On-chain data shows Bitcoin and the other top assets are observing a high amount of loss-taking currently. Here’s what this could mean. Investors Of Bitcoin & Other Top Coins Are Capitulating Currently According to data from the on-chain analytics firm Santiment, the current trader capitulation that the largest assets in the market are seeing may…
The Bitcoin market continues to reveal trends and patterns, vital for both long-term holders and short-term speculators. Notably, since Bitcoin reached its all-time high of $69,000, speculators, who play a pivotal role in the market, now hold less of the cryptocurrency. This insight comes from prominent analytics firm Glassnode in its “The Week On-Chain” newsletter, which…
The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first…
Bitcoin price moving lower below the $29,500 zone. BTC remains at risk of more downsides below the $29,000 support zone. Bitcoin is still trading well below the $29,650 resistance zone. The price is trading below $29,300 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $29,250…
Bitcoin, the most valuable crypto asset, is at a critical juncture at spot rates if candlestick formation in the weekly chart is anything to go by. One analyst on X, formerly Twitter and NewsBTC Editorial Director Tony Spilotro, is sounding the alarm after picking out the bearish head-and-shoulder pattern in the weekly chart. Will Bitcoin Crack?…
Bitcoin price has mostly maintained the $29,000 level for the better part of the week. This points to low activity and momentum in the market, as well as a reluctance to engage in the digital asset at this point. One reason for this reluctance is the expectation that the Bitcoin price will see another crash…
Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin has gone to spearhead the crypto industry, with many investors calling it digital gold. Now, renowned finance author Robert Kiyosaki has argued that Bitcoin price could reach $100,000 soon and go as high…
The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action. As of this writing, Bitcoin trades at $29,300 with sideways movement in the last 24 hours. In…
Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make Friends With Strong Trends “The trend is your friend” is one of the most…
In today’s micro update from Capriole, founder Charles Edwards presented a compelling analysis that draws parallels between the current low volatility of Bitcoin and its historical behavior in 2016. With Bitcoin’s price stagnating around the $29,000 mark, experts are closely watching for signs of a potential bullish breakout. “Bitcoin’s price remains at $29K, in a…