Bitcoin price is attempting an upside break above the $26,200 resistance. BTC must clear $26,200 and $26,500 to start a decent recovery wave. Bitcoin is still struggling to clear the $26,500 resistance zone. The price is trading above $26,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend…
Bitcoin (BTC), the leading cryptocurrency in the market, has experienced a significant decline since mid-August, resulting in a stagnant price within a newly formed range. This decline has occurred amidst what many believe is an extended bear market in cryptocurrency, causing concerns about the future of Bitcoin’s bull cycles. Bloomberg Intelligence’s Senior Macro Strategist, Mike…
Bitcoin miners are churning less in revenue, looking at trackers on August 28. According to Hashrate Index data, a platform that tracks the correlation between hash rate and revenue accrued by miners over time, income generated from Bitcoin mining operations is at near record lows. Bitcoin Miner Revenue Declining At $0.059 per Tera Hash (TH) daily,…
On-chain data shows a Bitcoin metric is forming a pattern that may hint that a bull run could be coming next for the asset. Bitcoin HODLer Growth Rate Has Seemingly Reached The “Plateau” Stage In a new post on X, the analyst Charles Edwards shared a chart highlighting a pattern that the BTC “HODLer Growth…
The Bitcoin price has barely moved a few hundred dollars since late last week, but a vital metric hints at another aggressive move. In the meantime, the cryptocurrency is likely to keep trading sideways until another liquidation event flips momentum into a specific direction. As of this writing, Bitcoin trades at $26,100 with sideways movement…
Bitcoin price is currently trading at slightly above $26,000 per coin, but is still reeling after last week’s 10% single day selloff. The situation looks dire for crypto bulls who were hoping for a more significant recovery to begin after such prolonged sideways. However, the bullish market structure remains unbroken. Let’s take a closer look…
The price of Bitcoin has taken a beating in the past month. The leading cryptocurrency by market cap is down by more than 11% from its price in July and has lost more than $50 billion in market cap since then. While the price plunge has been painful for investors, Bitcoin miners have also been…
The on-chain analytics firm CryptoQuant has discussed how the Bitcoin market has changed during the past year. Bitcoin Has Been Going Through Some Changes Recently In a new post on X, CryptoQuant has broken down the changes that the cryptocurrency’s landscape has observed recently. The first would be that the US-based exchanges have been registering…
The cryptocurrency market has been in a declining trend for years. However, reports reveal a possible recovery and bullish turn for popular cryptocurrencies in the space. JP Morgan has predicted a possible price rebound for Bitcoin, saying that long-term liquidations are “largely behind us.” JP Morgan Sees Upside For Bitcoin Price JP Morgan, an American…
Bitcoin (BTC) is currently marked by cautious sentiments as the Crypto Fear and Greed Index holds steady within the fear zone, scoring 39 out of 100 and showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced…