Bitcoin remained strong above the $54,000 level against the US Dollar. BTC started a fresh increase and it could rally above $58,500 and $59,500. Bitcoin started a fresh increase and it broke the $58,000 level. The price is now trading above $57,500 and the 100 hourly simple moving average. There was a break above a…
The bulls are back in control after a brief drop in the price of Bitcoin. The first cryptocurrency by market cap trades north of $57,000 with a 2.5% and 11.1% profit in the daily and weekly charts, respectively. BTC on a rally in the daily chart. Source: BTCUSD Tradingview The general sentiment in the markets…
Bitcoin price is back at nearly $57,000 and is less than $10,000 away from a new setting a new all-time high and heading back into price discovery mode. It is also moments away from re-entering the RSI bull zone, which in the past has led to cryptocurrency cycle climaxes and a bear market to follow.…
Data shows Bitcoin short-term supply has reached an all-time low value. This may mean that investors aren’t keen to sell at this level despite the latest rally up where the coin broke $57k. Bitcoin Short-Term Supply Records All-Time Lows According to the latest Arcane Research weekly report, the BTC short-term supply is currently floating around…
Bitcoin started a downside correction from the $57,800 zone against the US Dollar. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term. Bitcoin corrected lower below the $57,000 pivot level. The price is now trading above $56,000 and the 100 hourly simple moving average. There is a…
Bitcoin has once again cleared expectations for the month of October. The price of the digital asset had grown from its $40K lows to over $57K at the time of this writing. Its recovery trends have put it on a path of least resistance towards the previous $64K all-time high. But on-chain metrics have shown…
With Bitcoin and Ethereum so close to their pre-crash highs, the general sentiment in the market seems to be predominantly bullish. In that sense, analyst CroissantEth took the task to summarize the factors causing such sentiment amongst traders and operators. Related Reading | As Bitcoin Breaks $57k, Quant Explains Why It Could See A Pullback Here…
Bitcoin price is only striking distance away from potentially setting a new all-time high, or only about a 15% move higher for the new record to be set. As the top-ranked cryptocurrency surprisingly weathers the macro turmoil as of late, altcoins have suffered dramatically and for the most part bled while BTC has been rising.…
As Bitcoin rallies past $57k, Quant explains using on-chain analysis why the cryptocurrency may see a pullback here. Bitcoin Funding Rate And Futures Open Interest Show Rising Values As explained by an analyst in a CryptoQuant post, some BTC indicators are showing values that have historically signaled that a correction could be coming soon. The…
The last time we checked with Litecoin, its creator Charlie Lee left Coinbase to focus on his own project. The mission at hand was implementing SegWit in the Litecoin blockchain, which is easier said than done. This story is as exciting as they come. It has twists and turns and it ends with a bang.…