Bitcoin and the broader cryptocurrency market have been trending sideways for the last month with no indication of an upside at this point. However, not everyone is bearish on the market as Galaxy Digital CEO Mike Novogratz expects the market to turn bullish soon, and he gives reasons for why he believes this will happen.…
Bitcoin price is consolidating above the $26,500 support. BTC could decline heavily if there is a clear move below the $26,500 support. Bitcoin is still struggling to stay above the $26,500 support zone. The price is trading below $27,250 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
The recovery of Bitcoin and other cryptocurrencies at the start of the year brought about hopes that the bear market had finally come to an end. However, the market has since reversed with assets in the space losing a good portion of their Q1 gains. With the current trend, it is more than likely that…
Bitcoin (BTC) has been on a rollercoaster ride for weeks. However, the largest cryptocurrency in the market seems poised to breach the $30,000 mark again if it continues its bullish momentum. Nevertheless, cryptocurrency experts are eyeing a key technical price level that could signal further volatility for the world’s most popular cryptocurrency. According to crypto…
Bitcoin price started a fresh decline below the $27,500 support. BTC is now showing a lot of bearish signs below the $27,400 pivot level. Bitcoin started a fresh decline and tumbled below the key $27,500 support zone. The price is trading below $27,550 and the 100 hourly Simple moving average. There is a major bearish…
The amount of funds flowing through the Avalanche Bridge is down 70% in the last 24 hours, DeFiLlama data on May 31 shows. 70% Drop In Activity In The Avalanche Bridge To Ethereum Over the past day, the bridge has facilitated $2,634,828 worth of transactions and processed $22.4 million in transfers in the last week. The bridge…
Bitcoin price action is at an impasse. Bulls and bears are divided as to what happens next, leading to months of consolidation. It could all come down to the next few days, according to the most important BTCUSD price chart you’ll see this week. The chart shows just how critical the stalemate in crypto markets…
On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive for the market. Bitcoin RHODL Ratio Has Been Climbing Up In Recent Days According to data from the on-chain analytics firm Glassnode, this kind of trend is usually seen in the middle of cycle transitions.…
Bitcoin price is consolidating above the $27,500 support. BTC could start a fresh increase unless there is a clear move and close below $27,500. Bitcoin is still holding the key $27,500 support zone. The price is trading above $27,550 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…
Bitcoin (BTC), the largest cryptocurrency by market cap, is currently showing signs of a new momentum refresh and the beginning of a newly formed bull run. Market analyst Justin Bennet accurately predicted this move, citing recent range highs and a cluster of short liquidations in the $27,500 area. However, Bennet suggests an expected market between…