Bitcoin is facing renewed downside risks as bearish technical signals, a potential liquidity gap near $74,000, and shifting trading activity raise questions about the strength of its recovery. Meanwhile, data from Glassnode and Fasanara Digital show that traditional financial assets are capturing a growing share of derivatives activity on crypto trading platforms. The combination puts…
The Bitcoin price rally is losing strength as the cryptocurrency returns to its support levels following weeks of bullish momentum. In the short term, the landscape seems sloped to the downside, but an analyst presented the main reasons why the rally has just begun. As of this writing, Bitcoin (BTC) trades at $36,550 with a…
Bitcoin’s recent weekend breakout above a key resistance level has set a potential blueprint for Dogecoin, with analysts pointing to a 25% move for DOGE if the meme coin can replicate BTC’s feat in the coming days. Related Reading The world’s leading cryptocurrency cleared the $78,330 level — its 23-week moving average — over the…
Nobody could argue that 2022 was anything but a bear market. After Bitcoin reached an ATH in November of 2021 we saw the bear market develop in classic fashion by losing support at key technical levels. While the bear was playing out in somewhat predictable fashion, the market was caught off guard by the events…
Based on several factors, the latest Bitcoin news points to a potential bullish continuation in the long term. However, the short term remains uncertain; the cryptocurrency continues to trade in a tight range, although BTC has shown a spike in volatility. As of this writing, the Bitcoin price trades at $25,500 with a 2% loss…
Bitcoin is walking back on some of its gains over the past few days. The number one cryptocurrency by market cap might be on the verge of a more significant retracement, which could push it back to the $30,000 zone. As of this writing, Bitcoin (BTC) trades at $40,950 with a 2% loss in the…
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The Bitcoin price experienced volatility in the last day following speculation about approving a spot BTC Exchange Traded Fund (ETF) in the US. The rumors turned out false, but the cryptocurrency managed to reclaim a critical level. As of this writing, Bitcoin trades at $28,460 with a 3% profit in the last 24 hours. Over…
Speaking on the Schwab Network, Saylor said the cryptocurrency was entering a new bull market and predicted that the broader rally could last four years. His outlook comes as Bitcoin trades near $83,700, with technical indicators showing a positive trend but mixed short-term momentum. Saylor’s forecast reflects his long-standing confidence in Bitcoin’s limited supply and…
The pullback has not yet confirmed a bearish trend reversal. However, several on-chain and technical indicators show that Bitcoin is facing meaningful resistance while demand remains below the level typically associated with a sustained expansion. Bitcoin Price Faces an $83K-$85K Ceiling Glassnode data shows Bitcoin remains below a dense long-term holder cost-basis cluster around $83,000-$85,000.…