline. With no notable event driving the crash, as was seen…
Bitcoin price failed to stay above $66,000 and dipped further. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,000 support. The price is trading below $65,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance…
Bitcoin’s long-term price outlook is a major talking point, with veteran trader Peter Brandt recently floating a bold timeline for when the leading cryptocurrency could hit $250,000. The comment came in response to a chart shared on X by NBA legend Scottie Pippen, who showed how Bitcoin’s current structure looks familiar. Brandt not only agreed…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
The crypto market has been showing signs of recovery, with the Bitcoin price trying to reclaim the psychological $70,000 over the past few days. Interestingly, the latest on-chain data suggests that the crypto market might just have the required liquidity to kickstart a resurgence. Stablecoin Inflows Surge During Key Support Retest In a recent QuickTake…
Bitcoin futures positioning among non-commercial traders is swinging sharply toward net long exposure, a move technical analyst Tom McClellan (editor of The McClellan Market Report) says has arrived “with some urgency” in the latest weekly Commitment of Traders (COT) report and one that has coincided with notable market outcomes in prior, similarly extreme episodes. Sharing…
Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average. There was a break below a bullish trend line…
The crypto market has been showing signs of recovery, with the Bitcoin price trying to reclaim the psychological $70,000 over the past few days. Interestingly, the latest on-chain data suggests that the crypto market might just have the required liquidity to kickstart a resurgence. Stablecoin Inflows Surge During Key Support Retest In a recent QuickTake…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
As it stands, the premier cryptocurrency maintains its broader bearish structure, with its price struggling to overcome the $68,000 resistance over the past few days. However, an interesting on-chain development suggests that the Bitcoin price could likely see a relief soon, but only after a certain condition has been met. Realized Profits Show Warning Pattern…