Bitcoin price is still struggling to clear the $44,500 and $44,700 resistance levels. BTC is showing a few bearish signs and might drop toward $42,150. Bitcoin is facing a major hurdle near the $44,500 resistance zone. The price is trading below $44,000 and the 100 hourly Simple moving average. There was a break below a…
It’s decision time. By the end of this week, we’ll have our answer - will one or more Bitcoin Spot ETFs be given the green light to trade in the U.S? And how will the market respond? In the race towards the approval of a spot Bitcoin exchange-traded fund (ETF), the final steps are underway,…
Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The…
VanEck’s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world’s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent. BlackRock’s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned…
The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot (ETF). Interestingly, the latest on-chain data has revealed that…
John Bollinger, a legendary Bitcoin (BTC) trader known for creating the Bollinger Bands strategy, has recently shared an optimistic view on Bitcoin’s future. Bitcoin Poised For Further Surge? In a post on X, John suggest that Bitcoin’s price is likely to “break higher” from its current levels. This prediction is based on his analysis using…
As the Bitcoin price has regained previously lost territory, following reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs), new developments have reignited hopes among investors. Although the approval of these index funds is not expected to occur on Friday, sources indicate that the upcoming…
The Bitcoin (BTC) network has experienced a significant uptick in high-value transactions, a phenomenon not seen in nearly two years. Crypto analyst Ali has highlighted this trend, noting 16,900 transactions, each exceeding $100,000. This surge is a critical indicator of increased activity by Bitcoin whales – entities holding large amounts of BTC – and provides…
An analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above $41,800 In a new post on X, analyst Ali talked about the various BTC support and resistance levels from an on-chain perspective. In on-chain analysis, the strength…
Taking to X on January 5, Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), expressed skepticism regarding the current crypto bull run. Juliano attributed the recent price surge to “light trading volumes.” This formation might, despite the overall confidence, not sustain the uptrend. Founder: This Bull Run Is Different, Participation Is Low Juliano…